Home reports work

The Royal Institute of Chartered Surveyors (RICS) research found sellers were using the home reports to attract potential purchasers, because they allowed potential buyers to find out more about a property's condition and valuation. Introduced in Scotland on 1 December 2008, they are arranged by the seller and include a survey of the house, a study of its energy efficiency and a list of costs such as council tax banding.

According to Graeme Harley, director of RICS Scotland, the home report has benefited buyers and sellers over the past 12 months because it "…offers clarity to buyers and sellers about what the property is worth and what condition it is in right from the start and that's what the home report set out to do."

Article on BBC News

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