Tag: Tips For Buying
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Stamp Duty Changes Scotland – Why to Buy and Sell Now
Read the article: Stamp Duty Changes Scotland – Why to Buy and Sell NowStamp Duty changes, announced by the UK government on 3 December 2014, took effect on 4 December 2014, significantly reducing Stamp Duty for the majority of property buyers. However, Stamp Duty will be replaced by Land and Buildings Transaction Tax (LBTT) in Scotland, for property purchases that complete on or after 1 April 2015, increasing…
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How Do People Find Property in Scotland These Days
Read the article: How Do People Find Property in Scotland These DaysThe estate agent’s window, or For Sale Boards outside a property, used to be the first ports of call for people looking to buy a property, however the rapid growth of the Internet over the last 10 years has changed the way that people buy and sell residential property. As a result, more and more…
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Is Location Everything When Picking Your New Home in Scotland?
Read the article: Is Location Everything When Picking Your New Home in Scotland?It could be argued that, if you had to pick one thing, location is the most important aspect when people are choosing their ideal home. After all, no matter how perfect the house is, most people won’t be prepared to commute 250 miles to work! So how do you find out what local areas are considered to be…
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Complete Your Property Education With MOV8’s Three Rs
Read the article: Complete Your Property Education With MOV8’s Three RsIt’s back to school time which means that it’s time to focus on the ‘Three Rs’! We all know that August is back to school month here in Scotland! With that in mind, we’ve compiled our very own Three Rs of Property. Read on to complete your education!
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Offers Over, Offers Around and Fixed Price in Scotland – the Return of Offers Over and What Does This Mean for You
Read the article: Offers Over, Offers Around and Fixed Price in Scotland – the Return of Offers Over and What Does This Mean for You‘Offers Over’, ‘Offers Around’ and ‘Fixed Price’ are the three main methods of pricing your house for sale in Scotland in today’s market. With every house sale being unique, the best pricing system for each property depends on a number of factors. Can we look at changes in the number of properties using these asking…
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Gazumping in Scotland – How Does It Affect Property Buyers and Property Sellers in Scotland? In Particular, How Do the Little-Known Law Society Anti-Gazumping Guidelines Affect Property Sellers in Scotland?
Read the article: Gazumping in Scotland – How Does It Affect Property Buyers and Property Sellers in Scotland? In Particular, How Do the Little-Known Law Society Anti-Gazumping Guidelines Affect Property Sellers in Scotland?The ‘G’ word is one of the dirtiest words related to property sales. It blights the reputation of estate agents, puts fear into the hearts of property buyers and causes a whole heap of additional headaches to solicitors north of Hadrian’s Wall. This article will address some fundamental misunderstandings that exist amongst the majority of…
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What is a Mortgage in Scotland? What is the difference between Interest Only and Capital Repayment? What Type of Mortgage Should I Choose
Read the article: What is a Mortgage in Scotland? What is the difference between Interest Only and Capital Repayment? What Type of Mortgage Should I ChooseMany property buyers in Scotland simply don’t have enough cash sitting around to purchase a property without taking a loan. The most common form of a loan that property buyers in Scotland take is a mortgage. But what are the different types of mortgage: interest only vs. capital repayment, variable rate vs. fixed rate, and…
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What Does Offers Around Mean in Scotland? What Does Offers in the Region of Mean in Scotland? How Much Should You Pay for Offers Around or Offers in the Region Of?
Read the article: What Does Offers Around Mean in Scotland? What Does Offers in the Region of Mean in Scotland? How Much Should You Pay for Offers Around or Offers in the Region Of?‘Offers in the Region of’ and ‘Offers Around’ are, at the time of writing, probably the most common price ‘prefixes’ that you’ll find when you’re looking for a property in Scotland. In the ‘old days’, it tended to be either ‘Offers Over’ or ‘Fixed Price’. Unless you were selling a massive estate with salmon fishing…
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How Much Should I Pay at a Closing Date and How Can I Avoid Closing Dates
Read the article: How Much Should I Pay at a Closing Date and How Can I Avoid Closing DatesClosing Dates can be the bane of a property buyer’s life. There is always a conflict between wanting to buy a property for the best possible price and the fear of over-paying because of the temptation to pay too much in order to beat the other buyers to the prize and to prevent the frustration…
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What Does Under Offer Mean in Scotland? What Does Sold Subject to Conclusion of Missives Mean in Scotland?
Read the article: What Does Under Offer Mean in Scotland? What Does Sold Subject to Conclusion of Missives Mean in Scotland?When a seller’s estate agent or solicitor/estate agent accepts an offer from a buyer, even verbally, the property is ‘Under Offer’ or ‘Sold Subject to Conclusion of Missives’. Legally, this status means very little. Until there is a binding, written contract (in other words, ‘missives are concluded’) then the sale is little more than theoretical.…