Page 8 - International Buyers Guide

How buying works in Scotland

(continued)

Virtual viewings
It is possible to buy a property in Scotland
without being physically present, but build
in extra time for identity checks, mortgage
arrangements, currency transfers and document
signing. Virtual viewings are useful for narrowing
down options but treat them as one part of the
decision rather than a complete substitute for
due diligence. Ask for a live video tour where
possible, so you can request close-ups, revisit
Pittenweem
rooms and check practical details in real time.

Noting Interest
When you find a property you would like to
pursue, your solicitor can submit a Note of
Interest on your behalf. This registers you as an
interested party and means you will be told of
any significant developments, such as a closing
date being set. It also opens communication
between the buyer’s and seller’s representatives
before a formal offer is made. Keeping in regular
contact with your solicitor throughout this stage
Dunfermline
helps the process run smoothly.

Making an offer
Haddington
Before offering, review the Home Report
provided by the seller, which includes a
survey, valuation, energy information and
property questionnaire. In many cases this
is enough to support a decision, though a
lender or buyer may sometimes ask for an
additional survey or valuation.

When you decide to make an offer, your
solicitor submits it in writing to the seller’s offer will usually include the price, proposed
solicitor estate agent. If several buyers have entry date and any conditions. The highest
noted interest, a closing date may be set, offer is not always the one accepted -
and all interested buyers are expected to sellers may also weigh the proposed entry
submit their best offer by the deadline. The date and any conditions attached.

8 | Buying in Scotland