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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

to drop the price?

5 replies

arielmanto · 02/04/2019 13:09

We have made offer on a house and had it accepted. It's a buy to let, so we're not overly emotional or attached to it, but we like it.
Seller has no FENSA certs for new windows and no building reg cert for conservatory/lean to. He says they were there in '07 when he bought it. He has agreed to an indemnity policy to cover these instead.
Our lender did a survey and requested a further damp & timber investigation. Once carried out, lender was satisified nothing sinister was going on and is happy to proceed. However, D&T survey says one wall needs damp course in it for cost of £2k.
Partner wants to now say we will pay £2k less to make up for this. I am unsure as I think if lender hadn't pushed for the D&T survey (which ultimately made no difference to them agreeing to lend) we wouldn't worry about it.
Is it bad form to drop offer in light of work needing to be carried out? Given the seller's lack of interest in certification for wondoes wtc when he bought the place I don't think he'll be thrilled at this.
FYI we made a very fair offer, we didn't take much off asking at all, and we're buying with tenants in situ.
Help, jury!

OP posts:
Horsemenoftheaclopalypse · 02/04/2019 13:15

Depends how much interest there is and what the total investment price is £150k probably.

£400k I wouldn’t bother

arielmanto · 02/04/2019 14:04

It's minimal - there's been no other interest for months due to tenants in situ, and it's around £90k (!)

OP posts:
MeredithGrey1 · 02/04/2019 14:36

Is it bad form to drop offer in light of work needing to be carried out?

Not at all, that's part of the reason to carry out a survey in the first place. I imagine its the kind of thing that gets negotiated about in plenty of house sales. But I'd view it as a negotiation and probably wouldn't expect him to agree to the whole £2k, but you might meet in the middle. We're in the process of selling our flat and buying a house, and when our buyer had a survey done, if it had shown anything expensive, I'd have expected a call about the price. In my head I almost didn't view the offer/price as finalised until she'd had the survey confirming it was all fine (but maybe I'm just a negative person!)

Do it soon though, don't wait until you're nearly at completion and then tell him you're not paying full price.

Horsemenoftheaclopalypse · 06/04/2019 08:54

I’d haggle

FrowningFlamingo · 06/04/2019 10:13

Our buyers did this to us. I absolutely hated them for it but we met them halfway eventually.

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