We've had an offer accepted on a house we really like in a location we love. We accepted the house would need some work doing, for example, all the double glazing needs replacing, but thought it all looked sound and happy to live in it and make improvements slowly. Our offer wasn't competitive though, we offered just over the asking price as we needed to find somewhere in a hurry and thought it was worth going for.
We've just had the building survey back and there are some aspects we hadn't accounted for (as I'm sure there normally are). The main ones are:
Potentially unsupported chimney breast.
Potentially inadequate supports to the water tank.
No fireproof glass in internal doors.
Asbestos panels in the garage (surveyor actually recommended garage be demolished as there is also penetrating damp).
Flat roof needs replacing on extension.
Garage obviously sold as an asset but surveyor recommended we not even use for storage, so that's a shame.
There's also a small electricity substation at the back of the garden, which doesn't bother me per se, but I'd like to get an EMF survey done before exchange.
I'd like to reduce our offer to account for some of these costs and take account of the resale value potentially not being as high as people might be put off by the substation but I'm not sure how to do it quickly and respectfully. The buyer is keen to move quickly too, he accepted our offer quickly.
Would you knock 50% of estimated costs (I'm amassing some quotes) off revised offer or go for 100% and expect he will meet us halfway? Would you share the building survey?