-
In short - no.
There was a small amount of localised damp on 2nd floor in the hall, which we could see, and were made aware of by the EA, but didn't look bad.
We were also told it might need rewiring.The place was immaculate and it was not obvious, nor was it discussed, that there might be significant other work needing doing. We were obviously budgeting for a bit of other stuff though, given the size and age of the house. But not this scale of stuff.
Interestingly,when the builder went round he said that the seller told him she was aware that the gable render might need doing, and had made plans to do it, but had opted to move.
We kind of took this as a sign that she knew how much that might cost and that the price would need to drop.
Also when we received the homebuyer report and it had flagged all these things, but before the quote came in, I spoke to the EA who said the seller was very keen to proceed with us and there would be scope for negotiation on price.
All this led us to believe a significantly lower offer might be acceptable, or at least a starting point for a decent negotiation. Seems not...
t4ny4-
Maybe they felt the place was worth more in the end, but because they stopped the bidding war they feel like they've done you a favour in return for an easy sale which they now don't have. Bit naive if that's the case - what you've found goes beyond stuff that can be expected with old houses.
And presumably they aren't in a hurry to sell if they think they can put it back on the market.
Maybe that's a bluff. I'd call it.
-
The fact they have dropped the price at all is a good start - it means you’re actually having a negotiation. Moving away from the agreed price at all is the hard bit. You just need to decide what your walk away price really is.
Howard
NickCJ
Was it visually apparent that the place was a bit...fucked? Like was is obviously neglected / in disrepair?