Meet the Other Phone. Protection built in.

Meet the Other Phone.
Protection built in.

Buy now

Please or to access all these features

Property/DIY

Join our Property forum for renovation, DIY, and house selling advice.

Buyer pulled out after survey

26 replies

Lily27 · 22/02/2024 20:47

We are selling a property we owned for the past 5 years to buy a new one. The one we’re selling is an unexciting post war property, and a number of identikit houses in the street and area have sold fairly quickly after listing. First time buyers made an offer and then conducted a level 3 survey which came up with all sorts of worrying concerns, seemingly. When we did a level 2 survey 5 years ago - and I asked the surveyor about doing a level 3 at the time and he said there would be no need - it was mostly fine, no major problems flagged up. I’m so worried now, we’ve made an offer on a property we love - what should we do now? Has anyone had this experience?

OP posts:
autumnleavesandrugby · 25/02/2024 19:41

We’ve pulled out after bad surveys without negotiating- if you’ve not a lot of spare cash other than your deposit the even a significant discount doesn’t leave you with actual
cash in hand to do the work. We could have (and did in the end) get a bigger mortgage for a house in better condition but didn’t have £50-100k in the bank on top of the deposit to do the urgently needed work.

New posts on this thread. Refresh page