Need to drop offer after survey - how do we go about this?

[BetteDavis01]

Hi all - the survey has shown up loads of expensive work and we need to drop our offer to reflect that. We cannot afford to pay the current price we have offered and complete all the work.

My question is- how do we go about it and any tips on how to be successful?!

Do we go straight to the Estate agent or do we need to inform our solicitor as well? This is my first purchase so I'm just not sure what I'm doing! I don't want to get on the phone and sound nervous and unsure of myself. We need to reduce offer by 10k.

TIA

it then seems unfair to suddenly want to drop it

I think it is completely fair when you would have made a lower offer had the problems shown up at survey been known at the time.

In the OPs case, I think she may struggle with the kitchen and also with the wiring. If it says the house needs urgent rewiring due to unsafe wiring then yes but most houses will require the wiring updating to "meet current safety regulations" as the regulations change so often.