I purchased a 3bed semi 3yrs ago & the valuation report identified the property being constructed of bricks & render. The property is up for sale now & have had a lot of interest. Within 2wks I agreed an offer by an investor as I wanted a quick sale. When he had his survey it came to light that the property is in fact a Wimpey No fines concrete build NOT brick. My buyer pulled out of the sale as his mortgage lender does not mortgage concrete buildings. I am now having problems finding a buyer willing to pay the same amount as my original buyer. Has anyone had a similar experience or can someone advise if it is possible to be compensated by the surveyors that originally did the valuation report as if I do take up the offer made by new interested parties it would be £3-5k less than the original sale price & I will have also accrued extra mortgage payments due to the inconvenience of putting the property back on the market.
2007-05-04
00:55:33
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6 answers
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asked by
sweetp
2
in
Business & Finance
➔ Renting & Real Estate