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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.
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Interesting.
I feel the outcome will be determined by how keen the sellers are to move.
If they have a place lined up already, and have had some buyers pull out, they will negotiate and you will be able to chip them a fair amount.
If you are the first buyers and they feel they can afford the wait, they will push as hard as they like and try and test you.
I would, personally, get in touch with the seller. Try and strike up a dialog. Going through the EA won't really work here. Also, I'd start looking for another place, a plan B, as you might need it.
FWIW, any roof over 20 years old would be classed as end of life, so don't read too much in to that on it's own. We had a similar report for ours, OG unlined Edwardian tiled roof. It's still going after a £7k service. If the wooden roof structure is fucked somehow, that's another story. So I'd be keen to find out the real condition of the structure underneath. That's a Roofer's job, but as always, it will be hard to get them in to look without the possibility of a job lined up.
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My XV-01 has been in the wars. Binned it on the road track pinging off the front drivers side suspension arm. Fixed that up only for the servo to die (my bad, I'd just fitted a direct horn and it was a £15 servo) and take the BEC out on the (£15) ESC with it.
Time to put a 120 amp ESC, 4.5t motor and a 40kg servo in, obvs.
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with the second bedroom being in a loft conversion, but (unbeknownst to those partaking in purchasing it at the time) not built to fire safety regulation, (the room needing a partition, ie. wall, door, to prevent fire getting inside) the property is basically a one bed with loft space?
More or less, but the property itself hasn't changed in light of this new information. Whatever good the buyer saw in it still exists, maybe with the addition of a stud wall and a fire rated door, which is fairly small beer in the grand scheme of things. Opportunity to negotiate the price downwards I would have thought, but a bit of a red flag. Buyer beware.
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so I usually go mid-low risk
I’m trying to think of situations where this is the right answer.maybe if you need the money back tomorrow? In which case why bother?
Low risk ‘traditional’ investments feel so low risk as to be pointless. Returns will be low after fees, assuming you win, but they’ll still tank with the high risk stuff.
Even the high risk stuff is orders of magnitude less risky than, uh, untraditional investments.
Unless you are taking your pension you want
- some cash to tie you over if shit gets real
- the bulk in trad. Investments that are high risk for growth
- A small amount of punts that will mostly fail but might get to the moon
Nothing in between
- some cash to tie you over if shit gets real
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Front motor long travel 4wd init. Super dynamic compared to the touring cars that are more point and shoot.
I lie though, it’s not entirely stock; the front has a ball diff not the geared diff.