Monday 23 July 2007

More on how to buy a hoose

Our beautiful stone cottage was not to be. Sigh.

The process of buying a property in Scotland is a wee dilly, like lots of things oover here.
When you've found the property of your dreams, you have to contact your solicitor and through him/her, either make an offer on the place, or register a note of interest. Sounds straightforward so far? It's not.

Houses are advertised as either 'Offers Over...' or fixed price. If you and 15 other hopefuls like a place, and say you've all put in offers or notes of interests, the sale moves to a closing date. And on the day of the closing date - everybody by this time has put in an offer - the seller decides who gets the prize. Charming. And once you've put an offer in, you have to wait to hear whether you've got the house or not, because, if your offer is the lucky one to be accepted, you are bound by law to buy the place. Except if your mortgage is not approved or five million other things that can still go wrong.

In effect, you bid on a place and hope for the best, like gambling. And don't think if you put in a monstrous offer just because the abode is your heart's desire, it will necessarily be accepted. The seller can choose anybody's offer, so if he/she doesn't like your name or solicitor, tough.

But the sun is shining today, always worth a mention!

1 comment:

Anonymous said...

I've heard from a lil bird that another offer was made... Bloody noisy birds here in SA. Is the rumor fact? C'mon give some details and pics.