I would appreciate your advice/expertise concerning the following:
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
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.
* (kitchen) - rear wall, revealed areas with rising dampness problems
(cellar) – "high damp meter readings" were recorded
* (all elevations) - evidence of dampness found
Movement to the rear elevations and side elevation to the back
addition has shows existing and current cracking 'require strucutral
(Cellar) woodworm found to attack structural timbers supporting the
Cellar Requires attention - flooding evidence.
* Windows: wood condition rotting taking effect requires replacing
Windows require replacing and plaster work around windows are "loose
* 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.
Incoming electrical works at low level (cellar), "thought to be fairly
crude" with loose and old wiring etc. "needs special attention".
Condensation in roof needs to be addressed.
Chimney breast removed, require support to be added and additional