Really need your help on this one

Share

You’re right to be concerned. This situation has a couple of issues:

Misrepresentation by Deal Sourcer:

  • If the deal sourcer explicitly told you the electrics and boiler were brand new, and they turn out to be faulty and in need of replacement, that could be misrepresentation.

Discrepancy in Sale Price:

  • The discrepancy between the agreed price (£87,000) and the memorandum of sale (£88,000) is also a concern.

Here’s what you can do:

  1. Gather Evidence:

    • Keep copies of all communication with the deal sourcer, especially where they mention the condition of electrics and boiler.
    • Get quotes from qualified electricians and plumbers for repairs or replacements.
    • Obtain a copy of the signed memorandum of sale.
  2. Negotiate:

    • Contact the deal sourcer and explain the situation. Provide evidence of the misrepresentation and repair costs.
    • Try to negotiate a solution, such as a reduction in their fee to cover the repairs, or them covering the cost of repairs entirely.
  3. Consider Legal Options:

    • If negotiation fails, you might need to consider legal action against the deal sourcer for misrepresentation. However, this can be expensive and time-consuming.
  4. Regarding the Sale Price:

    • The difference of £1,000 might not be a dealbreaker, but it’s worth clarifying with the estate agent.
    • You can try negotiating with the seller based on the need for electrical and boiler repairs, potentially using the repair quotes as leverage.

Additional Resources:

Here are some important things to remember:

  • Carefully review all documents before signing anything, especially the memorandum of sale.
  • Don’t rely solely on verbal assurances. Get everything in writing.
  • Consider getting your own survey done on the property to identify any potential issues before committing to the purchase.

I hope this helps! This situation might be frustrating, but by gathering evidence and exploring your options, you can hopefully reach a favorable resolution.

Read more

Local News