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That house that was SSTC? It's back on the market today :o

13 replies

poppyboo · 27/11/2012 13:51

Do you remember the thread I started?
www.mumsnet.com/Talk/property/a1614549-Question-about-house-that-is-sold-SSTC-that-we-viewed-10-weeks-ago
Going into estate agents to read survey as that's the reason they pulled out.
Still Shock

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specialsubject · 27/11/2012 14:47

gosh!

however I wouldn't get too excited, to pull out after a survey (rather than just offering a lower price) indicates there might be something nasty in a place other than the woodshed.

completely intrigued though..

GreenEggsAndNichts · 27/11/2012 16:02

I'm surprised they are allowed to share the survey with you?

Nice of them, though. I'll be interested to hear what's wrong with it, now. :)

GalaxyDisaster · 27/11/2012 16:06

I would disagree with special actually, unless you are talking about a fairly new house. A lot of purchasers have no understanding what the survey on a 100 year old house will read like (basically, it will long and is likely to read a bit as if the place is falling down!). Or expect to have no ongoing maintenance and spending.

We have sold a Victorian house and bought another one recently. We had a sale fall through 'because of the survey' and our vendors had a sale fall through 'because of the survey'. In neither case was the survey actually anything out of the ordinary for houses of the age. For example, ours said some traces of woodworm. Well, traces of woodworm all sounds v v alarming in the report. But it had been treated years ago and there were no ongoing problems. And pretty much every 150 year old house has had it or will get it. Etc, etc.

specialsubject · 27/11/2012 18:11

hadn't thought of that, Galaxydisaster - but yes, does ring a bell with the last two houses I've bought. Had the survey done, read it, asked around about the detail and then all was good - that included woodworm that clearly had happened years ago and was long gone. Sold one that the buyers' surveyor had classed as practically fit for demolition - we took the buyer round and showed him all the mistakes.

and yes -surveys are usually confidential to the person commissioning them so it is unusual that you get to see it.

GalaxyDisaster · 27/11/2012 18:25

Yes- would agree they are normally confidential. However, in one case I know the buyers put the survey down on the desk, said 'we are pulling out' and ran out of the office. I think the agents then felt it had been disclosed to them!

poppyboo · 27/11/2012 19:10

About the survey, EA had a photocopy which I think he had been given when the buyers were to trying to re-negotiate and were saying I want more money off because of x,y and z and here is the proof in the survey etc, even though the survey said it was a fair price and basically old houses need work etc. the buyers didn't want to believe they couldn't get more money off agreed price. We weren't allowed to take survey away, but allowed to read it.

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poppyboo · 27/11/2012 19:11

...and the survey was long too Grin

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GalaxyDisaster · 27/11/2012 19:28

Sounds like a pretty typical collapse of a purchase in this market TBH.

We had issues in offers with people wanting to 'double discount'. We had one guy who wanted to do a lot of work on the kitchen and so said he was knocking £25k off the asking price to give him a budget for that work. We said that, funnily enough, the house had been priced based on the current state of the kitchen and that we weren't going lower on that rationale (we weren't hanging on for asking price, just not taking that much of a hit).

There seem to be similar issues with surveys. People act as if the house has been priced as if it were a hypothetical show home, not for its current state. So they think that they can get massive amounts of money off for things that are blindingly obvious when you walk in the house. Yes, negotiate money off for damp or woodworm. But if the windows are clearly old, draughty and in need of replacement, it astonishes me that people think that they can knock off the cost of a full set of replacement windows.

Of course people need to be realistic in this market and pitch their asking price right, but I think some sellers have got quite cocky about offering high initially and then shaving the price down based on the survey. That or first time buyers are buying bigger, more complex properties (having had to wait longer and so never buying that one bed new build flat) and are quite naive on their first purchase.

poppyboo · 07/01/2013 13:39

We bought the house! We exchanged contracts today, I can't believe how quickly it all went through :o

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noseynoonoo · 07/01/2013 14:03

yay! Congrats!

poppyboo · 07/01/2013 14:07

Thank you!

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specialsubject · 07/01/2013 16:51

excellent news! Are you going to tell us what the issues were? (purely because I am incredibly nosy!)

wishing you well in your new home.

poppyboo · 07/01/2013 17:45

Special just sent you a PM

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