We made an offer on a house. We think it's an extremely generous offer and wouldn't have made it if it wasn't for the fact we are very keen to stay in the area.
It is a total renovation job and a very big one at that. Immediate work would be needed just to live in it. Vendor is now suggesting that he might take it off the market to 'fix' the problems - not renovate, fix the problems.
The major problem as far as we can see is damp. On a very big scale. Estate agent is trying to convince the vendor that he is going to spend more fixing than the reduction we've made on the asking price.
I spoke to a friend of mine who is a structural engineer and showed him some pictures of the damp and he actually suggested that we be very careful because the cost of fixing it could well be in excess of what the property is worth even done up. He thinks the damp could go down to foundation level although obviously a survey would be needed.
I'm just wondering if anyone has any experience of properly fixing long term damp issues. To give you an idea of what we are looking at, the following are pics of the kitchen walls - this damage is visible throughout the kitchen, downstairs bathroom and 'conservatory'. There are also mushrooms growing out of the kitchen ceiling - a leak from the bathroom we think - that wasn't fixed.
The other stuff is just the usual black mold found on skirtings which is probably the thing we'd be less concerned about.