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  • FIRST POST
    • luiza8
    • By luiza8 16th May 19, 4:46 PM
    • 51Posts
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    luiza8
    Making a revised offer after a Homebuyers report
    • #1
    • 16th May 19, 4:46 PM
    Making a revised offer after a Homebuyers report 16th May 19 at 4:46 PM
    Hi.

    We negotiated the sale of a property from 164k to 153k. It has since come about, after the homebuyers that there are more works to be done. We could do with either a new roof or fixing the existing roof.

    I spoke with the estate agent and told her this and she said that she thought I already knew this and took that into account when I made my offer. I said that I wasn't a professional surveyor (I know nothing!) and how could I have made that judgement call. She then went on to say she doesn't know if the seller will reduce the price.

    Firstly we are proceed able. No chain. Seller has had the property on the market for 6 months (long time for the area and kind of property). Seller has had no reasonable offers apart from ours, and therefore hasn't accepted another offer.

    I find it infuriating that the state agent implied that I should have known the roof was in need of work.

    I think it's totally acceptable to make a raised offer. Don't you agree?

    She also said if I had any more questions regarding the property I should go through the solicitor, but if I wanted to make a revised offer then I should do it through her. This sounds like she wants to be in control of the sale and the negotiating rather than the solicitor. She is working for a fixed fee so getting the most for the vendor isn't as much a priority as it would be for a % based fee.

    Should I put the revised offer in through my solicitor or through the estate agent?

    thanks for reading my blurb! rant over!
Page 1
    • Doozergirl
    • By Doozergirl 16th May 19, 4:49 PM
    • 26,736 Posts
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    Doozergirl
    • #2
    • 16th May 19, 4:49 PM
    • #2
    • 16th May 19, 4:49 PM
    What did the valuation come out at? Less than 153k

    The estate agent is right. Money talks through her, property questions through the solicitor.
    Everything that is supposed to be in heaven is already here on earth.
    • luiza8
    • By luiza8 16th May 19, 4:50 PM
    • 51 Posts
    • 12 Thanks
    luiza8
    • #3
    • 16th May 19, 4:50 PM
    • #3
    • 16th May 19, 4:50 PM
    Also, we need certificates for the gas and electric. If I get the certificates and pull out of the sale, I don't want the seller to get the certificates. Do the certificates get held on a central database or something that the seller would have access to?
    • luiza8
    • By luiza8 16th May 19, 4:51 PM
    • 51 Posts
    • 12 Thanks
    luiza8
    • #4
    • 16th May 19, 4:51 PM
    • #4
    • 16th May 19, 4:51 PM
    What did the valuation come out at? Less than 153k

    The estate agent is right. Money talks through her, property questions through the solicitor.
    Originally posted by Doozergirl
    We paid 20 more than what the surveyor valued the property at, in its current condition.
    • AnotherJoe
    • By AnotherJoe 16th May 19, 4:53 PM
    • 14,189 Posts
    • 16,873 Thanks
    AnotherJoe
    • #5
    • 16th May 19, 4:53 PM
    • #5
    • 16th May 19, 4:53 PM
    Also, we need certificates for the gas and electric. If I get the certificates and pull out of the sale, I don't want the seller to get the certificates. Do the certificates get held on a central database or something that the seller would have access to?
    Originally posted by luiza8

    Do you? Why?
    What does the homebuyers valuation say the value is?
    Please dont criticise my spelling. It's excellent. Its my typing that's bad.
    • need an answer
    • By need an answer 16th May 19, 4:55 PM
    • 1,475 Posts
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    need an answer
    • #6
    • 16th May 19, 4:55 PM
    • #6
    • 16th May 19, 4:55 PM
    we paid 20 more than what the surveyor valued the property at, in its current condition.
    Originally posted by luiza8
    20?

    ...
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    • Davesnave
    • By Davesnave 16th May 19, 4:56 PM
    • 28,104 Posts
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    Davesnave
    • #7
    • 16th May 19, 4:56 PM
    • #7
    • 16th May 19, 4:56 PM
    . We could do with either a new roof or fixing the existing roof.
    Originally posted by luiza8
    These are two very different things, but neither of them is quantified at present, so you are expecting a reduction based on a vague assertion that 'something' needs to be done.

