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.
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.