I've just had my second lot of buyers pull out due to the survey saying there is evidence of structural movement. A third lot (in between the other two) pulled out due to redundancy and they had nothing flagged in their survey. When I bought the place 6 years ago the survey was fine too.
It's a ground floor purpose built 1900s half a house flat. It has had reparatory work done previously for movement, I have no idea when but there is a big metal plate on the outside holding the wall in.
Clearly I need to do something to be able to sell. What should I do?! I guess get an expert structural report and then do any work they recommend- hopefully insurance will cover this?
I'm in SE London.
I'm willing to take a hit on the sale price if that were a possible solution. I sold for 450 but could go as low as 420 if someone would just take the bloody flat off my hands! Would the we buy any house websites etc be worth contacting? Or putting the place up for auction?
I can rent it out and still proceed with my onward purchase so maybe I should do this instead and aim to sell in the next year. I don't want to be a landlord longterm.
Anyone else been in this situation? I'm lost and flailing.
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Evidence of structural movement in survey- what to do? I'm the seller.
22 replies
NoPlanYet · 01/04/2016 08:49
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