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Renegotiating price on boiler?

11 replies

PasturesN3w · 21/11/2019 06:35

Hi following my survey it has identified work needing doing on electrics and gas. The boiler is 20 years old, I knew it would need replacing when I saw the house. The work that needs doing is going to come to £3000 Including the new boiler. Who is responsible for this, the seller or the buyer? Can I renegotiate the price of the house please?

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ABingThing · 21/11/2019 06:49

Does the boiler still work and did it pass it's last inspection?

If the answer to those questions was yes and the boiler was in a house I was selling then I wouldn't be prepared to reduce the price for you.

CatUnderTheStairs · 21/11/2019 06:52

On a £0.5m house probably not. But on say £150k maybe. Always worth an ask. But if it’s working they’ll probably say no.

Mosaic123 · 21/11/2019 06:53

The buyer decides whether they After a survey, the buyer decides whether they still want to buy the house at the price they offered. It is common, but not always successful, to offer less if you then see faults that were not apparent in a previous viewing.

The seller may not wish to reduce the price, the buyer may not wish to buy. It's up to you.

Are you willing to lose the house if the seller will not move on the price?

PasturesN3w · 21/11/2019 06:58

Actually we're about to exchange and survey only just in so may have missed the boat.

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PasturesN3w · 21/11/2019 09:11

Has anyone else renegotiated after a survey? What was the response?

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CatUnderTheStairs · 21/11/2019 09:20

We tried to but buyer wouldn't move. She thought we'd already got a good price as we'd offered £10K under initially which ended up as £5K under.

When we went back after survey saying it required £5K of damp and timber work she said just spent £30K on a new roof and we'd got £5K off already and hers was priced in line with similar properties.

We didn't push it.

But if you go armed with facts and figures and show how much it is there's no harm even at this stage in asking.

MarieG10 · 21/11/2019 10:23

I don't think it is for the seller to do. You buy the house in the condition it is in and the price reflects that. If you were not happy, or not happy now then adjust your offer but you take risks doing that

SpamChaudFroid · 21/11/2019 10:38

It's OK to renegotiate after survey if it highlights something you weren't previously aware of, (I have). It wouldn't be unacceptable to ask for £1500 off the asking price, so splitting the cost of the work that needs doing.

VeniVidiVoxi · 21/11/2019 11:17

The boiler is 20 years old, I knew it would need replacing when I saw the house

Renegotiating after a survey is generally for things that were not obvious. You said that this was expected so it's unlikely that trying to negotiate at this point will be successful. You can try but it depends on the market. The seller will most likely say no, but nothing to be lost (except maybe the house if they massively take the hump) by asking.

PasturesN3w · 21/11/2019 11:18

Yes my thoughts exactly. Good to know thanks Guys.

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SilverViking · 21/11/2019 11:33

If you are about to exchange, I would look on it as being a cheeky move.

The survey often brings up required work that is not essential, or is inaccurate. For example, 2 surveys I have had done... one recorded an incorrect number of bedrooms, said loft was not inspected (even though there was a loft ladder) and recommended rewiring (which the electrician disagreed with).
A second survey on another property recorded damp present in the ceiling and extensive damage to the plasterboard. I got a contractor to inspect before we proceeded and he pointed out there had been a leak at a time, the plasterboard was currently dry, no damage done and just needed painting to cover the damp marks.

The age of a boiler (20 years old) does not determine its function if regularly serviced.

The house was marked as was... and your survey was laye. You could try negotiating a reduction based on any essential work specified in your survey... but at what cost are you prepared to throw away the purchase? How would you feel if you were in the sellers position and this happened as exchange was about to happen?... if you think you would feel it was reasonable to be done to you, then it is reasonable that you try it.

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