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Hello all, I was just wondering where I stand with getting my Valuation money back.
Basically, I had my offer accepted on a house, and paid for a valuation. I had the report back, which devalued the property by 5k, due to damp and other bits and pieces. I sent the report to the estate agents, to pass onto the vendor, and asked whether the vendor would sell me the property at the lower cost, or fix the problems highlighted in the report, to get the price he wanted for the house. I had a response a few days after, saying that the vendor would sort out the problems highlighted in the report. A week later, I get another phone call, from the estate agents, telling me that the vendor has decided that after he has done all the work on the report, he is going to re-market the property at 17k more than what we had agreed, as he has seen other properties in the street go for sale at higher prices. I feel this is morally wrong, as he is working off the report I paid for. Also, from what I understand, the house was left to him in a will, so it's not like he's even paying for the mortgage (I'm guessing), it seems to be out of pure greed. I contacted the estate agents, to see if the vendor would be willing to give me the valuation fee back, as a good will gesture, but he has said no. Where do I stand legally with this? From my understanding, this is simply the risk you take. Any help would be much appreciated.
Basically, I had my offer accepted on a house, and paid for a valuation. I had the report back, which devalued the property by 5k, due to damp and other bits and pieces. I sent the report to the estate agents, to pass onto the vendor, and asked whether the vendor would sell me the property at the lower cost, or fix the problems highlighted in the report, to get the price he wanted for the house. I had a response a few days after, saying that the vendor would sort out the problems highlighted in the report. A week later, I get another phone call, from the estate agents, telling me that the vendor has decided that after he has done all the work on the report, he is going to re-market the property at 17k more than what we had agreed, as he has seen other properties in the street go for sale at higher prices. I feel this is morally wrong, as he is working off the report I paid for. Also, from what I understand, the house was left to him in a will, so it's not like he's even paying for the mortgage (I'm guessing), it seems to be out of pure greed. I contacted the estate agents, to see if the vendor would be willing to give me the valuation fee back, as a good will gesture, but he has said no. Where do I stand legally with this? From my understanding, this is simply the risk you take. Any help would be much appreciated.
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