Buying a house (and renting)

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Tomous
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PostRe: Buying a house (and renting)
by Tomous » Tue Oct 08, 2019 4:57 pm

They're not happy with just extracts, which I do understand, but I'm not sure where we go from here. The EA is trying to imply that it is common practice to share it in full but I know exactly what will happen, they'll phone the Surveyor and come back to us and say they've spoken to the Surveyor it's actually only really £2k in repair work.

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That's not a growth
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PostRe: Buying a house (and renting)
by That's not a growth » Tue Oct 08, 2019 6:01 pm

Have the people who told you no to share it not said what they think you should do? Seems a bit odd giving half a piece of advice.

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Dual
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PostRe: Buying a house (and renting)
by Dual » Wed Oct 09, 2019 3:26 am

Tomous wrote:They're not happy with just extracts, which I do understand, but I'm not sure where we go from here. The EA is trying to imply that it is common practice to share it in full but I know exactly what will happen, they'll phone the Surveyor and come back to us and say they've spoken to the Surveyor it's actually only really £2k in repair work.


Does the report not have a valuation as well?

Fwiw we sent the report when the same thing happened to us 3 years ago.

I would send the report and then ask for another viewing and take someone with you for another opinion or quote. Ideally a builder but a practically minded friend or family member would suffice.

£13k worth of repairs is substantial even if surveyors tend to over egg these sorts of things. How old is the property? What sort of repairs does it describe? What do you think?

If you want to PM me for a second opinion you can.

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PostRe: Buying a house (and renting)
by pjbetman » Wed Oct 09, 2019 11:49 am

Tomous wrote:They're not happy with just extracts, which I do understand, but I'm not sure where we go from here. The EA is trying to imply that it is common practice to share it in full but I know exactly what will happen, they'll phone the Surveyor and come back to us and say they've spoken to the Surveyor it's actually only really £2k in repair work.


What sort of repair works are they? I'd imagine that they massively over estimate the costs.

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Jenuall
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PostRe: Buying a house (and renting)
by Jenuall » Wed Oct 09, 2019 11:55 am

Out of interest what level of survey did you go for Tomous? There's quite a difference in terms of the level of detail they go into between something like a Home Buyer survey and a "full" building survey.

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Tomous
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PostRe: Buying a house (and renting)
by Tomous » Wed Oct 09, 2019 12:00 pm

That's not a growth wrote:Have the people who told you no to share it not said what they think you should do? Seems a bit odd giving half a piece of advice.


To provide extracts of the report on the key areas, which we've done.

Dual wrote:
Tomous wrote:They're not happy with just extracts, which I do understand, but I'm not sure where we go from here. The EA is trying to imply that it is common practice to share it in full but I know exactly what will happen, they'll phone the Surveyor and come back to us and say they've spoken to the Surveyor it's actually only really £2k in repair work.


Does the report not have a valuation as well?

Fwiw we sent the report when the same thing happened to us 3 years ago.

I would send the report and then ask for another viewing and take someone with you for another opinion or quote. Ideally a builder but a practically minded friend or family member would suffice.

£13k worth of repairs is substantial even if surveyors tend to over egg these sorts of things. How old is the property? What sort of repairs does it describe? What do you think?

If you want to PM me for a second opinion you can.


Property is 70s. Mainly roof, damp and some structural issues. To be honest, the report has highlighted a lot and I know surveyors like to cover their back and we're more than prepared to work through the issues and gain an understanding of how critical they are but we're being pushed to exchange on Friday which is clearly not gonna happen right now.

Appreciate that mate-may contact you later today.

Jenuall wrote:Out of interest what level of survey did you go for Tomous? There's quite a difference in terms of the level of detail they go into between something like a Home Buyer survey and a "full" building survey.


It was a Level 3 Building Survey. Like I say, I do get that not all these costs may be realistic, but I don't really see how we can exchange without considering them in more detail first.

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Poncho
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PostRe: Buying a house (and renting)
by Poncho » Wed Oct 09, 2019 12:27 pm

My girlfriend and I are buying a property. We also had a building survey done and the report made it sound like the house was going to collapse at any minute - there's a lot of arse covering to shift through to work out what the real problems are ("The roof looks fine, but it could also blow away so better get someone in to confirm it's fine." Vague stuff like that.). Our report had a list of all the costs and it was close to 20k, but most of it was stuff that wasn't critical to my mind (or a 'red' problem as ours used that traffic light system). I'm not paying £2,500 for two new doors because he thinks they "may" not be secure enough (listed as a red/critical issue), or £1,500 to get rid of some moss on the roof.

