-
You're cutting your nose off to spite your face at this point if you walk away
I agree, to an extent. This is their opportunity to get negotiating experience.
@PhilDAS Get back to the EA with a revised offer. Best guess. i.e. worst case £20k to fix the lot (wall, chimney, roof). They might tell you to do one, they might not. Take it from there. If you've already decided to sack it off, there's no harm in it.
-
This is their opportunity to get negotiating experience
@PhilDAS Get back to the EA with a revised offer
also this. the buyer may well know the house needs work and are hoping that they'll get someone that's willing to overlook it
If you think it needs 20k, you could always offer 30k less, expecting they'll refuse but at least anchoring the offer somewhat, then if it's still on the market in a couple of months come back having miraculously found 10k and you're willing to go up to just 20k under the asking which wont look like you're lowballing because it's up from where you weredon't be too British about it. worst case, you make an offer the sellers are offended by and they have a grumble behind closed doors about it
You're cutting your nose off to spite your face at this point if you walk away. If the house is fundamentally what you want then just reduce it by 8k and say this represents a contribution towards the (most expensive) quote you hopefully will get for a full reroof but you are absorbing most of it,and I am fairly certain they will come back and offer you 4k or so.
I also wouldn't worry about cracks here or there as long as the wall isn't bulging which presumably your surveyor would have commented on. I have cracks all over the place internally and externally as long as you can't get your hand in them it's unlikely to be a significant problem.