Absolutely gutted, our buyers survey has found Japanese Knotweed in our gardenWe didn't have a clue what it was, in fact it's right outside our side window and we just thought it was a plant! We've had an expert out who has identified it next door too, it's along the boarder of the houses and therefore impossible to determine which side it originated from. Our buyers lender wants a report doing and it eradicated. Due to where it is, the expert has advised using a herbicide treatment at the appropriate times of the year for the next three years and they provide a 10 year warranty (they're part of the PCA). Apparently the buyers lender will be satisfied with this and so far, the buyer still wanted to go ahead. The report had been sent to their solicitor and now the buyer wants to get their solicitors advice on whether to go ahead our not. This is completely understandable (I'd be put off!) but where does it leave us? The house was up for sale for £244,950 & we accepted the buyers offer of £237,000 within 24 hours of being on the market - we had lots of other interest too but stopped viewings after accepting the offer. We offered a £5000 reduction to the buyers as a gesture of goodwill after the knotweed discovery so we are now selling for £232,000. If the buyers do pull out & the house had to go back on the market, does anyone know how much the Japanese knotweed will effect the price of the house roughly? I've read every scare story on the internet about houses becoming worthless due to Japanese knotweed but I've also read that lenders are becoming much more accepting now if management plans are in place. Does anyone have any experience of this?
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Buyers survey has found JK in our garden :(
12 replies
Whereareyouscooter · 28/05/2016 18:50
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