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4 days ago · Negotiating after the survey: a seller’s guide. 21/10/2024. Selling. It’s in a homebuyer’s best interest to have a survey carried out – not because there’s a lack of trust but because surveys can uncover issues that you might not have even known about. If your home survey has flagged up some problems which might affect the home’s ...
Aug 14, 2024 · Buying, Selling. House surveys play a crucial role in the buying process as they can uncover potential issues which may affect the home’s value. If your home survey has flagged up some problems, here’s how you can fairly and effectively renegotiate the price. Find out the value of your home now.
- What to Do with Bad Survey Results
- Who Do You Renegotiate A House Offer with?
- How to proceed with The Renegotiation
- How Does It Affect Your Mortgage offer?
- EPC Survey
- Finding A Surveyor
- Learn More About Surveying
Your first line of action should be to speak to the surveyor. They will take you through the issues step by step so that you’re aware of the repairs needed and their likely costs. You also have the option of getting a second opinion from another RICS surveyor. Research by Quick Move Now discovered that more than 1 in 4 property sales fell through i...
Many people prefer to speak directly to the seller. This can be easier but not always possible. The best way to negotiate the house price is to contact the estate agent involved with the property. You will want to explain the results of the report and provide them with the report itself. They’ll then speak to the seller and pass on your concerns. A...
You need to identify the current market value of the property and compare it to the condition of the house based on the survey results. Only major issues will encourage a renegotiation. Calculating the cost of renovating the property until it’s in ‘good condition’ can help your case. It would be wise to include the results of the second surveyor to...
If the renegotiation is successful, you’ll need to contact your mortgage lender. You can contact them earlier in the negotiations process, but if it’s successful then it’s vital to contact them immediately. The mortgage application will have to be altered based on the property’s new value. This will also be the case should you encounter a down-valu...
EPC stands for Energy Performance Certificate which is an energy efficiency rating for your property. It’s required by law when renting and selling a property. It will provide information on the property’s energy usage and costs and will have recommendations on how to reduce these. If you’re buying a property, don’t forget to check the current EPC....
At Compare My Move, we can connect you with up to 6 surveyors and save youup to 70% on your surveying costs. Simply fill in oursurveying comparison form and find the right company for you. All of our surveying partners have passed our strict verification process. Companies offering Home Surveys and Valuation Reports must be RICS-regulated. Firms sp...
This was part of our surveying guide. In the next article, we will explore flood risk areas and what to do. To learn more, read identifying flood risk areas and properties.
- Martha Lott
- Senior Digital Content Executive
If you have a survey done on a home you want to buy, it can show problems that you didn’t expect. Property issues can cost a lot to sort out, so you may want to renegotiate the price you’re willing to pay after the survey.
May 6, 2023 · Read our free guide on how to negotiate house price after survey to learn our top tips for the renegotiation process and how to improve your chances to get a lower price.
How much a house survey costs can vary hugely depending on the type of survey you get. We look at how much different types of surveys can cost, why the costs vary, what you get for your money and how to get survey quotes.
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Find and compare Home Buyer Survey Quotes / RICS Level 2 Home Survey quotes from qualified Chartered Surveyors working in your area. Get instant quotes now.
