From: Ken .
I have a problem, a little background -
I have a signed contract on an IP, and just prior to settlement, there was a small fire in the house (fire brigade attended). Some floor needs replacing and a complete paint and re carpet due to smoke water and fire damage.
I was informed by the vendor that their insurance would fix everything up, including electrical safety check. I was happy with this and was willing to extend settlement to allow this to be done.
My solicitor has just informed me that he has received a letter stating that the vendor wants to lower the contract price and for me to take the property as is. I have instructed my solicitor to write back telling the vendor-
1.That I am quite happy to pay the contract price for the property with it repaired to the pre fire condition.
2. The discount offered would not be enough for me to do all necessary repairs and replacements.
Could anybody (or everybody) advise me on where I stand in this situation, where it may lead from here and what options are open to me depending on the response from the vendor to my reply.
Thanks in advance, at least property is never boring, always some challenge.
Ken.
I have a problem, a little background -
I have a signed contract on an IP, and just prior to settlement, there was a small fire in the house (fire brigade attended). Some floor needs replacing and a complete paint and re carpet due to smoke water and fire damage.
I was informed by the vendor that their insurance would fix everything up, including electrical safety check. I was happy with this and was willing to extend settlement to allow this to be done.
My solicitor has just informed me that he has received a letter stating that the vendor wants to lower the contract price and for me to take the property as is. I have instructed my solicitor to write back telling the vendor-
1.That I am quite happy to pay the contract price for the property with it repaired to the pre fire condition.
2. The discount offered would not be enough for me to do all necessary repairs and replacements.
Could anybody (or everybody) advise me on where I stand in this situation, where it may lead from here and what options are open to me depending on the response from the vendor to my reply.
Thanks in advance, at least property is never boring, always some challenge.
Ken.
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