Hello
I'm about to sell my late mother's house (privately as I know the buyer). Basically it's a 3 bedroomed built ca. 1965 and has never been rewired. AFAIK the cabling is light grey coloured PVC.
My buyer has had it surveyed and as it seems with all of these home condition reports they have to find something to ring at least one alarm bell. In this case he's saying it needs rewiring and should be done at least every 25 years. As a result there is a bargaining tool of around £3K to knock off the already generous £186K pre-agreed price. Ironic that my buyer is also selling her (larger) house to her daughter built almost the exact time by the same builders and openly admits her house has never been rewired in it's 40+ year life.
My questions:
- Is it really necessary to have it rewired as the surveyor suggests?
- What are the implications for not having it done?
- Whilst my limited research has revealed the job may cost about £3K to get done is it a reasonable amount to knock off the price?
Thanks