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Buyers want to reduce price following survey

27 replies

HuckleberryGin · 19/07/2016 12:19

FTB buying our house. It is Victorian semi. They had valuation report with building society that came out at £1k below agreed price (due to not having off road parking). They have paid for damp and timber report and some extra coal searches due to things found on one search- all clear.

Have now had structural survey which has highlighted issues with roof. Nothing urgent- in the more immediate future need to spend about £600 on replacing some slates. Then long term will need more work doing which will cost £6k. The valuation of this is £5k below agreed price

Buyers have emailed estate agent saying they want to reduce price by £5k because of survey findings of roof. My instinct is to say no. Partly because nothing mentioned about roof is urgent or dangerous. It's an old house, it will need a new roof at some point. But that might not be for 5+ years. Estate agent agrees.

Any advice?

OP posts:
HuckleberryGin · 20/07/2016 20:34

We can't exchange yet, cos they aren't ready to exchange on house we are buying. Don't you have to do that together?

OP posts:
MiaowTheCat · 21/07/2016 10:33

This reply has been deleted

Message withdrawn at poster's request.

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