K
KDW
New Member
Hi there
I'm looking for some advice on how to proceed with my buy on a London apartment. My offer was finalised as £15K over the original asking price. It has now become clear that there are major roof deficiencies, missing slates, rotten timbers, end-of-life parapet guttering, underfelting - the works, it needs a complete replacement and a Section 20 will be issued in due-course.
I would still like to proceed with the purchase, but from the figures i've seen the cost is likely to exceed £20K per resident.
Should I reduce my offer - and if so, by how much? Should I leave it until close to exchange so as to give my vendors less opportunity (regarding their chain) to look for another buyer?
Would be so grateful for some advice here!
Thanks
Kiri
I'm looking for some advice on how to proceed with my buy on a London apartment. My offer was finalised as £15K over the original asking price. It has now become clear that there are major roof deficiencies, missing slates, rotten timbers, end-of-life parapet guttering, underfelting - the works, it needs a complete replacement and a Section 20 will be issued in due-course.
I would still like to proceed with the purchase, but from the figures i've seen the cost is likely to exceed £20K per resident.
Should I reduce my offer - and if so, by how much? Should I leave it until close to exchange so as to give my vendors less opportunity (regarding their chain) to look for another buyer?
Would be so grateful for some advice here!
Thanks
Kiri
