6 Things You Need To Know About Buying A Property in Scotland
Bob Arbuthnott and Lisbeth-Ann Pay, two of our very experienced conveyancing solicitors , offer some advice which will be helpful for anyone looking to buy a property. 1. Don’t be fooled by the asking price Many purchasers are confused by the terms “Offers Over”, “Offers Around” or “Offers in the Region Of” and are left wondering what they should be offering. Generally, these terms can be ignored if the property has come onto the market recently and has a Home Report with a valuation. The terms are used as marketing ploys to generate interest in a property and the more relevant figure for a purchaser is the Home Report valuation. This is usually a better indication of what the seller is hoping to achieve. Depending on the level of interest in a property a lucky purchaser may be able to negotiate a price below this but if the property is new to the market and/or if the market is buoyant then often purchasers are pushed to offer over the valuation. 2. Don’t be afraid to ask