Building surveys are one of the cornerstones of any house purchase process. They need to happen in the final stages of the buying and are a tool for both you and the Mortgage lender so that you can both be sure that the property that you are buying is the one structurally sound and not in need of any repair work. For the most part there is very little to report other than the odd minor issue however in some cases it is possibly serious. What does this mean and what are the next steps? If you’ve used Sam Conveyancing, the Building Survey Chelmsford experts, then help is at hand and they can advise you.
The first thing to do is not to panic. Yes, you might have already invested a lot of time and some money into the purchase but you should try and see it as a blessing. Whilst it is better that nothing is wrong if there is an issue it is better to know about it before you exchange contracts. The last thing that you want is to move into the place and then find a raft of issues that you then subsequently have to pay for in putting right. For example, if you knew there was something fundamentally wrong with a washing machine and that it would break down 3 weeks after buying it then you certainly wouldn’t buy it.
The survey gives you and the conveyancer room for manoeuvre. You can go back to the seller with the evidence and renegotiate the price