Happy couple celebrating after successfully negotiating their West Yorkshire property purchase price using their building survey report
Property Tips

How to Negotiate the Purchase Price Using Your Survey Report

Ian Stuart Gibson, Lead Surveyor 14 October 2024 6 min read

One of the most valuable — and underused — aspects of a building survey is its power as a negotiating tool. At Bradford Shipley Surveyors, we've helped dozens of buyers across West Yorkshire use their survey reports to negotiate significant reductions in purchase prices. Here's how to do it effectively.

When Should You Try to Renegotiate?

Not every survey finding warrants a renegotiation. Minor items — a leaking overflow pipe, a few missing roof tiles — don't justify going back to the seller. But there are scenarios where renegotiation is clearly appropriate:

  • The survey has identified significant structural issues (movement, cracking, subsidence indicators)
  • Roof replacement is needed in the near term
  • Extensive damp treatment is required
  • Defective drainage needing specialist investigation
  • Outdated or unsafe electrical installation requiring full rewire
  • Any condition rating 3 item with estimated remediation costs over £1,000

Step 1: Get Contractor Quotes Before You Renegotiate

Before approaching the seller, get actual quotes from contractors for the significant works identified in your survey. This turns vague survey language ("the roof covering may require attention in the near future") into concrete numbers ("re-roofing quoted at £9,500").

Your surveyor can help you understand which items are the most significant and which contractors or specialists are best placed to quote. At Bradford Shipley Surveyors, we're always happy to help clients understand the cost implications of the defects we identify.

Step 2: Approach the Seller Professionally

The best approach is usually through your solicitor or estate agent, providing a written summary of the key findings and the associated remediation costs. This should be:

  • Factual and unemotional. Stick to what the survey found and what the costs are — avoid making it personal.
  • Specific. "The survey identified penetrating damp to the north elevation requiring repointing and internal replastering, quoted at £3,200" is much more persuasive than "there's damp."
  • Reasonable. Asking for the full cost of all identified defects to be knocked off the price is rarely successful or fair. Focus on the significant items.

Step 3: Consider Your Options Beyond Price Reduction

A straight price reduction isn't the only option. You might also consider:

  • Seller carries out works: The seller agrees to have specific defects fixed before completion, with work inspected and certified by your surveyor
  • Money off completion: Agreed repair costs are deducted from the completion payment rather than the headline price
  • Retention: Your solicitor holds a portion of the purchase price until specific works are completed post-completion

When to Walk Away

Sometimes — not often, but sometimes — the right decision is to withdraw from the purchase altogether. This is usually the case when:

  • The defects are so extensive that the cost of remediation would exceed what the renegotiation can reasonably achieve
  • The seller refuses to renegotiate despite clear evidence of significant defects
  • Further specialist investigation reveals problems more serious than the original survey indicated

Walking away is never easy — especially after weeks of excitement and investment in the purchase. But it's much better than completing on a property with problems you didn't fully understand. And that's precisely why you commissioned the survey in the first place.

"We used Bradford Shipley Surveyors' Level 3 report to negotiate £6,500 off the asking price on our house in Bingley. The roof needed replacing and there was damp to two bedroom walls. Ian helped us understand the cost implications and our solicitor handled the renegotiation. We saved more than ten times the cost of the survey." – Bradford Shipley Surveyors client, Bingley

Protect your property investment

Commission a RICS building survey from Bradford Shipley Surveyors and buy your West Yorkshire property with real confidence.

Get a Free Quote