Negotiating House Price After Survey

How to negotiate house price after a property survey.

Negotiating house price after survey. You ve had your offer accepted on a house which is great news and means you re one step closer to getting the keys to your dream home. It is what all homebuyers fear. Once you ve spoken to the surveyor and have determined that the issues raised are worth renegotiating over the next step would be to contact your estate agent to provide them with the report. The later option should always be tried first.

To negotiate a house price down after a survey many people prefer to speak directly to the seller. After your full building survey you will have all the transparent information you need to successfully negotiate a house price based on the potential repairs that the property needs. You have three options. A survey assesses the property s condition.

Pull out proceed at the agreed price and accept the problems or try and renegotiate. Posted at 10 37h in uncategorised by allcott. Your offer is subject to contract stc and you re not legally bound to buy the property until the point of exchange. If your survey uncovers issues you can use it to renegotiate the price you re willing to pay.

You should always have a property survey carried out by a professional chartered surveyor before purchasing a property. This can be easier but not always possible. You have found the property that you want to buy only to get a survey report that reads more like a horror story.