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can you sell surveys on?

4 replies

curryeater · 28/02/2013 14:28

We pulled out of a house purchase after getting a survey done. We've paid the solicitor to do the searches and he said that sometimes to you can sell them on to another buyer, as they are valid for 6 months.
Does anyone know if you can do similar with surveys?
Obviously the new buyer's lender will need to do their own valuation, but we had a Homebuyers Report done as well.
Is this an insane idea?

OP posts:
mermaidbutmytailfelloff · 28/02/2013 14:37

Read the terms and conditions. Probably not.

BobbiFleckmann · 28/02/2013 14:42

you can sell the report on of course, but the benefit professional indemnity insurance that you buy as the person instructing the surveyor will not pass to your purchaser so it's of much, much reduced value. If it does highlight something that needs specialist attention then someone buying the report from you can instruct the specialist & get their insurance, however if it says the house is all fine but it turns out to have dry rot / rising damp / a missing RSJ, then the person has no recourse at all against the surveyor.

noddyholder · 28/02/2013 15:24

Yes I have several times. You need to let the agent know so that i they get an interested party they can tell them there is a survey available at a reduced price. I usually half it HTH

curryeater · 28/02/2013 15:26

Thanks!

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