r/Glasgow Tools

Title
Author	the_phet
Comment	I bought a house a year ago, and the way it works in Scotland is terrible. It's unnecessarily stressful and anti-buyers. In Spain, where I am from, the seller puts the price they want for the house. That's the max price, their dream price. If you pay that, then it's yours. Otherwise it's a bid to the bottom to see who puts the value nearer to the max price. I think it's way fairer to the buyers, and I don't think the sellers are getting any less. In Spain the price is set by the seller or the state agent. In Scotland the Home Report is placed by an independent third party (lol). This makes no sense. In Scotland as you all know you have the "offers over" which is meaningless, and then the home report. I think the way it goes over or under the HR heavily depends on the area. Saying that "it's HR+10%" only applies really to a few areas of Glasgow. In my case, we bought out house for exactly the HR value. I heavily disagree with the idea that the current system benefits sellers. I don't think it does at all. Considering how the price of properties is going up all around Spain and specially in the big cities (ignoring covid) I think it just creates a healthier environment. I just think it makes it more complex and stressful, and I think this has a negative hit to the final price. Of course top flats in the West End are going to increase in price, but is the current system really helping the areas which are not as "trendy"? Do you think think there will be a bid war in castlemilk?
Reddit Link	https://www.reddit.com/r/glasgow/comments/iq0qe0/home_report_vs_offers_over_tactics/g4oozr8/
Created	Thu 10th Sep 2020 3:31pm
Status	normal ()

I bought a house a year ago, and the way it works in Scotland is terrible. It's unnecessarily stressful and anti-buyers.

In Spain, where I am from, the seller puts the price they want for the house. That's the max price, their dream price. If you pay that, then it's yours. Otherwise it's a bid to the bottom to see who puts the value nearer to the max price. I think it's way fairer to the buyers, and I don't think the sellers are getting any less. In Spain the price is set by the seller or the state agent. In Scotland the Home Report is placed by an independent third party (lol). This makes no sense.

In Scotland as you all know you have the "offers over" which is meaningless, and then the home report. I think the way it goes over or under the HR heavily depends on the area. Saying that "it's HR+10%" only applies really to a few areas of Glasgow. In my case, we bought out house for exactly the HR value.

I heavily disagree with the idea that the current system benefits sellers. I don't think it does at all. Considering how the price of properties is going up all around Spain and specially in the big cities (ignoring covid) I think it just creates a healthier environment. I just think it makes it more complex and stressful, and I think this has a negative hit to the final price. Of course top flats in the West End are going to increase in price, but is the current system really helping the areas which are not as "trendy"? Do you think think there will be a bid war in castlemilk?