Walking away after a bad survey, have you done it?(40 Posts)
I'm on buyers support thread, lovely people but am casting the question wider.
Major but fixable problems with survey much to my horror, basically the roof and drains. In the region of 12k. There is also a suspicious crack that the surveyor says a structural engineer needs to inspect. You could feel the draught from outside. Very probably drains related.
Estate agent says he knows vendor won't move on price, it was on for a decent price but not based on needing any major work at all. One of the reasons it was right for us was it was it didn't need anything doing to it.
We have been looking for a house for months, we are not selling so no pressure there. Both DH and I went our separate ways and in the evening laughed when we got together because we had both been back on rightmove in the afternoon. We really liked the house but not so much with all these problems revealed.
We walked away from somewhere when our surveyor said he quite clearly saw dry rot in a corner of the cellar and felt movement in the joists above. Vendor got a "specialist" tradesman round to look at it who said there was no dry rot. We trusted the surveyor as the risk was just too great and there was other work that needed doing. Almost immediately afterwards we found a much nicer house.
I think you really have to love a house to take on the kind of thing your survey has found. It's not just the money, it's the mess and hassle and not knowing what other dodgy stuff has gone on.
We had a surveyor around to look at a crack prior to putting in an offer. The agent kept swearing it was cosmetic and we loved the house, but our "gut" had suspicions.
Interestingly, the agent never asked us about the survey - I assume he knew it wouldn't be great news.
Interestingly #2 the house will be back on the market in summer apparently (it didn't sell last year) after (according to gossip) structural issues are resolved.
Interestingly #3 the next week he agent phoned me up about a similar house down the road. He knew we were seriously looking. We put in an offer before it hit the open market and I'm sitting in it right now so for us having the surveyor around was worth it.
Walk away or reduce your price.
I'm a property lawyer and have had quite a lot of clients walk away because of bad surveys, over the years.
If you can deal with getting the work done (and living in a house with major works going on around you is NOT for everyone, it can be awful), and want to reduce your price, then do offer to show the seller the survey or at very least, the relevant bit - it's proof you aren't pulling a fast one.
I once knew someone who had a very old house. Buyers surveyor went around and decided that despite the house having stood for 500 years it was in danger of collapsing. Buyer then paid for a full structural survey. £600. The structural surveyor came around, had a chat about how much money he was earning because surveyors couldn't do their job, had a cup of tea and had a quick glance in all the rooms then left after 20 mins.
The house has been bought and sold several times since and is still standing.
I pulled out after a survey showed that the loft room had been created by chopping off joists in the roof so it was spreading outwards. Also woodworm, and wall ties needing replacing, chimney needed rebuilding etc.
It was a lovely house, but I wondered if someone had been so stupid as the cut the roof supports away, what had they done elsewhere? The vendor would not budge on the price, and so no chance of sharing the costs to rectify the above.
A bad drain survey would probably see me vanish too.
We were about to offer on a house once and got a call from the surveyor we had engaged. He told us he'd looked quickly from the outside and could tell there was subsidence without doing the survey. He charged us £75.00.
Oddly enough we engaged him for the house we eventually offered on and he gave it a clean bill of health. There was a touch of dry rot at the corner of a skirting board - a leaky downpipe was the culprit but it had been a dry summer. It cost £9,000 to put right in 1995 - half the floorboards had to be replaced as well as half a bay window and we claimed on his insurance. It was all very amicable, we still exchange Christmas cards and he did the full survey on our present house and recommended architects .
We have withdrawn our offer, it is sad but I don't want to buy a house that needs an entire new roof for sure in the very near future. Because even if they reduced price who wants to live in a house undergoing major work. Sometimes you don't have a choice but we did.
We had a dodgy survey back on a house we really wanted. It was up for 150,000 and realistically worth about 105,000
We just walked away because it wasn't realistic.
I wish our surveyor had noticed someone had cut through our roof joists and that our house was spreading. We only found out when they took off the old loft conversion and spotted the walls peeling away from each other.
We discovered cut roof trusses in a new build. They'd made them the wrong size and couldn't be bothered to remake them, so they'd just cut them to fit.
You have done the right thing by walking away. We did the same after a survey showed that a communal drain serving several houses that ran under an extension had collapsed necessitating the drain being manually cleared once a year. Can you imagine having to deal with that annually, at your own cost, knowing that several properties depended on you?
It broke my heart at the time as the house was ideal in all other respects and this was in 1999 when property prices were skyrocketing and houses were being snapped up almost as soon as they came on the market. Also, I was pg with no 3 and we were trying to move as my husband already had a job in the area and was commuting vast distances every day to get to it. All good reasons to grab any house at all, it seemed to me. But the bottom line is, it would have been an awful burden, we would not have been happy doing it, there was no alternative repair within our means, and - and this is the point that you should always consider when buying a property - it would have made it very difficult to sell when we came to it.
In the end, we bought a less attractive house nearby which was ok, we lived there 5 years, but was nothing like as nice as the house we walked away from (but problem free!)
"Both showed evidence of subsidence, and in both cases the vendors were 'surprised'."
In a lot of cases the vendors wouldn't know. Unless it was obvious or the vendor was a surveyor how would they know? When we sold our last house the surveyor noticed a couple of minor problems that we wouldn't have known about. Luckily the buyers were kind enough to point them out to us. We had them rectified and the sale was successfully completed.
We walked away when the survey showed lots of small problems in the house itself but also major subsidence in the garage which was at the end of a communal block opposite the house. We couldn't knock the garage down because it was connected up to the others and the subsidence was being caused by a big tree on an open space next door. It all got too complicated and potentially expensive so we pulled out.
hi yes we have walked away twice after surveys
once was when there was major subsidence and once when we were looking for a holiday cottage and the allocated parking was nothing of the sort and there were also other issues.
a property is a massive investment and we would avoid anything major.
We would have been back on rightmove too!
We have seen another house on rightmove, we alway admired but it was a out of our price range by 30k. It has been reduced by 25k, we are going to chat about it tonight. It is at the top of our price bracket.
Popped in to building society today our mortgage in principle still has almost two months on it so we may go and view this house. It is quite a lot bigger than the house we were buying and it is about 2.5 miles away from DS school and the other was round the corner.
As an aside a friend of a friend told me his FIL lives very near the house that we have just pulled out from and both his house and one neighbours have sunk a couple of inches in the last few years!
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