We are in the process of buying a house that we love and hope to move by 4th Nov as everything's pretty much sorted from a mortgage / legal point of view on all sides. We initially had a mortgage valuation survey which went fine but we also did an independent structural survey which only happened last week. This has revealed a fair bit of work to be done - more than we expected. The priorities that the surveyor has said need to be addressed are: damp / woodworm / repointing / new windows / roof repairs, all of which come to c.£25k to fix (based on our surveyors' topline estimates).
We have today gone back to the estate agents asking the sellers to reconsider the sale price to take this into account - we aksed for the full £25k off in the hope they will come back with a suggestion to meet us half way (original purchase price was £405k for some context).
What do you think our chances are - have we been too bullish in asking for this money off?
We love this house and are desperate to move. We've built up a good relationshiop with the sellers themeselves as this whole purchase process has taken what feels like forever to come about, and now we're pooing ourselves that we have been too harsh.
In theory some of this work could wait - I reckon the damp and woodworm should be fixed asap, especially as the house is currently vacant so these jobs could be fixed before we move in, and collectively that probably comes to c.£15k.
Anyone got any advice from being in a similar situation?!
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Reducing price after a structural survey - what are our chances?!
20 replies
lisbapalea · 11/10/2011 15:00
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