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Home Reports will be required for December. Whether you're a buyer or seller you need to know what to look out for. This new report must be prepared and available before a home can be marketed for sale. Providing key information at an early stage in the property transaction will allow a more informed decision.
In an effort to encourage a fairer and greener housing market, the Government has introduced legislation which means that from 1 December 2008, properties for sale in Scotland will have to be marketed with a Home Report.
Commissioned by the seller, a Home Report will provide detailed information about the condition and value of a property before offers are made and expenses incurred.
Prospective buyers, especially those buying for the first time, are not always aware of the true cost of owning and maintaining a home. A lack of understanding about long term maintenance or repairs can mean real problems for those on a tight budget.
The Home Report will also provide comprehensive energy efficiency information which will help save money on energy bills and provide a better appreciation of the environmental impact of individual homes.
Access to this type of information about the condition of a property from the outset is essential to ensure purchasers know exactly what they are buying into.
What is in a Home Report? When is a Home Report not needed? Frequently Asked Questions?