How Long Does a Property Survey Take?
If you’ve had a property survey done, you may be eager to get the report back. So how long can you expect to wait for a house survey results?
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If you’ve had a property survey done, you may be eager to get the report back. So how long can you expect to wait for a house survey results?
If the survey reveals some issues, then the buyer may want to pull out of the sale. If they do not pull out of the sale, they may want to negotiate the price or ask that these issues are resolved before they go ahead with the sale.
Although a house survey can’t fail, it can influence if the buyer wants to go ahead with the sale. Here are some of the common issues that are found during a house survey:
If a house survey uncovers problems, there are several options for you to consider. It is important that you understand the implications of the issues and how these might be able to be resolved.
If the issues discovered during the survey mean that you do not want to proceed with the sale, then you are able to pull out of the sale at this stage with no issues. If you are still interested in the property, you might want to ask the seller if they’d consider fixing the issues found during the survey before you exchange contracts.
Another option is to ask the seller to renegotiate on the price if you are willing to address these issues yourself.
Usually, the seller of the house does not get a copy of the survey as it is the buyer that pays for the survey.
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