Home in Scotland
The way that homes are bought and sold in Scotland is changing from 1st December 2008. The Minister for Communities and Sport, Stewart Maxwell MSP signed a commencement Order on 16th September 2008 that brings the Home Report legislation into effect for homes marketed. Homes already on the market before 1st December 2008 do not require a Home Report.
Mr Maxwell said,
“I am delighted to sign the Order that will bring detailed information on the condition, energy efficiency and value of houses to the transaction process for homes in Scotland.
“Buying a home is the biggest financial decision most of us ever make. The Home report will allow sellers to make informed marketing decisions in what is currently a buyer’s market and it will allow purchasers to make more informed judgement on whether, and how much to offer.
“In the present housing market, and with unremitting fuel price rises, it is more important than ever that house buyers in Scotland have reliable information about the condition, energy efficiency and value of a house before they make an offer to buy.
“Scotland is not immune from the effects of the global economic downturn. That’s why it is essential that those buying a house receive the best advice possible. Consumers making the biggest financial decision of their lives deserve the most reliable data.
The Home Report will contain three documents providing home buyers with valued information:-
A single survey prepared by a Chartered Surveyor containing detailed information on the property condition, accessibility and a valuation.
An energy report giving a home’s energy efficiency rating and its environmental impact in terms of carbon dioxide emissions. It recommends ways to improve the buildings energy efficiency and gives contact details for further advice and information about how to make a home more energy efficient and save fuel costs.
A property questionnaire to give prospective buyers useful information about the property, such as council tax banding and property alterations.