Buying a home is likely the biggest financial decision you will ever make, which is why getting a professional survey is so important. When your survey reveals issues with the property, you have options – but knowing how to use this information effectively can make the difference between a successful negotiation and a deal that falls through. We discuss how you can use your survey results to protect your interests as a buyer.
Understanding your survey options
When you make an offer on a property, it is typically “subject to survey,” giving you the right to have the home professionally inspected before completing on the purchase. You have several survey options available:
Basic Valuation is usually arranged by your mortgage lender to confirm the property’s value supports your loan. While this protects the lender, it provides limited information about the property’s condition. Instead of relying on this valuation, you should commission a survey from an independent Chartered Surveyor, who will work on your behalf to give you a professional opinion on the property.
Condition Report offers an overview of the property’s condition, highlighting any obvious problems and urgent issues that need attention.
Homebuyer Report provides more detailed information about the property’s condition, including advice on repairs and ongoing maintenance issues.
Building Survey is the most comprehensive option, ideal for older properties, unusual buildings, or homes you plan to renovate. It provides detailed analysis of the property’s construction and condition.
Specialist Reports may be recommended if initial surveys identify specific concerns like damp, structural issues, or problems with electrical or heating systems.
Your rights as a buyer
Understanding what you can and cannot do with survey information is crucial for effective negotiation.
You Control the Information. Survey reports belong to you. You decide whether to share them with the seller and can choose to reveal only specific sections if that serves your negotiation strategy better.
Your Surveyor Works for You. The professional Chartered Surveyor conducting your survey has a duty of care to you, not the seller. They cannot discuss the report with the seller without your permission, and their assessment should be unbiased and thorough.
You Have Negotiation Power. Armed with professional survey findings, you’re in a strong position to request price reductions, ask for repairs to be completed, or negotiate other terms that reflect the property’s true condition.
Assess the severity of issues
Not every problem identified in a survey report should trigger renegotiation. Focus on:
Safety Issues such as electrical hazards, structural problems, or gas safety concerns, should be your top priority.
Costly Repairs that weren’t apparent during viewings, like roof problems, damp issues, or heating system failures.
Legal Compliance Issues such as building regulation violations or planning permission problems.
Future Maintenance Costs that significantly exceed normal expectations for a property of this age and type.
Develop a negotiation strategy
Get Repair Estimates. Before approaching the seller, obtain quotes for any significant work identified. This gives you concrete figures to support your negotiation position.
Prioritise Your Requests. Decide what is most important to you. Is it a price reduction, completed repairs, or warranties for specific systems? Focus on your key priorities rather than creating a long list of minor issues.
Consider Market Conditions. In a competitive market, sellers may be less willing to negotiate. In a buyer’s market, you may have more leverage to secure concessions.
Present professional evidence
Your survey report is your strongest negotiating tool. Present findings professionally and focus on facts rather than emotions.
Be reasonable but firm
Sellers are more likely to negotiate with buyers who present reasonable requests backed by professional evidence rather than those making excessive demands.
Offer creative solutions
Consider alternatives to straight price reductions:
- Ask the seller to complete specific repairs before completion;
- Request warranties or guarantees for certain systems;
- Negotiate a retention (money held back from the purchase price until repairs are completed);
- Split the cost of necessary work.
Work with your estate agent
Your agent should have experience with survey negotiations and can advise on what is reasonable to request, given the local market and property type.
Understand the seller’s position
Remember that sellers may be frustrated or defensive about survey findings. They might genuinely disagree with the surveyor’s assessment or feel that requests are unreasonable.
Know when to walk away
Don’t be pressured into accepting a property with serious problems just because the seller won’t negotiate. Safety issues and major structural problems should never be ignored.
Sometimes the best decision is to end the purchase. Consider walking away if:
- The seller refuses to address serious safety concerns;
- The total cost of necessary repairs exceeds your budget;
- You discover the property has fundamental problems that weren’t disclosed;
- Negotiations become hostile or unproductive.
Protecting yourself throughout the process
Keep detailed records. Document all communications about survey findings and any agreements reached about repairs or price adjustments.
Get agreements in writing. Any concessions or repair commitments should be included in the contract or confirmed in writing before you proceed.
Consider follow up inspections. For significant repairs, you may want to arrange for reinspection before completion to ensure work has been completed satisfactorily.
Budget for unexpected issues. Even with a thorough survey, older properties can spring surprises. Keep some financial reserves for unexpected repairs after you move in.
A professional survey is one of your most valuable tools as a home buyer. It provides the information you need to make informed decisions and gives you legitimate grounds for negotiation. Use survey findings strategically, focus on significant issues, and don’t be afraid to walk away if a property has problems that the seller won’t address appropriately.
Remember, you’re making a major investment in your future home. It is worth taking the time to ensure you’re getting good value and that any significant issues are resolved before you commit to the purchase. The temporary inconvenience of tough negotiations or even starting your search over is far better than years of dealing with expensive problems that should have been addressed before you bought the property.