In Scotland, it is the law to obtain a Home Report for any property you are selling that falls under the year-round residential living criteria. If it is public knowledge that the property is being sold or if you are marketing that property through any channel, even your own social media, then you legally need to purchase a Home Report. House of Highland will arrange a Home Report valuation on your behalf when you choose to sell with us.
The Home Report is a document that tells prospective buyers what you need to know about the house, such as any repairs or recent work that has been carried out. Within the full Home Report document there is a single survey and valuation, a property questionnaire and an energy report. The cost of the Home Report is determined by the value of your property and the fee is paid directly to the chartered surveyor.
If you already have a Home Report that has been dated within the past 3 months you do not need a new one. However, as per Scottish government regulations, if your property remains on the market for longer than 3 months, you may be required to purchase a Refresh Home Report, which costs less than your original Report. You will need this if your buyer’s mortgage lender requests an up to date valuation figure to ensure no notable changes have been made to the property since the first Home Report was completed. This is the case across the whole of Scotland and remains the case no matter when you sell or who you sell with.