Can you sell a house with survey problems?

Selling a house with survey problems can be challenging but not impossible. Whether it’s structural issues, damp, or outdated electrics, survey problems often deter buyers or lead to renegotiations. 

These issues can become particularly problematic in a property chain, as they increase the risk of the sale falling through. Buyers further down the chain may withdraw if delays occur or if their mortgage lender refuses to proceed due to unresolved problems. Survey-related complications can cause uncertainty, disrupt timelines, and create stress for everyone involved.

However, understanding your options can help you navigate the process effectively and still achieve a sale. By choosing The Property Buying Company, a trusted cash house buyer, you can avoid the stress of survey-related complications and sell your home quickly and hassle-free. 

Our experienced team will guide you through the process, provide a fair cash offer, and ensure a smooth transaction. We specialise in helping sellers in difficult situations, ensuring a stress-free solution tailored to your needs.

What survey issues can stop a house sale?

Certain survey issues have a higher likelihood of derailing or delaying a property sale, as they can raise significant concerns for buyers, lenders, or insurers. These problems often require costly or time-consuming repairs, making the property less appealing or harder to finance. 

Below are some of the most common issues that can cause complications during the sale process:

Structural issues

Cracks in the walls, subsidence, or roof damage can be major red flags. Buyers may worry about the cost of repairs or the long-term stability of the property. Left unresolved, these issues can lead to substantial delays or even lost sales.

Structural repairs, such as fixing subsidence or foundation problems, can cost between £5,000 and £25,000 or more. Minor cracks or issues may cost less, but more extensive work will be significantly pricier.

Fixing structural issues can add 10-20% to the property’s value, especially if subsidence or foundational problems are resolved. For a £250,000 property, this could mean an increase of £25,000 to £50,000.  Buyers are typically unwilling to purchase properties with unresolved structural problems, so fixing them makes the property mortgageable and more desirable.

Damp and mould

Signs of damp or mould can indicate underlying issues with the property’s drainage or insulation. Surveyors often highlight these issues as they can lead to further damage if left unresolved. Damp also raises concerns about energy efficiency and property maintenance.

Treating damp or mould can cost around £500 to £2,000, depending on the extent of the problem and the type of damp (e.g., rising damp or penetrating damp). Severe cases requiring extensive replastering or damp-proofing may push costs higher.

Resolving damp or mould issues could increase the value by 5-10%, potentially adding £12,500 to £25,000 to a £250,000 property. Damp and mould are red flags for buyers, as they indicate underlying issues. Fixing these can make the property more appealing and liveable.

Electrical and plumbing problems

Old or faulty wiring and plumbing systems can pose safety risks and result in costly updates for new homeowners. Buyers may be unwilling to take on these risks, making it harder to secure a sale.

Rewiring a house can cost between £3,000 and £6,000, depending on the size of the property. Smaller electrical repairs, such as fixing sockets or circuits, are typically between £150 and £500.

Upgrading outdated or unsafe electrical systems can increase value by 5-10%, adding £12,500 to £25,000 to a £250,000 property. Modern electrical systems provide safety and convenience, making the property more attractive to buyers.

Plumbing repairs can range from £100 to £500 for minor leaks or issues, but replacing a boiler could cost £2,500 to £4,000, and a full plumbing overhaul may be £5,000 to £10,000.

Fixing plumbing issues, particularly replacing old systems or boilers, can add 5-7% to the property’s value, equating to £12,500 to £17,500 for a £250,000 property. Reliable plumbing is essential for functionality and comfort, reducing future maintenance concerns for buyers.

Asbestos

Many older homes contain asbestos, which can deter buyers due to the expense and risks associated with its removal. Asbestos issues may also limit buyer financing options.

Removing asbestos costs between £1,000 and £2,500, depending on the size of the area and the type of asbestos. Surveys alone may cost around £300 to £800.

Removing asbestos might add 5% to the property’s value, equating to around £12,500 on a £250,000 property. Asbestos is a significant health and safety concern. Its removal assures buyers that the property is safe and compliant with modern standards.

Japanese Knotweed

This invasive plant can damage foundations and other structures, making it a significant issue in property surveys. Its presence can make mortgage approvals difficult or impossible.

Professional treatment for Japanese Knotweed can cost £1,000 to £5,000 over several years, depending on the size of the infestation and the treatment method.

Eradicating Japanese Knotweed could add up to 10% to the value, or £25,000 to a £250,000 property. Knotweed is a serious concern for lenders and buyers. A property free from it is much more marketable.

Roofing problems

Missing tiles, leaks, or poor insulation can signal the need for an expensive roof replacement. Buyers may view these issues as high-cost barriers to purchasing the property.

Roof repairs for minor damage might cost around £200 to £1,000, while a complete roof replacement can range from £5,000 to £12,000, depending on the material and size of the roof.