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Tomous
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PostRe: Buying a house (and renting)
by Tomous » Wed Oct 09, 2019 6:23 pm

Wow.

So we’ve just been informed by our surveyors that they’ve had 3 or 4 calls from people asking to discuss the report that aren’t us. Even on one occasion giving my wife’s name but failing to give the correct password.

Wow. :lol:

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The Doom Spoon
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PostRe: Buying a house (and renting)
by The Doom Spoon » Wed Oct 09, 2019 8:51 pm

Poncho wrote:My girlfriend and I are buying a property. We also had a building survey done and the report made it sound like the house was going to collapse at any minute - there's a lot of arse covering to shift through to work out what the real problems are ("The roof looks fine, but it could also blow away so better get someone in to confirm it's fine." Vague stuff like that.). Our report had a list of all the costs and it was close to 20k, but most of it was stuff that wasn't critical to my mind (or a 'red' problem as ours used that traffic light system). I'm not paying £2,500 for two new doors because he thinks they "may" not be secure enough (listed as a red/critical issue), or £1,500 to get rid of some moss on the roof.


That doesn't seem right at all. My wife and I completed on our house and moved in just over a month ago. When our servey come through it was purely matter of fact and any advisories were backed up by evidence. Your solicitor would of had a copy sent to them. I would seek advice from them.

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PostRe: Buying a house (and renting)
by Poncho » Thu Oct 10, 2019 8:42 am

Just to be clear, the roof blowing away bit was a made up problem exaggerating the kind of safe arse covering advice a survey seems to contain, in case that's the bit that concerned you the most. :lol:

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PostRe: Buying a house (and renting)
by pjbetman » Thu Oct 10, 2019 4:47 pm

Tomous wrote:Wow.

So we’ve just been informed by our surveyors that they’ve had 3 or 4 calls from people asking to discuss the report that aren’t us. Even on one occasion giving my wife’s name but failing to give the correct password.

Wow. :lol:


strawberry float em off, mate. Snide banana splits. Probably pull out of the deal when someone else offers higher.

Edit: Plus your lender will retain some of the money until the work is done.

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Errkal
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PostRe: Buying a house (and renting)
by Errkal » Thu Oct 10, 2019 4:52 pm

Tomous wrote:Wow.

So we’ve just been informed by our surveyors that they’ve had 3 or 4 calls from people asking to discuss the report that aren’t us. Even on one occasion giving my wife’s name but failing to give the correct password.

Wow. :lol:


Isn’t that illegal so could be investigated?

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Tomous
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PostRe: Buying a house (and renting)
by Tomous » Thu Oct 10, 2019 4:54 pm

Errkal wrote:
Tomous wrote:Wow.

So we’ve just been informed by our surveyors that they’ve had 3 or 4 calls from people asking to discuss the report that aren’t us. Even on one occasion giving my wife’s name but failing to give the correct password.

Wow. :lol:


Isn’t that illegal so could be investigated?


It’s not just a little illegal, it’s very illegal.

We’re still considering what to do about that.

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Tomous
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PostRe: Buying a house (and renting)
by Tomous » Fri Oct 11, 2019 10:13 am

Vendors have pulled out. They offered a £4k reduction but after speaking to the surveyor at length, he was estimating £6-7k in urgent work required immediately and £6-7k in the next 12 months. We felt a £10k reduction wasn’t unreasonable. They also hadn’t provided a completion certificate for the extension or any certificate for the electricity so we were very uncomfortable with that anyway.

We do wonder if they’ll come back to us in the next few weeks and are just trying to force our hand but we’re comfortable with our position. We’ve held our ground when the estate agents have been absolute banana splits and have tried to bully us at every step of the way, lying through their teeth throughout. Not to mention the attempted identity fraud. banana splits.

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Jenuall
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PostRe: Buying a house (and renting)
by Jenuall » Fri Oct 11, 2019 10:15 am

Really tough situation but sounds like you have made the sensible choice.

Like you say there is a good chance they might reconsider and come back to you - anyone else they try to sell to are going to find the same problems so it's not like they are going to be able to just ignore it.

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Tomous
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PostRe: Buying a house (and renting)
by Tomous » Fri Oct 11, 2019 10:40 am

We're weighing up making one last offer of compromise and suggesting £7k reduction-so to meet in the middle and to cover the immediate works required. We do really like the house and so providing they can provide all the necessary electricity certification (we obviously want to be comfortable it doesn't need rewiring or anything like that because that would be a big expensive/job) we could probably accept that.

