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Homebuyers report from surveyor

11 replies

stanausauruswrecks · 21/05/2011 17:13

Our buyer pulled out this week owing to personal problems. He'd had the homebuyers survey done, and has sent us a copy of the report. No major problems identified,in it.
How would you use this info to your advantage? I think that we should print a copy for prospective buyers to look at,so they know that it's all good,DH thinks we should sell it to them Hmm
Would appreciate your thoughts!

OP posts:
supadupapupascupa · 21/05/2011 17:16

as a buyer i wouldn't trust that kind of information from the seller, sorry. I would always pay for my own to be done.

bemybebe · 21/05/2011 17:21

Some surveyors do not allow their reports to be passed around and can come after your buyer or even you, so I would check this out before offering it free or for sale.

When I buy a house I NEVER buy any reports from the seller as it is an interested party. What is more, I probably would never read any reports from the seller if offered, I do not want my opinion clouded by details that may not be accurate. I always commission my own reports.

berries · 21/05/2011 18:51

As a buyer, i would be interested, especially if you explained the circumstances. I'd still get my own survey done but it may make me more comfortable making an offer, and you'd be less likely to get someone who then tries to drop the price on survey grounds.

stanausauruswrecks · 21/05/2011 20:36

Blimey!
I think I must be really naive Blush I'm really suprised at your responses, Bemy and Supadupa. It is a proper RICS report, so don't see how it would be inaccurate informationConfused. As it was written for our ex-buyer, surely it would if anything be biased against us?
My intention would be that the potential buyer can see it, and know that the house is sound, and they're not going to spend £500 on their survey only to find major problems which mean they don't proceed and have "wasted" £500.(It's not intended to replace their own survey). Our house is typical first time buyer material,and I just thought that with all the expenses one has to pay out, it would perhaps make the decision to buy our house a bit easier IYSWIM?

OP posts:
bemybebe · 21/05/2011 21:09

That is absolutely finestana, everyone has their own ways of doing things. I am just sharing my experience, not vast, but I do usually have two properties (mortgage free) on the go, so it is always my own financial risk, not share with the bank. Btw I am not saying the surveyor will be misleading deliberately, but "buyer beware" is very true about house buying, so relying on independent advice is critical.

There will be plenty of people out there to buy the report I guess, so you are welcome to try and sell it to them. Wink Just check the terms, my surveyors were always clear that their reports are not for sharing with the third parties.

bran · 21/05/2011 21:20

This reply has been deleted

Message withdrawn at poster's request.

bran · 21/05/2011 21:24

This reply has been deleted

Message withdrawn at poster's request.

MovingAndScared · 21/05/2011 21:45

Well the 2 houses I have sold - neither buyer did there own survery just had a valuation - I don't think you could sell it but you could offer it to people and if I was a buyer I would read it

Anifrangapani · 22/05/2011 07:27

A survey is a professional opinion of the value of a property on a given day it is not a property condition report, unless specifically stated. The sureyor will name the person for whom the report is carried out. This is because if it turns out wrong then there will be professional indemnity insurance in place so the named person on the report can sue for damages.
The reports cannot be shared with an unconnected party (sold or given) without running the risk of them basing their buying decision on that. If at a later date they found a defect that had not shown up on the valuation the could sue you.
There are also intellectual property rights attached to the suurvey so the surveyor will also be in a position to claim if he found out that it had been sold on.

Pendeen · 22/05/2011 10:49

I'm not a surveyor but I have fairly frequent dealings with them and I think Anifrangipani is quite right.

If the Homebuyers report was prepared by an RICS member then you cannot sell or disclose it's contente to a third party without the surveyor's consent because of their professional conduct rules and insurance restrictions.

gettingeasier · 22/05/2011 12:39

I would look at it but certainly wouldnt "buy" it and tbh would find it offensive if that was suggested to me.

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