our surveys have come back...

[loulou06]

and our mortgage lender doesnt believe the property is worth what we have offered because it needs a new boiler and the electrics look ropey. so what happens now? do you reckon the vendor will offer to do the work so we can pay the original price or will he drop the price and not do the work. from what i can gather the vendor wants a quick sale. what would you do???

[clever trev]

I think you need to get real here, you get a quote for the work thats needs to be done, ask him if he/ she will pay for it , if not offer him a lot lower price. ok

[RATTER15]

I concur!!

[dolly pond]

clever trev is right, get the quotes and be assertive. dont offer any comprimise. for eg, if your lender has down valued, take a copy of it to estate agent. if they put a retention on it, take it to agent and use them to re-negotiate. good luck
i`m an estate agent so feel free to ask me if u need help. dont be bullied, be strong!!! xx