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Home Reports Scotland - Scottish Home Reports

 
 
When selling a property in Scotland you will need a Scottish Home Report.The Home Report should be made available on request to prospective buyers of the home. The Single Survey contains an assessment by a surveyor of the condition of the home, a valuation and an accessibility audit for people with particular needs. The Energy Report contains an assessment by a surveyor of the energy efficiency of the home and its environmental impact. It also recommends ways to improve its energy efficiency.The Property Questionnaire is completed by the home seller and contains useful information for the potential buyer covering information about the home, such as Scottish Council Tax banding and factoring costs that will be useful to buyers.

Home Report Prices

 
Property Value Cost of Report
£0 - 50,000 £218
£51 - 100,000 £263
£101 - 200,000 £314
£201 - 300,000 £383
£301 - 400,000 £457
£401 - 500,000 £475
£501 - 600,000 £503
£600,000+ Price upon application

All prices below are inclusive of VAT

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The report has no shelf life however parts of the report can get out of data, the EPC is said to last some 10 years while the valuation lasts about 3 months. In practice many lenders will do there own valuation so there is no need to replace your home report after 3 months.

Home Reports - (Scottish Home Information Packs)

As of the 1st December 2008, all residential properties put up for sale in Scotland will require a Home Report before the property can be brought to market.

The Home Report is intended to provide buyers with more informed information about the
property before they consider submitting an offer. A copy of the Home Report should be made available to any interested buyers. Failure to provide this document could lead to a penalty charge of up to £500.

The Home Report consists of three main documents: the Energy Report, Single Survey and Property Questionnaire.

Energy Report

The Energy Report (EPC) is a document that is produced by a Chartered Surveyor. It provides information regarding the energy performance of the building, most notably - energy use, carbon dioxide emissions and fuel costs of the building.

The building is given a rating on a scale of A - G (A being the most efficient, G the least efficient).

Single Survey

The Single Survey is also carried out by a Chartered Surveyor. It is an assessment of the condition and value of the property.

It is intended to provide buyers and sellers with detailed information about the properties value & condition before any offers are submitted.

The Single Survey also contains an accessibility audit for people with particular needs.

Property Questionnaire

The Property Questionnaire is completed by the seller of the property. It provides useful information such as - the council's tax band, parking facilities and factoring arrangements, etc.

This information will be useful for buyers before they decide whether to submit an offer. It will also reduce the risk of delay & difficulties in conveyancing.

Scottish government on Home Reports

The Home Report legislation requires that the person marketing the house (the seller or selling agent if one is used), must have the Home Report in their possession before placing the house on the market. Not giving the seller the opportunity to make judgements about marketing based on the information in the Report is to their disadvantage as a consumer.

The Society of Chief Officers of Trading Standards in Scotland (SCOTSS) will be recommending that Local Authority Trading Standards services carry out a market exercise to gauge the level of compliance. This would involve writing to any companies concerned to give them fair warning, outlining SCOTSS concerns and following up with a national programme of visits to Estate Agents and Solicitors.’”

Home Report - New Way of Buying & Selling Homes in Scotland

Information on the new Home Report and the changes to the buying and selling process in Scotland as of 1 December 2008.
www.Scotland.gov.uk  find Houses for sale in Scotland

 
Frequently Asked Questions About Home Reports

.

Who will compile a Home Report?


Yes, under Part 3 of the Housing (Scotland) Act 2006, a person who is responsible for marketing a house must provide a Home Report to any prospective purchasers. To do this you will need to commission a Chartered Surveyor (or approved provider) to carry out the Single Survey and Energy Report. You must also complete a Property Questionnaire.

 
 I am a private seller, and do not plan on using a solicitor or estate agent to market my house. Do I need a Home Report?
 
The Home Report will be compiled by the seller's agent or the seller. A Chartered Surveyor or other provider will provide the Single Survey and Energy Report. The seller of the house will complete the Property Questionnaire?

Who pays for the Home Report?

 
The seller is responsible for providing the Home Report. There is nothing in the legislation insisting that the buyer must reimburse the seller for the cost of the Home Report.


How 'old' can the Home Report documents be when the house is put on the market for sale?

 
The legislation says that the documents should be no more than 12 weeks old when the house is put on the market.


Will the Home Report have a specified shelf life?

(i.e. should sellers have to pay for refreshed surveys if their houses have not sold after a few months?)The legislation does not impose a set shelf life or validity period for any of the Home Report documents. This reflects current practice for survey reports. Decisions as to whether any aspects of the Home Report need to be updated are for sellers, buyers and their professional advisers to take, depending on the circumstances of each case.

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