To take house off the market after a survey?

[lboogy]

Surveyor has been round but since I can't find anything in this market I'm thinking of not moving at all. What say you?

I'm in London by the way

I feel bad for the buyer since they've spent the money on a full home buyers survey, probably 8-900£.

It’s happened to me. The seller paid for the survey and searches and kept the paperwork. Certainly softened the blow.

This is more of a moral issue. If they did a survey then I’m sure you were quite far into the process. I’d probably pay for their survey.

My mum is in the buyer's position right now and it's horrible, she's desperate to move but being strung along, I would do what the pp had.

A friend of mine did this, she had to pay for the survey the buyer had undertaken.

Also depending on how long it's been on the market, you may need to pay estate agent fees.

Ah, okay. I don't mind paying for the survey . Thanks everyone

If you are pulling out I'd pay them for the survey too. So unfair that people can let others fork out money in the hundreds of £ to buy and house, then pull the rug out from under them.
Our system needs serious reforms.

That happened to us after we paid for a survey on our potential forever home- we were heartbroken & out of pocket...

My parents are selling and their buyer pulled out after survey. The survey company said they couldn't buy the survey as there was no contract between them and the survey company so if things were contested in future it would be a difficult area. They offered to do the survey for the next buyers with a third to themselves, a third to the original buyer and a third to my parents/the new buyer.

Better to pull out of the sale than buy the wrong property.

Chains do collapse, you aren’t under any legal obligation to sell or refund the survey fee.

But you won’t be popular OP! Offer to refund survey perhaps.

OP, can I remind you that as well as the survey expense, they've paid mortgage arrangement fees that may no longer be valid for a different property, solicitors fees and search fees. They're all either paid or due and payable whether the transaction completes or not. They may be similarly obligated to pay a survey expense for any buyer they're letting down. The survey is not the be-all and end-all thought it may be the single largest cost.

They buyer should never have arranged a survey until you had found a house... they were too eager... you are under no obligation to pay for it morally or legally, they should have waited

Setting aside the impact on you're buyer. I'd think carefully about pulling out, depends very much in your personal situation, but you will be a very attractive buyer for your future home if you have already sold. In addition, you'll have locked in the value of your home, whereas if you go back on the market in a couple of months/ year or so, god knows where the market will be.

You have to factor in the cost and hassle of renting but it seems this would easily wash its face in potential savings made by being an attractive buyer.

Our seller nearly pulled out 18 months ago. We would have gone ahead with our sale. If we hadn't, we would still be stuck in our old house and probably looking at 50-100k less if it did sell.