You are reading a single comment by @playswellwithotters and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
@playswellwithotters
"Dear LFGSS hive mind - I need to check what is 'normal procedure' during a purchase.
I've had an offer accepted on a property. It was a tight bidding war with another possible buyer, but eventually we just tipped the balance. Our mortgage provider asked for a Timber & Damp report and a roofing report. It's come back at £11K to make good.
Is it standard practice to ask for this amount to be taken off the agreed purchase price?
The reason I'm nervous about doing this is that we don't want the seller to ditch us and take the other persons offer, which feels like they may do at this stage (they were pretty fucking unscrupulous during the bidding war).
Any experience / advice gratefully received."
An update on the above; the final bill for repairs came in at £16,400. We've haggled £7,500 off the asking price. We'll find a cheaper company to do the repairs and swallow the rest.
Mortgage was approved today after a two week wait. Phew!