Media Coverage: Buyers skimping on home survey check
Cost of repairs can often be offset against the price...
...Research by reallymoving.com has revealed an estimated 80 per cent of homebuyers do not commission any kind of survey, relying solely on the mortgage lender's valuation. However, many buyers are unaware that such a valuation does not assess the structure of the building and some buyers then face bills running to thousands of pounds for repairs...
...Rosemary Rogers, director of reallymoving.com, said: "It's very hard for the untrained eye to identify potential problems when viewing a home.
"Some buyers may feel this is an unnecessary expense, but this very often proves to be a false economy."
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