    You need somone qualified to give you an estimate for whatever needs doing in order to gain the best leverage.

    On what basis did you negotiate the existing reduction and was it unreasonable for the agent to imagine the roof figured in that?

    Remember, she is not working for you, but trying to get the best price for her client, so being 'infuriated' by her might be a little OTT.
    'I've suffered for my music, now it's your turn.' Neil Innes, introducing 'Protest Song.'
    • luiza8
    • By luiza8 16th May 19, 4:58 PM
    • 51 Posts
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    luiza8
    • #8
    • 16th May 19, 4:58 PM
    • #8
    • 16th May 19, 4:58 PM
    The homebuyers report said they were of high severity. While they both looked in good condition but they had to put them down as a 3 (most severe) as there was no certificate to show they're in good condition.

    The report says the valuation is 153000 and we had an offer accepted at 153020.
    • need an answer
    • By need an answer 16th May 19, 4:59 PM
    • 1,475 Posts
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    need an answer
    • #9
    • 16th May 19, 4:59 PM
    • #9
    • 16th May 19, 4:59 PM
    Also, we need certificates for the gas and electric. If I get the certificates and pull out of the sale, I don't want the seller to get the certificates. Do the certificates get held on a central database or something that the seller would have access to?
    Originally posted by luiza8
    Not sure why you NEED them...always nice to have them but not an absolute necessity.

    A gas safety certificate will be give to you when the inspection is done that would be yours to keep. seller wouldn't get access to it via a central database.

    The certification is just a check that clarifies that the boiler system is functioning at the time of testing.


    Full electrical testing can again be carried out by whom ever you choose and the findings are yours to keep also.
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    • luiza8
    • By luiza8 16th May 19, 5:00 PM
    • 51 Posts
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    luiza8
    20?

    ...
    Originally posted by need an answer

    Yes, we had an offer accepted at 150020 and it was valued from the homebuyer report at 153000
    • need an answer
    • By need an answer 16th May 19, 5:01 PM
    • 1,475 Posts
    • 1,773 Thanks
    need an answer
    The homebuyers report said they were of high severity. While they both looked in good condition but they had to put them down as a 3 (most severe) as there was no certificate to show they're in good condition.

    The report says the valuation is 153000 and we had an offer accepted at 153020.
    Originally posted by luiza8
    so the property has been valued at 20 less than your offer....its a genuine question,but how much do you want to negotiate the price down by given the fact that the figures are so close?
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    • Davesnave
    • By Davesnave 16th May 19, 5:01 PM
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    Davesnave
    The homebuyers report said they were of high severity. While they both looked in good condition but they had to put them down as a 3 (most severe) as there was no certificate to show they're in good condition..
    Originally posted by luiza8
    You misunderstand. The report must give a 3 for gas & electric because the surveyor is not qualified to test them.
    'I've suffered for my music, now it's your turn.' Neil Innes, introducing 'Protest Song.'
    • luiza8
    • By luiza8 16th May 19, 5:03 PM
    • 51 Posts
    • 12 Thanks
    luiza8
    These are two very different things, but neither of them is quantified at present, so you are expecting a reduction based on a vague assertion that 'something' needs to be done.

    You need somone qualified to give you an estimate for whatever needs doing in order to gain the best leverage.

    On what basis did you negotiate the existing reduction and was it unreasonable for the agent to imagine the roof figured in that?

    Remember, she is not working for you, but trying to get the best price for her client, so being 'infuriated' by her might be a little OTT.
    Originally posted by Davesnave
    I'm hoping for a reduction because work is needed on the roof, that's been recommended by a surveyor.

    We negotiated the existing reduction because the house needs a new bathroom and kitchen and the boiler is most likely needing to be replaced.

