Re Negotiate house price after survey
Discussion
We have had an offer accepted on a house, we offered 10% under asking price based on other sold prices in the area and the fact that the house needs a lot of work, replacement windows, new bathrooms, new kitchen, garden and outside has just been left to rack and ruin. Garage illegally converted to annex which is single skin with tin roof.. so needs either updating to meet building regs or changing back to garage, electric gates broken, needs completely redecorating inc new carpets..., possible updateing of electrics. based on the above we made our offer stating all the above and after a little negotiating we went up £5000 and it was accepted, they said they would not reduce price any further unless something major structurally showed up in Survey, we agreed to this as we did not know the roof was so bad, the parts you can see are ok, its the flat roofs that are bad. We had the building survey done and it said dormers need re-roofing, it is a dormer bungalow and has 3 dormers one of which is massive. It wasn't a think about in the future recommendation, it said budget to re roof the dormers, we did not base our offer on any work on the roof, and the estate agent has the email to prove it. We had a roofer round who has priced the work at £9600. This is practically twice what we thought it might be worse case scenario.. We have asked the vendor to meet us half way with this cost. We did not want to and had already said if it was £5,000 we would just continue with the purchase and delay doing up something in the house until we can afford to do it, but nearly £10,000 makes the purchase nigh on impossible.. To me £10,000 pound on roof work is classed as major structural work, so they should consider our offer, is this unreasonable? We are well down the line with the conveyancing now, and hate the thought of it all going pear shaped, but we cannot pay out that kind of cash and do everything else that is required.
Perhaps a second quote is required.. only one of the dormers is around the 2*3 metres, the biggest is easily 8m long and 2m deep, all of the dormer roofs need to come off and have angles changed as sloping wrong, and new insulation put in to meet building regs, none of the dormers have gutters or adequate leadwork. The bedding of all the hips and ridges have to be replaced, and a tiny dormer we had not even noticed that i think goes into the loft has to be totally redone as the sides are covered in some sort of dodgy bitumen substance.... so quite a bit of work..
The vendor got back to us today, they have offered £2,500 towards the cost. We have gratefully accepted this offer as they could have just said bugger off, so any reduction is good, and we really didn't want to lose the house. So all good now and we can proceed. Thanks for all comments
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