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Tough one, I'd be tempted to walk away...
Our house needed a bit of work doing to it, EA told us his estimate of what the work would cost, we got our own estimate and some money was knocked off the sale price... In the end we were all wrong and the work is actually gonna cost three times the initial estimate... Gah!
I know you've got a buyer waiting but I'd be tempted to walk away... Can you afford to play chicken with them a bit longer?
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I feel like they led us to think it was something the vendors would be more receptive too.
Yeah this is the standard way of doing things but ultimately the EA works for the seller and if the seller is saying they won’t negotiate the EA will report this back to you.
Take control. Tell them what your revised offer is for the house based on what you now know. Make it clear that anything beyond that is extremely difficult to consider.
This tells them two things:
- you understand the process
- your new offer is very, very near to the figure you will accept - so there is small wiggle room, enough so that there’s a possibility of you both feeling like you got what you wanted.
They have your telephone number.
- you understand the process
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Is the rewire definitely needed? I think it's pretty standard to flag it in the survey if it's more than 30 years old, but in practice you could probably leave get away with leaving it.
Could also just get a new consumer unit and leave the rest- but this might throw up hidden issues as they're more sensitive than old fuse boards.
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Howard
abr
@tbc
The damp specialists are a reputable company we've used before in this house, when the estate agent offered a damp report by them at no cost it seemed sensible.
Their works only adds up to about £3,000 including an estimate for a roofer they'd subcontract, and the damp removal just involves investigating where the DPC hasn't worked/has broken down on one section of wall, and fixing a gutter causing damp elsewhere, so that's not our main concern really.
The thing that annoys me is that they have said they recognise the house needs rewiring - which we didn't know before we made the offer - but they don't see why this has made us concerned.
Another thing that annoys me is that the estate agent made it clear before we made an offer that offers were subject to survey, and then when we sent them the report they said they would speak to the vendors about a reduction before we even mentioned one. I feel like they led us to think it was something the vendors would be more receptive too. Maybe we were just asking for too much off.