    She is working for the client yes, however she has been working on the house sale for 6 months, at the same fixed fee. She will want rid of it ASAP rather than hoping to squeeze and extra few thousand out of either myself or scaring us away and hoping for another buyer. She is getting a fixed fee for it so the quicker she sells it the more the company will have earned per day, and will free up resources for other properties.
    • luiza8
    • By luiza8 16th May 19, 5:05 PM
    • 51 Posts
    • 12 Thanks
    luiza8
    so the property has been valued at 20 less than your offer....its a genuine question,but how much do you want to negotiate the price down by given the fact that the figures are so close?
    Originally posted by need an answer
    I am not bothered its 20 less than we offered. I want to reduce the price because works need doing on the property that we didn't know about. There is also damp around the front and rear doors which need to be replaced. Work needs to be done on the chimney, new bathroom and kitchen needs to be put in also.
    • luiza8
    • By luiza8 16th May 19, 5:06 PM
    • 51 Posts
    • 12 Thanks
    luiza8
    You misunderstand. The report must give a 3 for gas & electric because the surveyor is not qualified to test them.
    Originally posted by Davesnave
    After speaking with the surveyor, he said if they had the certificates they would not have been a 3, but yes, he couldn't test them
    • Davesnave
    • By Davesnave 16th May 19, 5:08 PM
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    Davesnave
    I'm hoping for a reduction because work is needed on the roof, that's been recommended by a surveyor.
    Originally posted by luiza8
    Yes, I recognised that in my reply.


    According to you, however, it's not clear exactly what needs doing, so how are you going to negotiate regarding this matter without knowing what it is and approximately what it will cost? You need a roofer's estimate.


    However, as others have pointed-out, if the surveyor says the house is worth what you are paying, you might find it a struggle to get a further reduction anyway.
    Last edited by Davesnave; 16-05-2019 at 5:20 PM.
    'I've suffered for my music, now it's your turn.' Neil Innes, introducing 'Protest Song.'
    • need an answer
    • By need an answer 16th May 19, 5:09 PM
    • 1,475 Posts
    • 1,773 Thanks
    need an answer
    I am not bothered its 20 less than we offered. I want to reduce the price because works need doing on the property that we didn't know about. There is also damp around the front and rear doors which need to be replaced. Work needs to be done on the chimney, new bathroom and kitchen needs to be put in also.
    Originally posted by luiza8

    but with respect the property has been valued by a qualified surveyor to take into account the whole property condition.

    TBH its going to be very difficult to persuade any seller that you should have further money off the house price if the surveyor has valued it at that amount in its current condition
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    • giraffe69
    • By giraffe69 16th May 19, 5:09 PM
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    giraffe69
    If the property is valued by the surveyor at the price you have offered and had accepted what is the case for you negotiating any reduction?

    With Gas & Electricity it is not common to have certificates (gas safety is needed if you are renting out a property). If you want to assure yourself all is ok commission inspections and keep the certificates. As said above they are for you and you only.
    • Davesnave
    • By Davesnave 16th May 19, 5:15 PM
    • 28,104 Posts
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    Davesnave
    After speaking with the surveyor, he said if they had the certificates they would not have been a 3, but yes, he couldn't test them
    Originally posted by luiza8
    If you have been renting you will have seen safety certificates that a landlord must provide, but it's not the same for owner-occupiers.


    Some people have service records for their gas appliances and others don't.

    It's not usual for a vendor to supply an electrical condition certificate. That's something a buyer can obtain if they feel one is needed.
    'I've suffered for my music, now it's your turn.' Neil Innes, introducing 'Protest Song.'
    • luiza8
    • By luiza8 16th May 19, 5:19 PM
    • 51 Posts
    • 12 Thanks
    luiza8
    Yes, I recognised that in my reply.


    According to you, however, it's not clear exactly what needs doing, so how are you going to negotiate regarding this matter without knowing what it is and approximately what it will cost? You need a roofer's estimate.
    Originally posted by Davesnave
    Sorry, I misinterpreted your reply. I've had 2 estimates from 2 different companies both quoting around 6k for the roof repairs.
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