Buying property in Edinburgh

[Nadiyah77]

Hello Everyone
Can anyone help me .how to buy a property in Edinburgh or surrounding .I'm relocating from london . I know they have bit different system to London? bid sealed or home reporting (Bit confused)?😕

Many Thanks
Nadiyah77

Hi Nadiyah77
The systems are completely different, NO GAZUMPING
main difference as follows

Sales are managed by solicitors not estate agents. Check out
Edinburgh property

Scottish govt house buying guide

Sales are handled via solicitor and sealed bids are common. Sales are final and binding. So once bid accepted the seller must remove the house from sale. So no gazumping, sale is final.

Offers over or fixed bids are common.in popular areas it can be fierce and add to overall price

Upfront information required on a property. properties are required to have a ‘Home Report’ before they can be marketed for sale. The seller prepares the home report and pays for it

Exchange and completion is fast, Exchange and completion is via solicitor.the seller's solicitor will usually inform bidders whether they have been successful on the same day they have made their offer. This means that a buyer's mortgage arrangements should already be agreed and in place.Upon your bid as buyer being accepted ,buyer solicitor will quickly exchange missives with the seller's solicitor

LipstickHandbagCoffee
Thank you so much for the information. Can i put offered only one property or 2/3 Property at a time. Sorry for the trouble?
Many Thanks

Nadiyah77 Only make offers you are able to complete on,as accepted offers are binding
So no You’d not have 2-3 offers on the go

Get your mortgage application approval sorted before you put in offers

Thanks LipstickHandbagCoffee .

Remember prices are normally "offers over" that usually means they will
Not accept the price quoted. The highest bidder will win. Bid what the house is worth to you & what you can afford.
Like eBay for houses. It's firm & final.
Buyers are protected but you do gave to be very sure if your putting in an offer. You cannot get out of it.
I think it's better system having bought in Brighton & scotland.
Also scotland doesn't tend to have free holds or leaseholds.
Everything is freehold.

Go to ESPC website which will keep you right.