My house has been on sale for slightly more than 2 years.it has had 7 surveys.The only thing wrong is the Electricity syb ststion to thr rear of the property.(60 Metres away).The RICS issue a standard clause saying Radiation can affect your health,also adding in the report that it will make it difficult to sell in the future.So potential buyers pull out.Suggestions please.Regards Jim McArdell.One surveyor has visited 4 times for different prospective purchasers.
With respect Jim I think you need to lower your price. If you were living on top of a nuclear dump you would still be able to find a buyer at the right price. A house is only worth what someone is prepared to pay.
I'm not an expert on these matters Jim, but in my experience, it probably doesn't matter whether its the same surveyor or not, with a problem like that there is probably a standard caviat they have to add.
Perhaps the thing to do is to be glaringly obvious about it. Have an environmental search done yourself to assess if there are any issues currently and insist that your estate agent makes everyone aware of it from the begining. It may mean people walking away from the start, but at least it prevents wasting time and money etc.
2 years is a long time to try and sell your house, perhaps price could be an issue to. If you brought it down, the next layer of buyers may not be so fussy!
"A casual stroll through the lunatic asylum shows that faith does not prove anything"
I would have gone to Auction by now with a set reserve on the selling price. That price must be competitive if your ever going to shift this House. 2 years is a long time and at least you are fully aware of the reason why people aren't buying your house which enables you to take the appropriate action. It is clearly evident from what you are saying that people don't like the idea of an electric sub station at the bottom of their garden.
Bearing in mind that only 1 in 5 buyers bother with a survey, I doubt that it's the real problem. Anyone can see the substation when they view the place and to go on and pay for a survey would be sheer folly if they were worried about it.
There are thousands of properties near substations and under power lines (and no proof that they do any harm).
Are you saying that despite 2 years of extremely strong growth in the market you've had no offers? Your house is worth nearly twice today what it was 2 years ago. I don't think this is the whole story.
are electricity sub-stations really such an issue for potential buyers? we have one directly behind our house and despite it being mentioned on our survey we completed some research and decided to buy anyway...
I'm not sure that it is just the sub station that is putting off buyers Jim...
Originally posted by keenabird: are electricity sub-stations really such an issue for potential buyers? we have one directly behind our house and despite it being mentioned on our survey we completed some research and decided to buy anyway...
I'm not sure that it is just the sub station that is putting off buyers Jim...
I don't think sub stations are so much of a problem but High Voltage Power Cables are and if anyone is any doubt then perhaps "The Dougal" (I think it was you dougal?) will resurrect the photo of a 100(?) neon tubes sticking out of the ground, fully lit up by induced current from Power Cables. Hardly inspires confidence that power cables won't affect your health is it? Anyway, I know of a house in Hampshire, which is now off the market, which couldn't sell due to the close proximity to power cables after 3 years! Mel.
