How to Renegotiate House Price After Survey Asbestos in Devon

If you're buying a property in Devon, it is essential to get an asbestos survey done to ensure that the property is safe to inhabit. Asbestos is a toxic substance that can cause serious health problems, including cancers such as lung cancer and mesothelioma. As a buyer, your survey report might come back with concerns about asbestos, which can impact the price of the property. This guide will discuss what to do when faced with these issues and how to renegotiate the price of the property.

About Affordable Asbestos Removal Devon

Affordable Asbestos Removal Devon is a reputable asbestos survey company in Devon that offers comprehensive surveys for both commercial and residential properties. Our company is well-versed in identifying any asbestos issues in a building, and we provide our clients with a detailed report outlining our findings. We provide our clients with the information they need to make informed decisions about the safety of their property.

The Importance of a Survey

An asbestos survey is a thorough examination of a building to identify any asbestos-containing materials (ACMs). The survey is performed by a qualified asbestos surveyor, who will collect samples of materials suspected to contain asbestos. These samples are then analyzed in a lab to determine whether they contain asbestos.

It is essential to have an asbestos survey done before purchasing a property in Devon because it will ensure that you are aware of any asbestos issues in the building. Asbestos-containing materials are hazardous when disturbed, and exposure to asbestos fibers can lead to long-term health complications. Therefore, as a buyer, it's always best to be informed about the building's asbestos status.

What To Do If Asbestos Is Found

If asbestos is found in a property, it doesn't mean that the property is unlivable. It might only mean that certain parts of the building might require asbestos removal or management. However, the primary concern for buyers is how to renegotiate the property price if asbestos is found.

If asbestos is found in a property you want to buy, you have several options. The first alternative is to withdraw from the sale if the asbestos issue is severe. The second option is to renegotiate the sale price based on the cost of remedying the asbestos issue.

Renegotiating the Price

If you want to renegotiate the property price based on asbestos issues found in the house survey, there are a few steps to follow. You must be prepared to make a case for why the price should be lowered based on the survey findings.

Make the Seller Aware

The seller may not be aware of the asbestos issue and may not have factored in the cost of remediation in the asking price. Therefore, the first step is to provide the seller with the survey report and highlight the asbestos issues found.

Offer A Lower Price

After providing the seller with the survey report, make an offer based on the cost of remediation. The offer should be lower than the asking price of the property and should reflect the cost of remedying the asbestos issue. The seller may not accept your offer, but it's worth discussing and negotiating a fair price.

You'll Need Proof of Remediation Cost

It's essential to have an idea of how much it will cost to remediate the asbestos issue so that you can factor it into your offer price. This will require getting quotes from licensed asbestos removal companies in Devon to understand the expected cost of the work. This proof will help you and the seller come to a reasonable negotiation.

You'll Need More Information

It is crucial to understand the scope of the work required to manage the asbestos issue before making an offer. You should discuss this with a licensed asbestos removal company so that you are aware of the options available to you. You and your solicitor should research the asbestos law and how it impacts renovating or selling a property in Devon.

Conclusion

Dealing with asbestos issues after a survey report can be a challenging process, but it is crucial to the safety of the building's occupants. Asbestos is a hazardous material that can cause health problems, so it is important to get a survey done to identify any issues. As a buyer, it's essential to be informed about potentially hazardous building materials when considering a purchase, especially with asbestos.

If you are struggling to negotiate with the seller after an asbestos survey, Affordable Asbestos Removal Devon can help. Our licensed asbestos removal experts have the experience to guide you through the process and offer advice. We encourage all buyers to seek professional advice before closing on a property purchase, particularly after a property survey raises any concerns. Please call us today at 01962 458066 to discuss our services or visit us on our website https://www.affordable-asbestos-removal-devon.co.uk/.