Valuer recommend Surveyor

Daith

Hi all,

Sale agreed on house. Bank valuer has recommended a surveyor (which I would have got in any case).

The house is an old-ish council house so I'm expecting some work on it. I'm just wondering if I should take the valuer recommendation as a bad sign though?

Moonjet

Standard practice for houses over a certain age (30 years I think). If there's any major issues the surveyor will report them - it's money well spent.

Askthe EA

Daith wrote: »

Hi all,

Sale agreed on house. Bank valuer has recommended a surveyor (which I would have got in any case).

The house is an old-ish council house so I'm expecting some work on it. I'm just wondering if I should take the valuer recommendation as a bad sign though?

Imo, Yes.

I only ever tick that box if I have concerns.

BOI require it for every property over 100 years old but this isnt that.

Can you ask him? H emay have ticked the box by accident?

Daith

Askthe EA wrote: »

Imo, Yes.

I only ever tick that box if I have concerns.

BOI require it for every property over 100 years old but this isnt that.

Can you ask him? H emay have ticked the box by accident?

Thanks, I've a feeling it is an issue with the property. I'm getting the surveyor in any case which would probably end up confirming it or not

Thanks!

Gumbo

All banks recommend a survey, some insist.
What bracket are you in?

Is the bank insisting on a survey or did they simply recommend a survey?

Askthe EA

kceire wrote: »

All banks recommend a survey, some insist.
What bracket are you in?

Is the bank insisting on a survey or did they simply recommend a survey?

One of us is misunderstanding the OP KC, I took it that the mortgage valuer recommended a survey. Thats an estate agent not a bank employee.

Daith

Askthe EA wrote: »

One of us is misunderstanding the OP KC, I took it that the mortgage valuer recommended a survey. Thats an estate agent not a bank employee.

Yes, that's correct, it's the EA/valuer.

Gumbo

Askthe EA wrote: »

One of us is misunderstanding the OP KC, I took it that the mortgage valuer recommended a survey. Thats an estate agent not a bank employee.

Daith wrote: »

Yes, that's correct, it's the EA/valuer.

OK, so the EA that is selling the house and acting on behalf of the home owner recommended a Survey?

If so, then deffo something wrong and the seller wants to make sure he is covered by selling and you get a survey done. If your surveyor doesn't pick up on any problems then its buyer beware as you've carried out a survey.

Daith

kceire wrote: »

OK, so the EA that is selling the house and acting on behalf of the home owner recommended a Survey?

No, no. It's the estate agent hired by the bank who carried out the valuation. No connection with estate agent selling.

Gumbo

Daith wrote: »

No, no. It's the estate agent hired by the bank who carried out the valuation. No connection with estate agent selling.

Person A is selling a house advertised by EA1
Person B is buying the house and his bank sent a valuer out to make sure the bank will be lending on an actual asset. That Valuer recommended a survey.

Ask him if he spotted something that gave him concern?
Eitherway, a survey is recommended on all second hand purchases. I would strongly recommend you get one done whether its optional or required.

Moonjet

When we were buying it was our solicitor who encouraged us to get survey done. Bank weren't too bothered. It was done long before the bank sent their valuer anyway. Bank valuers are not engineers, they mainly look at location, local amenities (schools/hospitals/jobs/etc), size of property, size of site (e.g. is there space to extend to side or rear), parking, number of bedrooms/bathrooms, overlooking green, potential rental demand and what other similar properties in your area sold for recently. That's all I can think of for now. It's not their job to 'spot' things that you wouldn't have seen when viewing the property.
I would recommend asking your bank what is the reason they are insisting on survey?

Daith

Thanks all. I've asked the bank if they could let me know if the valuer was concerned about anything in particular (or the whole property ).

1hnr79jr65

Its €400 to €600 that could save you thousands, do spend to get it, peace of mind is worth it. A previous property i was looking at turned out to be a death trap and was the best money we could spend to avoid.

Daith

Sour Lemonz wrote: »

Its €400 to €600 that could save you thousands, do spend to get it, peace of mind is worth it. A previous property i was looking at turned out to be a death trap and was the best money we could spend to avoid.

Thanks. What's niggling me is that I was always going to get a surveyor and base going ahead on that.

I was just trying to understand it from the bank's pov (notwithstanding the whole giving me a mortgage).

1hnr79jr65

I am with TSB and they also recommended survey before purchase, house more than 30 years old. I would do anyways based on orevious property. I think alot of it comes to things like pyrite being an issue in some places.


Where are you buying?

Is there a history of pyrite there ?

Is property on flood plain as this can affect insurance?

Askthe EA

You're all missing the point.

Its not getting the survey that is concerning the OP. He was going to do that anyway.

Whats concerning him is why the valuing EA is recommending a report, in that he must have noted a significant issue with the property.

Gumbo

Askthe EA wrote: »

You're all missing the point.

Its not getting the survey that is concerning the OP. He was going to do that anyway.

Whats concerning him is why the valuing EA is recommending a report, in that he must have noted a significant issue with the property.

+1
This is my concern also.