Home Report Scotland Private Sale

If it s public knowledge the house is for sale it should have a home report.

Home report scotland private sale. They can make a reasonable charge to cover the cost of copying the report and posting it to you. 3 1 using the home report if you are interested in a home the seller or their selling agent a solicitor or estate agent must give you a copy of the seller s home report see section 2 within nine calendar days of you asking for it. What is a home report. We are working with the home report implementation group to consider the review s findings.

A home report is a pack of documents that gives potential buyers information about a property for sale. There are some circumstances when you do not have to produce a home report for example if you are going to sell your property to a private individual without putting the property on the market. This included a home report public consultation held in december 2013 and a home report research report published in january 2015. This is a pack that provides more information about the property for potential buyers.

If you are selling your home in scotland you need to make sure that there is a home report in place. Selling your house privately can be a good idea if it s a buoyant market with an abundance of potential bidders and speedy house sales or if you already know. Selling your house is a serious undertaking and a home report is designed to make sure you ve gathered all the information that a potential buyer will need. This can save you thousands of pounds in estate agent fees but it s not always easy.

From 1 december 2008 most houses or flats which are marketed for sale will require to have a home report and to make it available to potential buyers. Home reports were introduced by the scottish government back in 2008. If you re selling a property in scotland you ll need to provide a home report. The report consists of three components.

As soon as you are considered to be marketing the sale of your house if a prospective buyer asks you for a copy of the home report under the housing scotland act 2006 you must provide a copy to that interested party within nine days of them asking if you don t the local authority have the power to fine you 500. Before you start to market your home as for sale you need to make sure you have organised a home report. We carried out a review of the home report to look at how it worked in its first five years. The aim of the reports is to provide a level of transparency to the property sale process.

This is a document that tells you what you need to know about the house. Under part 3 of the housing scotland act 2006 the person accountable for the marketing the property must provide a home report to any potential purchasers. A private house sale is one where you sell directly to the buyer without using an estate agent.