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I bought a house at the top of the market which needed money spending on it back in 2006. Needless to say I regretted that decision for the following 10 years. You're in a far stronger position than the seller right now. If you really want it that bad i'd tell them its 18k off the original offer price or no deal.
8b
Our survey came back a couple of weeks ago with a few things that need attention in the house we want to buy - as I posted about. Rewiring, new consumer unit, some small roofing repairs, some damp.
The estate agents got some damp specialists in, we got an electrician, and their quotes for "necessary works" totalled £18,000.
We asked for a reduction of the purchase price to take that into account - we genuinely can't afford to pay for that additional work, because we'd already had to set aside money for the work we could see needed doing - redecorating, new boiler, etc.
They have come back and said no: "Although they appreciate the fact that the wiring is old and requires updating, they feel that having already dropped a fair sum from the initial guide price."
What should we do now? Try to get at least some money off and put off the electrical stuff, and do that as and when? Hold firm and try to force it? It's not really a seller's market.
It's quite annoying because it's a nice place but we don't want to end up regretting buying it.