Survey before sale agreed - cost to be shared?

cake

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Has anyone ever heard of this before - have bid on a property and agent has contacted me that there is a counter offer. He says that as the property is very old and may require extensive work, that he is advising both bidders to get a joint survey done now (i.e. before either offer has been accepted or a Dutch Auction is begun) in order to get a realistic costing of the work involved in getting the building up to scratch. He says this is to avoid a situation where a Dutch Auction leads to a final agreed price in excess of asking price which the successful bidder then wants to lower when the harsh reality of the survey hits. He says this happens regularly with old country houses where potential purchasers get carried away by the romance of the property and haven't a clue about the real costs involved. It is very messy as the proposed lower offer is usually below the underbidders last offer and they have to be contacted again, not to mention that the vendor is annoyed that s/he is not getting the higher price. This property is based outside Dublin. Would the IAVI be able to advise on whether this is a common practice?
 
We just bought an old country property in need of work and didn't have the official survey done before going sale agreed. We did, however, bring a friend along to one of the viewing who is a surveyor, so he could eye up any obvious problems. I haven't heard of having the survey done before going sale agreed but it might be worth considering if you are serious about the property. I would wonder however what would happen if a third party becomes interested after the survey has been completed, are they privy to the information as well, that you have already paid for? It sounds a bit messy...A survey dosen't cost that much and it may be worth getting your own private survey done and then you alone would own the results.
 
Thanks for the reply Lady Jane - yep your reservation is one of the stumbling blocks we've raised with the agent and we are currently considering the options. Messy is the word.............. IAVI have never heard of the practice but they don't see any inherent problem with it.
Anyone else have any thoughts?
 
It does sound like a sensible idea but for the issues raised by ladyjane. If it is seen as beneficial to the current owner too surely they could pay for the survey, and include the cost in the eventual sale price which would reasonably reflect the amount of work to be done.
 
agent has contacted me that there is a counter offer.

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he is advising both bidders to get a joint survey done now

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Would the IAVI be able to advise on whether this is a common practice?
Expecting EAs to give independent, professional advice to buyers is a bad idea.
 
It could theoretically be agreed that an independent survey be carried out by X, just paid for by the vendor.
 
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