Your offer to purchase is ‘subject to contract’ and this includes the results of any survey that is undertaken. If your survey report has identified defects in the construction then these will have a cost associated with the repairs and will therefore affect the property value.
The estate agents negotiating the sale see this on a daily basis so will know how to advise both parties. It is very often the case that sales completely abort due to a bad survey, so the vendors should not dismiss your concerns.
If your surveyor has priced the cost of repairs, I would suggest you email a list of defects and the associated costs of repair. The vendor will then need to consider a reasonable discount if they want to sell within a reasonable time frame.
It is also worth noting that the agents would not have known about the repairs when they valued the property, so a discount is not an unreasonable request.
Wilde Trice Consultancy Ltd
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