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To ask for house price reduction following survey?

7 replies

User174099 · 27/08/2022 13:00

Hi,

We are buying a Victorian mid terrace property in England for £475,000. It needs work doing to modernise it, which we accepted upon making our offer. However some issues have come back like windows needing to be replaced and asbestos which we didn’t fully anticipate but can accept with an older property needing modernising, and therefore do not intend to dwell on this.

On the other hand, we have been told we need to urgently remove the cement render from the back of the house as it’s causing all sorts of damp problems internally and it is has blown with cracks. We have had the wall assessed by a masonry contractor who has done a survey for us and the quote is £13,500 to remove the render, re-render in lime and limewash. Our building surveyor advised this work needed completing as a priority and as soon as possible. This is not something we had anticipated.

Our building surveyor didn’t value our property but we feel this is something we might want to go back to the vendor about regarding the purchase price. We are wondering whether to ask for £13,000 off, or maybe half an ask for around £6000 off. I feel very uncomfortable doing this and was very unimpressed when our buyer asked us for £2000 of

OP posts:
Stripedbag101 · 27/08/2022 13:47

You can ask but be prepared for them to say no and decide what you will do in advance.

this will flag for any future buyers and the market is slowing so the vendor may decide is safest to meet you int he middle rather than go back on the market.

people play games at this stage of the sale - but this is a big unexpected expense. You will kick yourself if you don’t at least try.

will you proceed if they say no?

LimboLass · 27/08/2022 14:00

They are unlikely to give you money off for new windows unless they hid the exiting windows when you looked at it. How much interest was there in the property?

User174099 · 27/08/2022 14:02

Sorry for any confusion - I stated that windows and other issues flagged is NOT something I'm concerned about and won't be asking for a reduction based on these. It's purely the issue of the render, the damp this is causing, removing it re-rendering, building regs needed, building control mandating insulation etc that I have had quoted for and for which I am considering requesting a reduction for.

OP posts:
Tippexy · 27/08/2022 14:17

Why have you started yet another thread about this?

User174099 · 27/08/2022 14:19

I posted on AIBU but it's so fast moving I didn't expect any traffic so thought it better here but then I got responses on there. Smile

OP posts:
Stripedbag101 · 27/08/2022 15:33

Hate it when people do that. Wasted my time giving advice😒

User174099 · 27/08/2022 16:16

Stripedbag101 · 27/08/2022 15:33

Hate it when people do that. Wasted my time giving advice😒

I've taken your advice on board. Sorry if you feel it's a waste of time.

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