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pjbetman
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PostRe: Buying a house (and renting)
by pjbetman » Fri Oct 11, 2019 10:42 am

Tomous wrote:We're weighing up making one last offer of compromise and suggesting £7k reduction-so to meet in the middle and to cover the immediate works required. We do really like the house and so providing they can provide all the necessary electricity certification (we obviously want to be comfortable it doesn't need rewiring or anything like that because that would be a big expensive/job) we could probably accept that.


Nah, sounds like a cluster strawberry float. Find somewhere else. Thousands to choose from.

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Tomous
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PostRe: Buying a house (and renting)
by Tomous » Fri Oct 11, 2019 10:55 am

pjbetman wrote:
Tomous wrote:We're weighing up making one last offer of compromise and suggesting £7k reduction-so to meet in the middle and to cover the immediate works required. We do really like the house and so providing they can provide all the necessary electricity certification (we obviously want to be comfortable it doesn't need rewiring or anything like that because that would be a big expensive/job) we could probably accept that.


Nah, sounds like a cluster strawberry float. Find somewhere else. Thousands to choose from.



We did feel like that after the report and I’m more that way inclined but my wife really loves the property. Speaking to the surveyor helped. He said “it’s a nice house that needs £6-7k in immediate work and then you should be okay” which doesn’t feel too bad.

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PostRe: Buying a house (and renting)
by pjbetman » Fri Oct 11, 2019 2:19 pm

Tomous wrote:
pjbetman wrote:
Tomous wrote:We're weighing up making one last offer of compromise and suggesting £7k reduction-so to meet in the middle and to cover the immediate works required. We do really like the house and so providing they can provide all the necessary electricity certification (we obviously want to be comfortable it doesn't need rewiring or anything like that because that would be a big expensive/job) we could probably accept that.


Nah, sounds like a cluster strawberry float. Find somewhere else. Thousands to choose from.



We did feel like that after the report and I’m more that way inclined but my wife really loves the property. Speaking to the surveyor helped. He said “it’s a nice house that needs £6-7k in immediate work and then you should be okay” which doesn’t feel too bad.


I should've validated my reasoning with a caveate - if it's your dream property or close to it, then it'll be worth an extra £6-7k. A lot of it depends on the remedial works needed. If you need the damp proof course doing, then it'll be weeks of disruption. If its a leaking roof, then it'll be minimal disruption, maybe a week or two. A rewire will take a week but then theres the patching up to do with wires in walls etc. The vendor needs to realise that its YOU having to be affected by the disruption, so a £5k job is probably £7.5k with the disruption (hotels?). Might be worth asking your estate agent if the vendor would be willing to get the work done prior to the sale - might get them thinking of the hassle it's gonna cause.

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Tomous
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PostRe: Buying a house (and renting)
by Tomous » Fri Oct 11, 2019 2:42 pm

pjbetman wrote:
Tomous wrote:
pjbetman wrote:
Tomous wrote:We're weighing up making one last offer of compromise and suggesting £7k reduction-so to meet in the middle and to cover the immediate works required. We do really like the house and so providing they can provide all the necessary electricity certification (we obviously want to be comfortable it doesn't need rewiring or anything like that because that would be a big expensive/job) we could probably accept that.


Nah, sounds like a cluster strawberry float. Find somewhere else. Thousands to choose from.



We did feel like that after the report and I’m more that way inclined but my wife really loves the property. Speaking to the surveyor helped. He said “it’s a nice house that needs £6-7k in immediate work and then you should be okay” which doesn’t feel too bad.


I should've validated my reasoning with a caveate - if it's your dream property or close to it, then it'll be worth an extra £6-7k. A lot of it depends on the remedial works needed. If you need the damp proof course doing, then it'll be weeks of disruption. If its a leaking roof, then it'll be minimal disruption, maybe a week or two. A rewire will take a week but then theres the patching up to do with wires in walls etc. The vendor needs to realise that its YOU having to be affected by the disruption, so a £5k job is probably £7.5k with the disruption (hotels?). Might be worth asking your estate agent if the vendor would be willing to get the work done prior to the sale - might get them thinking of the hassle it's gonna cause.



Understood-just to clarify, our understanding of the work is that it isn't so disruptive that we'd have to move out.

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