The Difference Between Selling Your House in Scotland and the Rest of the Uk
When you sell a house in Scotland the legal process is very different to the rest of the UK.
It is not only different but many say it is more superior to the outdated practice in England and the rest of the UK.
In Scotland everything moves quicker and gazumping is virtually unheard of because contracts are binding as soon as seller accepts the offer.
When you are selling or even buying in Scotland the Solicitors get involved a lot earlier in the sale than in England.
They also get involved in the marketing and selling of the house a bit like the estate agents job in England.
That means that the seller can deal with one person and not have to get involved with an estate agent at all which is music to some sellers ears and some buyers as well.
The major advantage of selling a house in Scotland is the sale goes through a lot quicker than the rest of the UK.
The other good thing is that there is rarely any chance of being Gazumped as once the missives are concluded, the person can make an offer and know that the sale will go through.
Generally once the offer has been made the solicitors go to work, with a series of exchanging letters to complete the sale.
Unlike in England, the offers made are generally above the asking price.
The price is set by the seller as the minimum that they are willing to accept and it is advised to offer over the asking price to secure the deal.
As soon as your offer is accepted the sale should go through with no problems.
England is completely the opposite.
Offers are generally put in below the asking price as the seller normally sets the price expecting to take some sort of discount off.
The problem with the English system is the seller may be tempted by a higher offer and then you could end up losing the property part way through the transaction after much money may already have been spent out on surveys and such like.
The Scottish system is better put together meaning there is less sleepless nights during the process.
As the process does move a lot quicker in Scotland, it is more important to make sure most of your paperwork is in order a lot earlier.
Otherwise you may find yourself accepting an offer before your solicitor has everything in order.
When you are selling in Scotland, it's important then that you instruct a solicitor as soon as you are thinking of selling as they will need to do some work before the property can actually be put on the market.
The other advantage with the Scottish system is that the solicitors also help with the advertising so you may want your solicitor to find you a buyer as well, which will save you one more job to do as well.
Now you can see that there are different procedures to selling your home if you are living in Scotland or England and Wales.
The Scottish system seems to be faster, less risk of not completing and dealing with less people to the system in England and Wales and the rest of the UK.
It is not only different but many say it is more superior to the outdated practice in England and the rest of the UK.
In Scotland everything moves quicker and gazumping is virtually unheard of because contracts are binding as soon as seller accepts the offer.
When you are selling or even buying in Scotland the Solicitors get involved a lot earlier in the sale than in England.
They also get involved in the marketing and selling of the house a bit like the estate agents job in England.
That means that the seller can deal with one person and not have to get involved with an estate agent at all which is music to some sellers ears and some buyers as well.
The major advantage of selling a house in Scotland is the sale goes through a lot quicker than the rest of the UK.
The other good thing is that there is rarely any chance of being Gazumped as once the missives are concluded, the person can make an offer and know that the sale will go through.
Generally once the offer has been made the solicitors go to work, with a series of exchanging letters to complete the sale.
Unlike in England, the offers made are generally above the asking price.
The price is set by the seller as the minimum that they are willing to accept and it is advised to offer over the asking price to secure the deal.
As soon as your offer is accepted the sale should go through with no problems.
England is completely the opposite.
Offers are generally put in below the asking price as the seller normally sets the price expecting to take some sort of discount off.
The problem with the English system is the seller may be tempted by a higher offer and then you could end up losing the property part way through the transaction after much money may already have been spent out on surveys and such like.
The Scottish system is better put together meaning there is less sleepless nights during the process.
As the process does move a lot quicker in Scotland, it is more important to make sure most of your paperwork is in order a lot earlier.
Otherwise you may find yourself accepting an offer before your solicitor has everything in order.
When you are selling in Scotland, it's important then that you instruct a solicitor as soon as you are thinking of selling as they will need to do some work before the property can actually be put on the market.
The other advantage with the Scottish system is that the solicitors also help with the advertising so you may want your solicitor to find you a buyer as well, which will save you one more job to do as well.
Now you can see that there are different procedures to selling your home if you are living in Scotland or England and Wales.
The Scottish system seems to be faster, less risk of not completing and dealing with less people to the system in England and Wales and the rest of the UK.