29 Sep Building surveys lead to renegotiation of property prices
We often remind people that getting a survey by a chartered surveyor can actually save them money in the long run. A survey not only allows buyers to budget for repairs and maintenance, and prioritise works that are urgent; it can also act as a platform for renegotiating the property purchase price with vendors.
If your survey has uncovered some potentially costly issues, check out our guide on how to negotiate house price after a survey. Of course, before contracts are signed, it isn’t too late to pull out of the sale altogether. However, most defects can be rectified and so if it is the house of your dreams, talk to your surveyor to make sure you have a full understanding of the issues, and do not be afraid to present this information to the vendor.
If you are still wondering about whether or not you can use your survey report to renegotiate on the property purchase price, let these recent reviews of our Level 3 Full Building Surveys and Level 2 HomeBuyer Surveys be your inspiration!
“Fantastic service from start to finish. Immediate responses direct from Timothy Allcott who is a partner at the firm. A very high quality detailed building survey produced. With this report to hand I was able to renegotiate and save £1000’s of the original agreed price. Well worth it. Will definitely use again and recommend to family and friends.”
“Excellent service and even managed to do it 3 weeks earlier than planned due to a cancellation. The report was incredibly in depth and helped us to negotiate a better offer”
“We had initially offered £400,000 as a sealed bid. The findings from the survey allowed us to negotiate on the asking price and we successfully reduced our offer by £20,000.”
“I did extensive research to find the right report level and surveyor company for our property purchase. Allcott’s were incredibly helpful from the initial email all the way through to any questions we had on the report. Our surveyor Ollie found some work needed and priced this up for us, as a result we successfully renegotiated the purchase price of our property. Allcotts were fairly priced, great at communicating, the report was superb and the overall experience was the least stressful part of buying the house! Thanks again!”
“Great service. Fast and thorough. They uncovered £1200+ worth of damage we would have missed in our new flat. Can’t thank them enough.”
“Swift and thorough, this survey told me all I needed to know and saved me a great deal of money.”
My wife and I were very pleased with the service we received from Allcott Associates LLP. We would recommend them for their professionalism communication and thorough surveying. The report was easy to read and they answered all concerns promptly. Having showed the report to other professionals in the industry they commented on the surveyor doing a good job. We are very thankful to this company as they picked up on material that was likely to be asbestos at a property we wanted to buy, we had further tests done on the material which was indeed asbestos. We are glad we did as it saved us thousands of pounds. They are worth every penny and we will be using them again.