Hi people,
I am asking this for my friends that have gotten themselves into a situation. They are typical first home buyers, trusting the REA and everything, signed an offer for a house that has been accepted and subject to finance and building+pest inspections.
The pest inspection found evidence of treatment for termites, the vendor confirms that some years ago they had a house treated and lost the paperwork. I believe my friends still can cool off.
What would you suggest, should they try and knock the price down? If that succeeds, go ahead with the purchase? Or cool off no matter what, because eventually they will need to sell that house and the word "termites" will drive potential buyers away? If knock the price down - how much (the offer they signed is for 294K, not exactly a bargain for that money)?
I am asking this for my friends that have gotten themselves into a situation. They are typical first home buyers, trusting the REA and everything, signed an offer for a house that has been accepted and subject to finance and building+pest inspections.
The pest inspection found evidence of treatment for termites, the vendor confirms that some years ago they had a house treated and lost the paperwork. I believe my friends still can cool off.
What would you suggest, should they try and knock the price down? If that succeeds, go ahead with the purchase? Or cool off no matter what, because eventually they will need to sell that house and the word "termites" will drive potential buyers away? If knock the price down - how much (the offer they signed is for 294K, not exactly a bargain for that money)?