One of the first acts of the new coalition government in the UK was to scrap HIPs (Home Information Packs) in England and Wales. This had been a pre-election pledge and therefore came as no huge surprise. This has led to a lot of clients and prospective property sellers in Scotland either (a) telling me they’re delighted that HIPs have been scrapped (when they actually mean ‘Home Reports’ and think that they are one and the same thing) or (b) asking me whether this means that Home Reports in Scotland will be scrapped too.Your Read More Link Text
I have had a lot of people asking this question recently, so here is a bit of an email that I just sent to a property buyer to try and explain what it means.
‘Offers in the Region of’ and ‘Offers Around’ is a bit of a moveable feast depending on the prevailing property market conditions. The last 12 months saw relentless downward pressure on property prices. ‘Offers Around’ therefore usually translated as ‘Offers Slight Below’ the asking price.Your Read More Link Text
The last couple of months have seen a bit of a spike in buying activity and, sadly for buyers, a return to the days of Closing Dates and blind bidding. Closing Dates and blind bidding have been confusing buyers since I started working in this field so hopefully this will be useful to any of you thinking of buying a home at the moment.
So the question is: how do you, as a buyer, decide what your bid should be at a Closing Date?Your Read More Link Text