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Property
Centres as well as Estate Agents hold details of properties for sale
in Scotland
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Before
you even start looking in Scotland get your finances in place so if
you need to you can put an offer in quickly
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In
Scotland you make an offer or a sealed bid on a property normally by a
specified date, so you can't negotiate
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Property
prices are a guide to the lowest acceptable offer but will often sell
at up to 30% higher or more
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Most
buyers have surveys done before they
bid so they can judge what a suitable offer or bid is
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You
may have surveys done on properties that you don't even bid on or you
are not the winning bid or offer, so be prepared for the cost
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You
can make an offer subject to survey but you will be expected to get
the survey done quickly, normally in 2 to 3 days
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Make
sure that you can afford your offer because once it is accepted it's
legally binding
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If
you can't afford the offer you have made you will have to pay
substantial compensation to the seller
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In
Scotland all property is sold on an owner occupier basis as there is
no freehold in Scotland and hardly any leasehold
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Once
the offer or bid has been agreed a moving date is then set so you are
less likely to get stuck in a bad property chain
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If
you are buying from outside of Scotland you will need a Scottish
lawyer or make sure that your lawyer has associates in Scotland as
most property is sold in Scotland is via solicitors
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Once
the sale is agreed the solicitors will do something called
exchanging/concluding the missives this is the Scottish equivalent of
exchanging the contracts
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