Fixing or replacing a roof could add 10-15% to the property’s value, adding £25,000 to £37,500 to a £250,000 property. A sound roof protects the property and reassures buyers about long-term durability.

Selling your house to The Property Buying Company ensures you don’t have to worry about these issues stopping the sale. As cash buyers, we purchase properties regardless of survey problems, saving you time and effort. With no mortgage approvals required, we’ll handle your property swiftly and efficiently.

Should I fix my survey issues before selling?

Deciding whether to address issues identified in a property survey requires careful consideration of your individual circumstances, financial situation, and long-term priorities. 

The decision may depend on factors such as the severity of the issues, the cost of repairs, the impact on the property's value, and whether fixing them aligns with your plans for the property. 

Here are some important factors to take into account before making your decision:

When you sell to The Property Buying Company, you can skip the repairs and sell your house in its current condition. We’ll handle the problems, saving you time, money, and stress while ensuring a fair price. Our efficient process helps you move on quickly without the worry of managing costly renovations.

What types of buyers will buy my problem property?

Certain types of buyers may be more inclined to purchase a property with unresolved survey issues, as their motivations and circumstances make them more flexible or willing to take on the associated risks. These buyers often have the resources, expertise, or appetite for a project that allows them to see the property's potential despite its current condition. 

Examples of such buyers include:

Cash buyers

Cash buyers are less reliant on mortgage approvals, which can be affected by survey issues. This includes individual investors and professional property buying companies. Cash buyers can offer a faster, more secure sale without the risk of financing falling through.

Cash buyers often offer 70-85% of the market value of a problem property. For a property with a market value of £250,000, they might offer £175,000 to £212,500. They aim to purchase quickly and reduce risk, factoring in the cost of repairs and the potential for resale.

Property developers

Developers are often willing to take on properties with problems, as they have the resources to fix them and may see potential for profit. They are usually prepared to invest in substantial renovations to unlock the property’s value.

Developers usually offer 60-80% of the market value, depending on the scale of the required work and their expected profit margin. For a £250,000 property, offers might range from £150,000 to £200,000. Developers plan to invest significantly in renovations and need a sufficient margin for profit once the property is resold.

DIY enthusiasts

Some buyers are looking for a fixer-upper and are prepared to deal with survey problems in exchange for a lower price. These buyers typically have the skills or connections to manage the required work.

DIY enthusiasts may offer around 70-90% of the market value, depending on their budget and confidence in completing the repairs themselves. This could be £175,000 to £225,000 for a £250,000 property. They are often looking for a personal project and are willing to take on more risk than other buyers.

Buy To Let investors

Investors purchasing properties for rental income may overlook certain issues, especially if they plan to renovate before letting the property. These buyers are often experienced and understand the long-term value of addressing such problems.

Buy-to-let investors typically offer 65-85% of the market value, depending on the rental potential of the property after repairs. For a £250,000 property, they might offer £162,500 to £212,500. They focus on the property's future rental yield and account for repair costs to ensure a profitable return on investment.

The Property Buying Company specialises in purchasing properties with survey problems. As cash buyers, we make the process fast and straightforward, offering a guaranteed sale regardless of your property’s condition. Our team will take the hassle out of selling, allowing you to move on quickly with no delays or unexpected hurdles.

Can I sell my house as-is?

Yes, selling a house as-is is a viable option, particularly if you’re unable or unwilling to invest the time, effort, or money required to address survey problems. 

While selling a property without making repairs may limit the pool of potential buyers, it can still be an effective way to achieve a sale, especially if you market the property strategically and set realistic expectations. To make the process smoother and attract the right buyers, here are some helpful tips for successfully selling your home as-is:

1. Be Transparent: Disclose all known issues to potential buyers. Honesty builds trust and prevents legal disputes later. Providing a clear picture of the property’s condition can help attract serious buyers.

2. Price Realistically: Adjust your asking price to reflect the cost of repairs. A competitive price can attract buyers willing to take on the property’s issues. Consulting a property expert can help ensure you set an appropriate price.

3. Market to the Right Audience: Target cash buyers, developers, and investors who are more likely to purchase as-is properties. Highlighting the potential of the property can appeal to these types of buyers.

4. Work with a Specialist: Consider working with a property buying company or estate agent experienced in selling problem properties. Their expertise can streamline the process and ensure a successful sale.

When you sell as-is to The Property Buying Company, you can bypass the typical stresses of the sales process. We’ll make you a fair cash offer and ensure a smooth and fast transaction, regardless of your property’s condition. 

Plus, with no estate agent fees or lengthy delays, you can achieve a quick sale and peace of mind. Our personalised service is designed to accommodate your needs, making the process as seamless as possible.