-
you can even use the results to knock the price down if something looks iffy.
This is London, my friend. The price only ever goes up.
"Oh, hai - You haz rising damp, subsidence, and an ancient burial ground, now filled with zombies, poltergeist and illegal immigrants."
"Y thnx, those are features that we are now asking an additional elevety thousand pounds for on top of the original price"
"Bargain - I'll take it for twelvety hundred pounds more than that!"
-
you can even use the results to knock the price down if something looks iffy
Yep as @TW says this is the principal but not the reality when people are falling over themselves to outbid each other.
We got our flat by £500 when it went to best and final, fortunately because this was in 2012 it only went slightly over asking, nothing crazy. Nonetheless when we got a red for electrics in the survey we didn't try and use it as a bargaining chip because we knew if there was any bother the seller would just go to the people who'd offered £500 less. Fortunately the electrics were fine, old and not totally up-to-code, but not dangerous or in urgent need of fixing.
I'd still recommend a full survey because you do need to make such a huge purchase informed.
You are reading a single comment by @deleted and its replies.
Click here to read the full conversation.
NotThamesWater
Fox
@deleted
it's the most expensive thing you'll ever buy in your life, you want to know what's going to fall off and how much it's going to cost to fix if it does. do a full fat survey, you wont regret it - you can even use the results to knock the price down if something looks iffy.