Hi there.
Im buying a house that has had a roof leak identified by surveyor. The seller (seemingly not insured for this) will agree a discount and I’ve arranged roofers to quote for repairs.
What is reasonable to expect seller to pay for, via retention or price reduction? Some internal work I would have done anyway and already got £25k off (5%) pre survey.
I love this house, perfect size layout and location, and knew it would need fully redecorating but wasn’t expecting anything structural. I am however prepared to walk away.
3 bed 1300 sq ft 1930s semi
Survey has identified:
Cracked main roof
Main roof not underlined
Moss-filled, cracking guttering
Too few downpipes
Water damage to some ceilings and walls, requiring replastering, not present when I offered (I took hundreds of pictures when viewing)
Condensation around windows (not present before etc)
Damp on most walls
Yes, it’s a wreck, which is why my offer price was about 75k-100k below similar houses on the road that are fully renovated.
The question is how to structure the cost sharing for the issues that survey identified in order to proceed?
The roof leaks I didn’t see and didn’t expect.
I discovered they occurred last year and the seller did not disclose this on their seller information form (naughty) so I would have had a compensation and damages claim if this had occurred after completion. My solicitor says seller absolutely has to fund repairs to roof.
But how much of the post-offer internal caused by leaks should seller also be responsible for?
Of course ‘should’ is academic. They can decide not to sell.
But what’s a reasonable amount for me to accept before I walk away?