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which we'd still struggle to afford
Irrespective of everything else, if it's outside your budget, is it a wise move?
Vesalius-
No.
That's why we wouldn't be likely to take them up on that offer, if that's what happened.
If it transpired that the initial reports were right that it's a house that needs £18-20k of work, and they didn't come down further or complete the work before the sale, I think we'd have to accept it wasn't for us.
tbc
We've reached a bit of an impasse with our purchase, it seems.
The first electrician suggested a rewire would be necessary, and very expensive, which along with the damp works needed meant we couldn't afford the property.
The vendors responded by saying that they didn't think that much work would be necessary, but they would reduce the price slightly to cover the works they thought would be necessary. It was actually a really nice, and nicely worded, offer.
Another electrician is coming round to quote next week - if he gives a decent quote, great, we are pretty much ready to exchange. If he also says it requires a huge amount of work, then what?
The vendors can turn around and say they're going to remarket it anyway (at a poor time to be selling a house) knowing that the work will show up again on another survey. Then we'll lose our buyer and probably not move.
They could offer to meet half way again, but half way to a bigger amount, which we'd still struggle to afford.
They could just do the work, which would obviously be great for us. But that's probably not their preferred option.
I suppose it's better than Brexit, but I'm about as clued up about what will happen next.