Receiving survey results can be a nerve-racking experience. While many surveys uncover minor issues, occasionally they flag problems that give buyers pause. Knowing how to respond calmly and strategically can help you decide whether to renegotiate, proceed, or walk away.
Firstly, it's crucial to understand the severity of the issues identified. Surveys often highlight a range of concerns, from cosmetic wear to more serious problems like damp, roof defects, or structural movement. Take time to read the report carefully, focusing on items that affect safety, long-term value, or could result in significant repair costs.
If the survey raises technical concerns, consider bringing in a specialist—such as a structural engineer or damp surveyor—for a more detailed assessment. This can clarify whether the issue is minor, ongoing, or likely to worsen, helping you make an informed decision rather than reacting on fear alone.
When substantial problems are identified, renegotiation is a common and reasonable step. You may ask for a reduction in the purchase price to reflect the cost of repairs, or request that specific works are completed before you proceed. Having clear evidence and realistic figures strengthens your position.
Deciding whether to proceed is a personal choice. Some buyers continue with the purchase, particularly if the property is otherwise ideal and the price reflects its condition. Others may decide the risk or cost is too high. Walking away can be disappointing, but it’s sometimes the wisest financial decision.
It's important to keep perspective. Very few properties are perfect. The key is understanding which issues are manageable and which could become long-term burdens.
A survey isn’t there to stop you buying—it’s there to protect you. Used properly, it gives you the knowledge to move forward with confidence, on your terms. If you need guidance navigating survey surprises, our team at Bond Residential is here to support you every step of the way.
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