I'm a first time buyer, buying a property (Victorian End-of terrace 3 bedroom / 2 stories house) in London (Leyton - East London).
I saw the house for £250k - put down the full asking price, had the full building survey done which revealed some nasty suprises. The full building report raised the issue of current cracking/old cracking on the extension part of the Victorian property and I required a structual engineer.
Vendor is putting pressure on me to exchange contracts - gave me ultimatum for end Aug-04. I wrote letter requiring more time, vendor wrote back saying I had more time however he would grant me more time provided that I give him a copy of the full strucutral which is needed for the property.
Dont' want to provide structural report for free, neither do I want to pay extra money for a structural report and loose more money.
i'm not happy with the issues with the current state of the house, want to negotiate through agency (not met vendor) and am proposing calling a meeting to discuss a negotiation of reducing the price BEFORE I undertake any further reports/estimate quotes.
Does anybody have any experience with negotiatiating without getting further estimates / quotes. I have however had my surveyor 'in writing' state that the list of issues below 'see below' would approximatley cost £10 - 15k.
Any advice welcome.
ISSUES Rising dampness * (kitchen) - rear wall, revealed areas with rising dampness problems * (cellar) – "high damp meter readings" were recorded * (all elevations) - evidence of dampness found
Structure Movement to the rear elevations and side elevation to the back addition has shows existing and current cracking 'require strucutral engineer'
Woodworm (Cellar) woodworm found to attack structural timbers supporting the house. Cellar Requires attention - flooding evidence.
Windows * Windows: wood condition rotting taking effect requires replacing * Windows require replacing and plaster work around windows are "loose and uncertain". * Drip grooves or "throatings" are required to external cills so as to prevent water seeping back beneath and soaking the brickwork in the wall adjacent, detaching the plasterwork within.
Electrical System Incoming electrical works at low level (cellar), "thought to be fairly crude" with loose and old wiring etc. "needs special attention".
Condensation Condensation in roof needs to be addressed.
Chimney breast/s Chimney breast removed, require support to be added and additional ventilation.