I am in the process of purchasing my second house. My first was very straight forward, we were first time buyers and bought a new build so luckily, no chain and no real issues. However 5 years on, we've sold this property and I have had an offer accepted on a property thats around 30 years old.
In May this year, I very sadly lost my father to a sudden heart attack and i am very close to having my second baby. So it may be that emotions are running high- I relied on my DF for a lot of advice and reason and Ive obviously lost that hence I'm looking for others opinions and hopefully advice on some concerns Ive got about this property.
My DH and I made the decision to move nearer to my mum in a nearby (more expensive) area which is also nearer to my DH's work and cuts down almost 40 miles of commute A DAY!!!. We sold our own house quickly for asking price within 48 hours and then started looking for something.
We viewed a few properties that didn't come close enough to the mark at around the £425k area. We were so disappointed that none of them seemed to be that suitable and there was only 3 that were worth viewing. They had various issues with them, the first being on a very main road, rooms too small and terrible schools. The 2nd being in a very quiet village with no amenities and needing a lot of decorating. DH hated it too. The 3rd house is great, large reception rooms, bedrooms, near to a great park for our children and in a good area for schools. We viewed it 48 hours after it came back on the market. I was worried that someone else would snap up as they had previously accepted an offer according to the EA for the asking price, we didn't want to muck around and offered the asking price (I since realised that the EA is under no obligation to tell us the truth about previous offers). I appreciate I might have been a bit naive here but there was nothing as nice on the market at the time (still isn't) so we went straight in and it was accepted. They are keen to move as their previous buyer fell through as apparently they wanted to put a stairlift in and realised it would be too much.
A week later and after discussing the property at length (my DH makes no decisions does no research and leaves it to me) I've identified a few issues.
- I took my mother to view the house and she also viewed it with my DH later on that day. She liked it and encouraged us to buy it. However now she's admitted (now we've made an asking price offer) that during the viewing the vendor told her (but not my DH or I) that the boiler needs replacing (its the original) and that there is a problem with the conservatory in that they don't have a door separating the conservatory from the house and theres a problem with the heating in there which apparently means its against building regulations she told DM that I could get an indemnity policy to cover it. Part of me doesn't want an indemnity policy....is it unreasonable to ask them to reduce the price for it to be put right? i don't know, Ive never been in this situation before and my DM isn't able to advise me.
- Ive since done a bit of research and discovered that the garage conversion into a study might not meet building regs. They haven't got an external window, only one into the garage and the room does smell of petrol (they keep a car in the garage and the owner is a bit of a petrol head). I called the EA post offer to double check and she said that the vendor didn't know but the previous owner had done it and he was an architect so it must be and also...i could get an indemnity policy.
My DM thinks it might be a fire risk (thanks mum for pointing that out before I offered!) and if thats the case, what good is an indemnity policy if my family are at risk?- is it unreasonable to ask them for it to be made good or to drop the price? The vendor's EA suggested i change my lender if they are being 'fussy'.
I have no issues paying the asking price. But I was naive and inexperienced and didn't realise that these things were all issues. Yes I am a bit stupid - everyone seems to know so much more about buying a property than me.
Theres a property that sold in the same road for £25k more but has an extra bedroom and none of these issues with it, it would seem. this makes me think maybe I should have haggled a bit more.
If anyone has got any advice id be very grateful. Im feeling a bit lost at the moment!