Sold as seen up to a point though? You cannot "see" everything when making a bid, and hence certain things only come to light post-survey e.g. we couldnt get into the attic during the viewings so had zero way to know roof had issue until survey was done.Also it's my experience that unless it's something exceptional or relates to planning etc that houses are sold as seen.
1. Servicing of the oil boiler.
2. Replace the broken glazing unit to the rear window.
3. Repair the fire back to the fireplace.
House is old as regards year of constructor but is quoted as "turn key" in the advert, which it is in that you could live in it tomorrow, and it was recently redecorated inside. Roof isnt obviously defective, in that you cant see a gaping hole from the road, however it just looks a shabby/worn. House is in region of 300-400K, and as I said it was 30K over asking. Hence if I had to put another 15K into the roof alone, I feel a bit screwed. I believe there is some saying about in house buying, both parties need to feel they are getting a good deal.....
Yep I agree, by sold as seen in meant you buy it with the knowledge you have from viewing and surveys etc unless it's something are required to revealSold as seen up to a point though? You cannot "see" everything when making a bid, and hence certain things only come to light post-survey e.g. we couldnt get into the attic during the viewings so had zero way to know roof had issue until survey was done.
Thanks, this is my exact approach. Hoping common sense will prevail, on both sides.Your case is obviously very different, get the repair quotes in and ask for price reduction to the value of the repairs, seller will be more than likely reduce price.
So, what's your plan B if he refuses to allow anything? I have a feeling that's what will happen.Thanks, this is my exact approach. Hoping common sense will prevail, on both sides.
I like your optimismSo, what's your plan B if he refuses to allow anything? I have a feeling that's what will happen.
The surveyor indicated that the roof has issues including some leakage and needs to be addressed immediately. We are getting in couple of roofers to estimate the repair work over the next week.
However, they have estimated (purely based on PDF with images from surveyor) cost varying from 5K up to 15K.
These should have been obvious from the BER rating, and should have been questioned in advance of the offer (in my view). If the house had a C2 rating and did not make sense, then it would be reasonable to ask before going sale agreed.There are similar issues as OP re: boilier, single glazing etc but Im not too concerned about them.
I genuinely think you have to be willing to walk if you get no movement on an issue you raise based on the engineers report. It needs to be material enough to consider losing the sale over and walking awaySo, what's your plan B if he refuses to allow anything? I have a feeling that's what will happen.
This is irrelevant. Asking price is what an estate agent values the property. The true value of the property is what someone is willing to pay for it.Being an optimist, however, even if the repairs came in at 15K and the seller took a bath on that, they are still getting 15K over the asking price
These should have been obvious from the BER rating, and should have been questioned in advance of the offer (in my view). If the house had a C2 rating and did not make sense, then it would be reasonable to ask before going sale agreed.
I genuinely think you have to be willing to walk if you get no movement on an issue you raise based on the engineers report. It needs to be material enough to consider losing the sale over and walking away
This is irrelevant. Asking price is what an estate agent values the property. The true value of the property is what someone is willing to pay for it.
The difference in this scenario is the price of 430k (for the sake of argument) was based on no issues being identified in the engineers report. The engineers report has highlighted that there is potentially 15k of repairs needed. Is the house worth 445k to you? If not, are you willing to be 435k/440k etc.
If you decide you are willing to pay a maximum of 440k and the repairs bill comes in at 5k, you are the one who should feel you have gotten a 5k discount on the house. I know this is hard to do, but its about what you value the house to be worth
The first question you have to ask yourself is how much you are willing to pay, including any repair work on the roof. Anything above that, you need to walk away. If the quote comes in below that, you have to consider if you want to raise it to them and risk losing the sale.
Yes they could be. All depends on what they knew in advance, if anything.Perhaps they are doing just as much mulling over this as I am, and are fretting that I may pull out, who knows.
With whom should we be we be re-negotiating - via the estate agent or our solicitor?
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