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ck1
Two Silver Stars
Posted
HI!!

Recently had an offer accepted on a 1930's semi I want to buy. The house came back on the market after a chain fell through and the previous buyers have offered to sell me there extensive survey in the form of a buyer's pack r something - the estate agent siad it cost £800 which is quite a lot - which I cant really afoord at the moment - if the mortage peoples survey comes back recommending a further survey what should I offer for it please, bearing in mind that it is no use to the previous buyers..
 
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Two Silver Stars
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quote:
Originally posted by ck1:
HI!!

Recently had an offer accepted on a 1930's semi I want to buy. The house came back on the market after a chain fell through and the previous buyers have offered to sell me there extensive survey in the form of a buyer's pack r something - the estate agent siad it cost £800 which is quite a lot - which I cant really afoord at the moment - if the mortage peoples survey comes back recommending a further survey what should I offer for it please, bearing in mind that it is no use to the previous buyers..


Why not find out the cost of the type of survey you plan to have, and then decide if you feel it's worth making the previous buyers an offer based on that. If you had not intended to get such a comprehensive survey done anyway, then you would be very out of pocket.
What else is included in the pack? If it includes a search, then this is very useful to have, as it would speed up the process considerably. But usually the solicitors 'trade' these between themselves and the (normal) search cost is added to your final bill.
Either way, the previous buyers may be prepared to sell the search only, if you don't want, or need their expensive survey.

If it were me, I would try to get the search and arrange my own survey. (I am also wondering about whether implications whether redress would be invalidated by their selling the survey on, should their surveyor have been negligent in any way and you needed to make a claim, as the contract was with them and not you? You could always ask your solicitor.)
 
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One Gold Star
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Market forces would dictate that the only people in the world who would possibly be interested in the pack are you, and (maybe) the vendor.
Hence the previous buyer should be glad to take whatever you offer them - 800 quid seems a bit steep to me when looked at like that.
 
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