14 Aug 2018 15:06
Here's what the survey said:
The light fittings have been poorly fitted and there are areas of loose trailing cabling and the cabling
within the loft is very much loose and effectively dangerous. The BT boxes hidden beneath the shelving
in the front hallway have a large amount of loose wiring which should be carefully isolated and removed
and the electrical fitting in the cupboard in the ground floor WC have areas which have been taped up
and generally the layout is poor. There was also noted to be a plug socket within reaching distance
of the sink which is dangerous and should be removed. You must engage the services of an NICEIC
electrician to fully test the system and give you a quote for necessary remedial alteration works.
14 Aug 2018 15:14
If it was me I'd probably knock off the bathroom in your revised quote. Clean it up when you move in and live in for a while. Either save up the money to do it or put it through on insurance if you can. Leave all the cosmetic stuff out of the revised price.
On the locks, I'd tell them that if they have ended a tenancy they have no idea who or how many people still have keys to the property and therefore for peace of mind they should be changing them.
14 Aug 2018 15:16
Also if the house is of the age it sounds, you're probably going to have to have a new fuse board put in as a consequence of all the electrical updating. That's probably going to cost you £500ish.
14 Aug 2018 15:30
Agreed burny it's quite tough to communicate with them that the bathroom issue isn't cosmetic, it's just the old features are leaking so therefore needs replacing.
14 Aug 2018 15:47
reality is you are buying a renovation project and you need to be prepared to take that on (before you move in or to live with it till you can afford to do it), most old houses have plenty of gremlins and dubious diy wiring etc etc, id challenge you to find one that didn't and suggest even if your brought a 'done up' property there would still be a host of less than desirable 'quick fixes' you will only discover in the future
I'd think you might at a push negotiate 5k off if you are lucky and to be honest if the seller feels aggrieved by this theres every likelyhood they will fuck you over at the last minute either in paperwork delays or backing out and then all your legal costs will be down the drain (which is always the risk anyway) when I brought my place we got some money off against some damp and wiring issues but then the sellers kicked about just long enough that we missed the stamp duty deadline so most of our saving on property cost ended up with tax man anyway….
14 Aug 2018 20:36
The harsh reality is they’ve got something you want, and they know you want it because you’ve offered asking price.
They likely know they’ll be able to sell it for the same price to someone else who may not bother with a survey, or who won’t try to knock them down (as much) based on a survey.
Are you prepared to lose it for £17k? If so, walk away. If not, pay what you’ve offered.
I know as first time buyers you have an advantage over others in a chain, but if the vendor’s a c*** unfortunately that advantage doesn’t count for shit.
14 Aug 2018 20:54
Also £17k sounds pretty excessive imo. Always take surveys with a pinch of salt. Some issues are essential some not so much.
posted 14 Aug 2018 22:33, edited 14 Aug 2018 22:33
East London, Newham.
Rural we were expecting a little bit of pushback from 17k - we outlined several areas where, if we could investigate further (re: rot in bathroom + electrician test at our own expense) that we would happily reduce it if these came back with no further work needed or a more definitive quote.
Instead they've just said that they're not a problem as the previous tenant hasn't raised any issues/they don't agree with the findings of the survey, then said we can have 1k off as goodwill (which isn't even worth talking to the bank about really).
Want to reiterate that although this house is old (late victorian) it is in no way sold or priced as a fixer-upper.
To be honest I think a lot of this pushback is because the vendor is a landlord and is used to not having the property maintained properly - if a surveyor lists things as 'urgent' - whose word am I supposed to take?
Have gone back with an adjusted amount of 10k (which is still less than 2% asking price) - will let you lot know how it goes, thanks very much for the advice all - been super helpful.
15 Aug 2018 14:08
Is there a way to look at eBay and find out what particular products sell for?
Have a pair of Tom Sachs in UK11 that I haven't worn and want to know market value as opposed to the £1-3k BiNs that are currently up.
15 Aug 2018 14:10
There's an option in the sidebar to only show sold listings, should give you a decent indication of what items have sold for, not sure how it works for best offers though.
15 Aug 2018 15:57
Must only be me that thinks you're the mental one to have an offer accepted then try to negotiate 17k off the price. I'd struggle to accept another offer from you.
15 Aug 2018 15:58
I have never seen a homebuyers report that doesn't give an opinion of the market value and I must have seen over 50 in the last 4-5 years.
You sure towards the end it doesn't say words to the effect of: the market value at present considering the properties current condition and similar properties in the area is …………