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+--- Thread: Honour amongst thieves (/showthread.php?tid=5359)
Honour amongst thieves - Marc Berger - 26th September 2014
A client of mine has just suggested that I lost her a bid on some land (which had the word Manor in the address). I had said to her get an evaluation or that a £40000 claw back or they could share the costs would just about cover it. I don't know which one she went with (it wasn't evaluation) but I do know the seller knows thats what I had said as he was the one that walked me round the land. What my clients is saying is that the other bidders did not even think about the archaeology and that the seller had gone with one of them. I have tried two defences so far, one is that the other bidders had thought about archaeology because I would have thought that the seller would be honour bound to tell them that the archaeology could cost up to £40000 and have taken that into their costs. (the other is that the seller was sexist). None of these reasons have gone down well Just wondered if anybody had been through this? Does the seller have to tell the other bidders?
Honour amongst thieves - Jack - 26th September 2014
Not sure, but isn't it the buyers prerogative to find out about any hidden surprises about land before they buy it?
Honour amongst thieves - Dinosaur - 26th September 2014
Can see this thread showing up a sad lack of knowledge of such things amongst the too-poor-to-own-property ranks of archaeologists }
Didn't they introduce some 'pack' thingy a while back that sellers had to prepare for prospective buyers? [says man/male reptile working off half-remembered snippets from radio newsbulletins driving to and from jobs...]
Honour amongst thieves - Marc Berger - 26th September 2014
I think that that got scrapped as unworkable http://www.bbc.co.uk/news/10130254
but I can across this http://www.latimerhinks.co.uk/news-story.asp?id=208#.VCVpJyx0y00
Honour amongst thieves - Tool - 26th September 2014
I know archaeologists are generally very knowledgeable folk, but wouldn't it be worth looking at some property-related forums for advice on seller obligations? Here's some: http://blog.zoopla.co.uk/2009/04/03/top-10-property-forums/
Honour amongst thieves - Dinosaur - 29th September 2014
Tool Wrote:I know archaeologists are generally very knowledgeable folk...
You speak from the advantageous position of having had a life in the real world before joining our merry ranks! }
:face-stir:
Honour amongst thieves - kevin wooldridge - 29th September 2014
Don't quite see how you can be so precise about the price prior to eval. What if the curator decides that works amounting to £100,000 are necessary or that the site is so important that permission is refused.....or that no archaeological works are required? Don't think the seller has any liability at all. Surely it is the buyers planning proposal that might require archaeological works, not the seller?
Honour amongst thieves - drpeterwardle - 29th September 2014
Have to say I don't like the title of the thread.
I have to say I have been involved in the buying on land for over 25 years and there is no easy answer to this. It all depends on what view the other bidders have taken. Many will ignore the archaeology even if it is a SAM others will be put off by it.
The evaluation is relatively unimportant - the question is what is the extent of the archaeology and how much will have to be dug out. The less information the more of a guess is been made.
Dr Peter Wardle
Honour amongst thieves - Tool - 29th September 2014
Dinosaur Wrote:You speak from the advantageous position of having had a life in the real world before joining our merry ranks! }
My tongue may have been inching, sorry, millimetreing, towards my cheek, but hey, I'm from construction. The same industry that provided the following question a couple of weeks back about our metalled surface - 'so, is that made of metal then?'
Honour amongst thieves - Marc Berger - 30th September 2014
Peter the point that I am trying to get at is does the seller have to inform the other bidders that an archaeologist has suggested that there might be a cost of archaeology to be considered in the value of the land?
Quote:The evaluation is relatively unimportant - the question is what is the extent of the archaeology and how much will have to be dug out. The less information the more of a guess is been made.to my mind the less information the more of a guess is made makes the relatively inexpensive evaluation the only tool that an an archaeologist has to cost the archaeology.
Quote:Don't quite see how you can be so precise about the price prior to evalYes and the evaluation should be done before sale or as a condition of sale.