You can give it a go but if I was selling I would tell you where to get off.

If the valuer has come up with the same value as you have offerred then I assume he has taken into account all the problems you have found in the Homebuyers report. If he hasn't mentioned them then you need to get back onto him/her.

If the rebulding cost is 28,000 then it is low!!! However if it is 280,000 then it could be right as the land with no house on it would have a value.Depends on the gae and contruction of the property.

Hi --- You are perfectly at liberty to approach the vendor with the list of works required, in order to re-negotiate the price which would allow for the total cost of the works carrying out, and indeed you should.

Have estimates for all the required works carrying out then offer the vendor the reviewed price, after all you are the buyer, why should you pay more for the house than it's worth. !! Don't forget it's becoming a buyers market with house prices dropping slightly already, get as much off as you think you can.

Snap.....

Absolutely yes. This is an ideal opportunity to re-negociate the cost and is well known and expected. The sellers estate agent will not like it as it will effect their final fee but you have to just think of yourself as it is such an expensive purchase and you have such a large deposit. Just explain to the buyers you need to allow for this work to be carried out and as you are new to the market you under-estimated the cost of the work that would be involved. I wish you lots of luck and stay strong. Be positive and say that this is the maxium you will pay after taking off the expenses

I had a homebuyer report done at the same time as valuation by bank surveyor.

Though valuation is exactly the same as the agreed/offered price (purchase can be considered at the price quoted in the present condition of the house), homebuyer report suggests some urgent repairs and a few other improvements.

I anticipated the decoration/expenses required at the time of making the offer but I did not expect problems with guttering,soffits and fascia,  tree roots left over in the garden from recent removal of trees, some dampness and non-functioning garage door etc.

My qn is...can I re-negotiate the price even when bank valuation is okay.Considering the market, I want to keep some margin in case I have to sell the house in a year time which is quite possible.

I am bit skeptical of bank valuation as I am putting a big deposit of about 50% of total value and my financial situation/ credit history is very good. They may not be really worried about the worth of the house.For a house valued 350000 rebuiding cost for insurance purposes at 28000 seems a bit too low to me.

Any suggestions...apologies if I am being stupid...I am just novice to property market.