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Surveyors - advice please

(7 Posts)
macca08 Wed 06-Aug-08 16:28:15

Has anyone had a house sale fall through because of a surveyors report? What would make you withdraw from a sale from reading a surveyors report? Would subsidence worry you if it happened a few years ago, was fixed and is now is OK? We're terrified in case this happens to us as we so desperately want to move out of London as DP is starting a new job in January. hmm

noddyholder Wed 06-Aug-08 16:31:56

Hi macca I am on the other side.I have had an offer accepted on a house where the one next door was underpinned in the 90s and today our surveyor is doing a more detailed report as often when a house is underpinned the neighbouring properties foundations can be disturbed.If the report comes back showing subsidence we will pull out.If it shows historic movement that has not progressed we may proceed with a further £ reduction.We don't want to do the work our selves .Does yours have subsidence?

macca08 Wed 06-Aug-08 16:34:07

It had slight movement under a front bay window. We had brought the property that had a willow tree in the front garden, the insurance company removed the tree and it has been fine since.

noddyholder Wed 06-Aug-08 16:34:57

That wouldn't put me off.Do you need specialist insurance for it now

macca08 Wed 06-Aug-08 16:40:21

No, we don't need specialist insurance. That's good that it wouldn't put you off. Let's hope it doesn't put our buyers off as they've already had a reduction and we can't afford to go any lower.

noddyholder Wed 06-Aug-08 16:43:18

My dp has said if ours comes back showing movement and the only way we can insure is to take over the current owners insurance it is all off as this would put off other buyers if/when we sell.

LIZS Wed 06-Aug-08 16:46:24

think it depends on the property. First time buyers on a tight budget are probably goignot get scared off more easily.

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