showing/sending survey and or structural survey to EA?

dev_ire

Hi,

I just got back valuation and survey that raised dry rot, woodworm and some other minor things that were all not expected so I will be looking at re-negotiating the sale agree price.

I am assuming the EA will look for a copy of the valuation report / pre purchase full survey - can and should I give it or should I just show it in person?

Thanks.

Gumbo

It’s completely up to you.

You can state that you’d like to back out if the sale or try agree remediation costs to rectify the problem.

First off, ask the EA aid you can bring in a specialist contractor to price what’s required to fix it and then use that as a tool for getting it fixed or reduced from the agreed price.

dev_ire

kceire wrote: »

It’s completely up to you.

You can state that you’d like to back out if the sale or try agree remediation costs to rectify the problem.

First off, ask the EA aid you can bring in a specialist contractor to price what’s required to fix it and then use that as a tool for getting it fixed or reduced from the agreed price.

I was thinking that but that is more money lost if the decide to go back on the market?

the_syco

dev_ire wrote: »

I was thinking that but that is more money lost if the decide to go back on the market?

If you don't fix anything; you're getting the contractor to price fixing it. You then have this quote taken from the price of the house.

dev_ire

the_syco wrote: »

If you don't fix anything; you're getting the contractor to price fixing it. You then have this quote taken from the price of the house.

That is the plan, hopefully I don't do this and then they say no so its another 100+ euro gone along with the survey/valuation money.

Victor

Any property is likely to have some issue(s).

dev_ire wrote: »

I am assuming the EA will look for a copy of the valuation report / pre purchase full survey - can and should I give it or should I just show it in person?

I would be reluctant to give them a copy. First, I would look to have a second look at the property and bring along someone who can put a price on rectifying the work (and redecoration afterwards). Don't reveal who they are.

After this, raise with the estate agent that your surveyor has raised issues with rot and that the extra costs impair the price you are willing to offer. You may wish to use your surveyor or solicitor to do this discussion.

Never ever reveal the bank valuation to the estate agent, unless it is substantially (20%+) below what is being asked.

dev_ire

Issues were expected and accepted.

I am ignoring electrics, heating, insulation, windows, doors, plaster and piping.

The issues are woodworm, dry rot and dodgy internal restructuring.

Is it not best to negotiate myself based of the survey and follow up specialist survey?

Victor

dev_ire wrote: »

Is it not best to negotiate myself based of the survey and follow up specialist survey?

Have you done this before? The estate agent has.

dev_ire

Victor wrote: »

Have you done this before? The estate agent has.

Would I get the specialist surveyor to negotiate it? Or the home surveyors?

levi

dev_ire wrote: »

Would I get the specialist surveyor to negotiate it? Or the home surveyors?

My understanding is that this is part of your solicitors job. Usually the EA wouldn’t get involved at this stage and that the negotiation would be between the two solicitors if the price were to be negotiated down due to the survey. The EA is then informed by the vendor of the outcome of these negotiations.

As advised, I would leave this to the professionals. They’ve done it before.

dev_ire

dev_ire wrote: »

That is the plan, hopefully I don't do this and then they say no so its another 100+ euro gone along with the survey/valuation money.

100eur is insignificant compared to the price of a property and the costs you could be stuck with if you buy without getting it costed in advance so I'd not worry about it really.

davo10

If the property is in a sought after area, or if there was/is a lot of interest in the property, then prepare to be told that the property is being sold as seen for the price agreed, the seller may not have any inclination to reduce the price for you.

davo10

davo10 wrote: »

If the property is in a sought after area, or if there was/is a lot of interest in the property, then prepare to be told that the property is being sold as seen for the price agreed, the seller may not have any inclination to reduce the price for you.

Yep and you have to keep in mind that the best option might be to walk away.

dev_ire

If the want to sell they can sell. I won't be buying until I see the full extent (or close as possible) of the problems.

Thanks everyone.

levi

dev_ire wrote: »

If the want to sell they can sell. I won't be buying until I see the full extent (or close as possible) of the problems.

Thanks everyone.

I’d be worried if they wouldn’t let you get a builder in for a quote based on the survey. You’re right to understand exactly what you’re getting into.

I do however agree that in the current market, you might find it difficult to negotiate down the price. Unless the vendors are in a chain and this sale falling through would impact their ability to get the house they really want. They may not want it to go back to the market.

dev_ire

dev_ire wrote: »

The issues are woodworm, dry rot and dodgy internal restructuring.

Any one of these would be a serious issue. All three in the same property rings alarm bells.
Make sure you get professional advice on the costs to remedy. And remember that the issues may be much worse than they seem, as the surveyor will not have been able to investigate fully as this would involve damage to the finishes.

dev_ire

Deleted User wrote: »

Any one of these would be a serious issue. All three in the same property rings alarm bells.
Make sure you get professional advice on the costs to remedy. And remember that the issues may be much worse than they seem, as the surveyor will not have been able to investigate fully as this would involve damage to the finishes.

Yes exactly, the next survey would involve ripping up carpet, floorboard and potentially tile.

The wall would require certs legally but would not be too bothered as was going to restructure this anyway but obviously it makes it more awkward now.

davindub

Deleted User wrote: »

dev_ire wrote: »

The issues are woodworm, dry rot and dodgy internal restructuring.

Any one of these would be a serious issue. All three in the same property rings alarm bells.
Make sure you get professional advice on the costs to remedy. And remember that the issues may be much worse than they seem, as the surveyor will not have been able to investigate fully as this would involve damage to the finishes.

Woodworm and dry rot can generally be treated if caught in time, worst case replacement of timbers. I think dampstore treat an attic on a typical semi d for about 300 euros.

Victor

davindub wrote: »

Woodworm and dry rot can generally be treated if caught in time, worst case replacement of timbers. I think dampstore treat an attic on a typical semi d for about 300 euros.

It can get a lot more complicated than that, e.g. if you have timber lintels over doors and windows, need roof repairs of have to treat rising damp.

davindub

davindub wrote: »

Woodworm and dry rot can generally be treated if caught in time, worst case replacement of timbers. I think dampstore treat an attic on a typical semi d for about 300 euros.

Yes, if youre lucky. But in a house like that you dont know what youre into until you start pulling things apart.

dev_ire

Update on this I am getting a more specialised survey that will take up and look at pretty much all wood or at least bits in each room and attic and will go from there.

Already put in a few hundred euros what is 120 more for peace of mind either way.

Thanks everyone.

Victor

dev_ire wrote: »

Update on this I am getting a more specialised survey that will take up

I'm not sure what you mean here, but the vendor is unlikely to allow you to remove anything.

dev_ire

They can let you lift things up, or they can tell you to feck off like always.