Thanks for the speedy response! However, I would be interested to know if
the building warrant situation (or lack of) can be addressed post-purchase.
It's a bit easier to call an attic 'floored loft space' than move a bathroom
Because this is in Scotland (where a building warrant appears to be required
for practically any change), I would have thought there would be a higher
occurrance of 'post build' warrants than anywhere else. Time to cross post
to UK DIY I think and see if anyone there has experience with building
At the moment I'm trying to get the seller's to get the work warranted as
part of the conditions of sale, primarily 'cos I'd like them to pay for it,
and I think the planning dept's more likely to give them it than me (old
couple / bigger sympathy vote), plus they did it so if the guy asks
questions about the install they can answer them for him. As we're paying
64% over the o/o price for the property, I want the paperwork done and above
board before we buy it.
I've not been involved in the Edinburgh property market for
a good few years, I'm worried by this....
> Subject: Re: Building Warrants - Buying Flat Without
> Date: Thu, 10 Jul 2003 18:35:19 +0100
> As we're paying 64% over the o/o price for the property, I want
> the paperwork done and above board before we buy it.
Is this a typo?
You are paying 64 percent over the offers over price?
So (all but) two thirds more than they were asking?
Is this the way of the market at the moment? Did you deliberately go
over-the-top to land a unique gem, or do you believe that others
bidders weren't (going to be) too far behind?
When I were a lad (or some such) the offers over price was meant to be
a reasonably serious statement of what the sellers thought the
property was worth. It would be round about where the valuation
ought to be. Properties sold at around a 10% premium on that.
What sort of valuation did you get?
In another message, you say....
Thankfully the days of having to survey every property before
putting in an offer seem to be behind us, as our solicitor
recommended against getting any surveys done before getting a
place, and just made getting a satisfactory survey a condition of
the offer. Out of the last three properties we bit for (2 colonies
and a comely bank flat), one had 7 notes of interest, 6 offers and
no survey done prior to offering, one had 12 notes of interest 7
offers and no survey, and the latest had 6 notes of interest, 6
offers and 1 survey (valuation). When we got it, we got a
homebuyer survey done, rather than buy a copy of the valuation.
I'm not surprised that people are reluctant to survey if o/o prices
are barely half what they should be!
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Best viewed in Ebriated.
Surely all that this discussion tells us is that the o/o price is a
complete game played by selling agents and surveyors. When looking
for a new flat all that a buyer knows is that they will pay more than
the asking price.
Once you have found a property that you are interested in, most
solicitors worth their salt should be able to tell you what properties
in the same street/ postcode went for in the last few years (all espc
solicitors have access to the database of o/o and selling prices), add
whatever their magic number is depending on how much the most recent
neighbouring property went for, and so give you a fairly good estimate
of where the valuation would come in at. Then it is up to you to
decide how much to put in on top.
So with a good agent you effectively get the seller's survey that
would allow buyers to only survey the property that they end up
Or, alternatively, hunt out fixed price properties, especially
scanning the espc website on a Wednesday when they tend to change.
"Crawford Buchanan" wrote
| Once you have found a property that you are interested in, most
| solicitors worth their salt should be able to tell you what properties
| in the same street/ postcode went for in the last few years (all espc
| solicitors have access to the database of o/o and selling prices),
The most recent date (of registration) and price achieved by house sales
(for Scotland) is available online at www.myhouseprice.com Checking the
date is free, it costs GBP 1 per house if you want the figure emailed to you
(for 2 or more searches in one report)
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