Tag: Tips For Buying
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What is a Closing Date in Scotland?
Read the article: What is a Closing Date in Scotland?A Closing Date is a day and time, set by the seller’s estate agent, by which time the seller’s agent must have received an offer from anyone who wishes to submit an offer on that property. Most often, buyers’ solicitors will fax the offer prior to the time of the closing date, on the day…
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What is a Note of Interest or Noting Interest in Scotland? How Do I Note Interest in a Property?
Read the article: What is a Note of Interest or Noting Interest in Scotland? How Do I Note Interest in a Property?If you are interested in buying a particular property but are not yet ready or willing to offer, a Note of Interest is a first step towards ensuring (but not a guarantee) that you get an opportunity to make an offer on that property before it is sold to somebody else. A buyer who wishes…
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What Does the ‘Asking Price’ Mean in the Scotland?
Read the article: What Does the ‘Asking Price’ Mean in the Scotland?Quite simply, this is the amount of money that the seller is asking any potential buyer to pay for their property. However, to complicate things, buyers put prefixes in front of the asking price. For example: “Offers Over”, “Fixed Price”, “Offers Around”, or “Offers in the Region Of” and even “Offers Under”.
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What is a Home Report in Scotland? Are Home Reports in Scotland a Good Thing?
Read the article: What is a Home Report in Scotland? Are Home Reports in Scotland a Good Thing?Since 1 December 2008, any seller who is marketing a property for sale in Scotland must obtain a Home Report. There are limited exceptions, for example newly-built properties and genuinely off-market sales where the property is not advertised. However, in the vast majority of cases the seller must obtain the Home Report prior to the…
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Monthly Scottish Property Market News and Comment – What’s Happening in the Scottish Property Market? – July 2011
Read the article: Monthly Scottish Property Market News and Comment – What’s Happening in the Scottish Property Market? – July 2011Wee Danny and Danny’s Wee Are Causing Usual Property Market Summer Holiday Slow-Down… At the beginning of July, the property market sounded a lot like this: “……..”. Simon and Garfunkel wrote a song that would sum it up. Dropping pins were clearly heard by estate agents up and down the country. Tumbleweed was spotted in…
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What Is the Difference Between an Estate Agent and a Solicitor / Estate Agent in Scotland?
Read the article: What Is the Difference Between an Estate Agent and a Solicitor / Estate Agent in Scotland?In Scotland, estate agency firms can be either law firms or non-law firm estate agents. So what is the difference between a solicitor/estate agent and a regular estate agent? And what difference does this make to you if you are a property buyer or property seller in Scotland? Quite a lot as it happens…!
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What is an Offer on a Property in Scotland and How Do I Make an Offer?
Read the article: What is an Offer on a Property in Scotland and How Do I Make an Offer?An offer on a property can be verbal or in writing. What is the difference?
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What is a ‘Date of Entry’ in Scotland When it Comes to Property? Scottish Property Guide.
Read the article: What is a ‘Date of Entry’ in Scotland When it Comes to Property? Scottish Property Guide.This is the date on which: the property buyer pays the purchase price to the property seller, and the property seller gives the keys and legal ownership to the property purchaser.
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What Does Offers Over Mean in Scotland and How Much Should I Pay
Read the article: What Does Offers Over Mean in Scotland and How Much Should I PayWhat Is Offers Over? Offers over is… Where a property is being marketed at Offers Over, it is less clear what price a seller hopes to achieve than where a seller is marketing the property at Offers in the Region Of or Fixed Price. For that reason, buyers tend not to be the greatest fans…
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What Does Fixed Price Mean in Scotland and How Much Should You Offer for a Property at Fixed Price
Read the article: What Does Fixed Price Mean in Scotland and How Much Should You Offer for a Property at Fixed Price‘Fixed Price’ is one of pricing prefixes that you will come across if you are buying or selling a house or flat in Scotland. The general perception is that if a buyer offers the full fixed price then a seller will accept that buyer’s offer. However, it’s not quite as simple as that and this…