House purchase - Japanese Knotweed

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JEPPY
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Joined: Thu Feb 21, 2019 6:35 pm
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House purchase - Japanese Knotweed

Postby JEPPY » Thu Feb 21, 2019 6:46 pm

We have put an offer in a house (and this has been accepted), only to find out that the neighbour has japanese knotweed in the garden (it is tiny and currently being professionally treated), the current owners have also put in a treatment plan, although there is none in their garden.  So no problem with the mortgage. But is it worth it?  Should we just walk away? 

I know it is fairly common in this area (Balham, Tooting, near the Wandle) and I'm not particularly worried about it causing 'damage' (especially if treated) as from my understanding the media makes it out to be worse than it is but whilst we love the house, we only envisage ourselves there for five or so years, I'm worried about the stigma and whether it could affect resale in the future.
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sloaney donkey
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Joined: Tue Aug 08, 2017 9:37 pm
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Re: House purchase - Japanese Knotweed

Postby sloaney donkey » Thu Feb 21, 2019 9:31 pm

Walk away

It is hugely expensive to treat. May not sell in a weak market and you never know, it may come back.

There are plenty of homes out there in this weak market waiting for offers. Maybe you have your hear set on it but use your head and walk away.

They will probably come back 5% cheaper a couple of days after you walk.
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