Has anyone purchased a house with signs of subsidence? Or sold one?

You are here : Member Forums General Discussion Has anyone purchased a house with signs of subsidence? Or sold one?
This topic has been locked as no posts have been made within the last 90 days.
J
J1181
1 Posts
0 Thanks

Hi All,

I am looking for advice from anyone who has managed to purchase a house with signs of subsidence and negotiate a significant discount. Or if you anyone has sold a house with subsidence, it would be interesting to get your perspective as a seller.

I am considering purchasing a house which has signs of subsidence (some cracking on the inside walls and two small cracks on the exterior walls) which have been identified as being longstanding and non progressive and am looking for advice on how to go about negotiating a lower offer than what was agreed.

Items I have on my list for consideration so far:

- Higher insurance costs potentially

- Difficulty selling as future buyers may be put off

- Remedial works are only as good as the quality of the contractor, so problems may reoccur in the future - most costs

- Could be more difficult to obtain finance and higher rates

Any help or advice would be much appreciated.

Thanks

Andrew

28/12/2017 23:17

Want to read more?

This is a members only forum, if you want to read more you need to login to your membership, if you are not a member, click here to join.

This topic has been locked as no posts have been made within the last 90 days.
Landlord & Investment Show
Remove a Tenant
Landlord Broadband
John Pye Auctions

Share this page