Quite the start

Greymug

sheramber said:

My son's flat in Edinburgh went on the market on Friday. He had 8 viewings on Saturday and 23 altogether over the weekend. He got an over asking price offer on Tuesday.

Mmm...we don't have "asking price" in Scotland. We have offers over and home report valuation. 

ss2020jd

That bodes very well! Would be very surprised if it didn’t lead to offers soon after. 

davilown

Greymug said:

sheramber said:

My son's flat in Edinburgh went on the market on Friday. He had 8 viewings on Saturday and 23 altogether over the weekend. He got an over asking price offer on Tuesday.

Mmm...we don't have "asking price" in Scotland. We have offers over and home report valuation. 

I might be wrong but I’m pretty sure you still have fixed price property sales in Scotland 

https://www.warnersllp.com/news/what-do-offers-over,-offers-around-and-fixed-price-mean/

Greymug

davilown said:

Greymug said:

sheramber said:

My son's flat in Edinburgh went on the market on Friday. He had 8 viewings on Saturday and 23 altogether over the weekend. He got an over asking price offer on Tuesday.

Mmm...we don't have "asking price" in Scotland. We have offers over and home report valuation. 

I might be wrong but I’m pretty sure you still have fixed price property sales in Scotland 

https://www.warnersllp.com/news/what-do-offers-over,-offers-around-and-fixed-price-mean/

yes, that's true. Although normally in Edinburgh fixed prices are for when you either want to sell quickly or your property doesn't get much interest.

[Deleted User]

Greymug said:

11 viewings booked already.

I'm based in Scotland so it's 99% likely to go to a closing date with last and final offers.

Where in Scotland are you? I'm in South Lanarkshire and know from experience as a buyer how much competition there is. Luckily, you're on the other side of it so hopefully will have a solid offer very soon!

Greymug

Deleted_User said:

Greymug said:

11 viewings booked already.

I'm based in Scotland so it's 99% likely to go to a closing date with last and final offers.

Where in Scotland are you? I'm in South Lanarkshire and know from experience as a buyer how much competition there is. Luckily, you're on the other side of it so hopefully will have a solid offer very soon!

In Edinburgh. Market seems to be booming. I have 18 viewings scheduled so far.

If things go as quickly as I hope, I'll do another weekend of viewings and then probably I'll set closing date/final offers. Unless I receive an offer I can't refuse say in the next few days. Fingers crossed either way.

Greymug

Question to all the people living in England: do you find it hard to understand how the Scottish housing market (offers over/home report valuation/closing date) works?

For example, things like paying above home report valuation is quite common or people making an aggressive offer way above valuation to avoid having to go to closing date...are these concepts hard to understand?

Just asking because I have an English friend, living in England, to whom I must have explained 4-5 times the differences between English and Scottish market and he just fails to understand and looks so surprised that someone has already offered over the home report valuation.

How long did it take you guys to understand the differences? Or is it him just not being the sharpest tool in the box?

freesha

Greymug said:

Question to all the people living in England: do you find it hard to understand how the Scottish housing market (offers over/home report valuation/closing date) works?

For example, things like paying above home report valuation is quite common or people making an aggressive offer way above valuation to avoid having to go to closing date...are these concepts hard to understand?

Just asking because I have an English friend, living in England, to whom I must have explained 4-5 times the differences between English and Scottish market and he just fails to understand and looks so surprised that someone has already offered over the home report valuation.

How long did it take you guys to understand the differences? Or is it him just not being the sharpest tool in the box?

Unless buying in Scotland, why would we ever need to? Your post seems quite condescending tbh

Greymug

freesha said:

Greymug said:

Question to all the people living in England: do you find it hard to understand how the Scottish housing market (offers over/home report valuation/closing date) works?

For example, things like paying above home report valuation is quite common or people making an aggressive offer way above valuation to avoid having to go to closing date...are these concepts hard to understand?

Just asking because I have an English friend, living in England, to whom I must have explained 4-5 times the differences between English and Scottish market and he just fails to understand and looks so surprised that someone has already offered over the home report valuation.

How long did it take you guys to understand the differences? Or is it him just not being the sharpest tool in the box?

Unless buying in Scotland, why would we ever need to? Your post seems quite condescending tbh

yeah you're right, maybe I'm just puzzled about my friend's inability to understand what I think are simple concepts

Greymug

Update after almost 1 week since my property went on the market:

• 16 viewings done
• 13 viewings booked (3 of which are second viewings)
• 5 notes of interest
• 3 offers on the table, the highest being 12k above home report valuation

I'm waiting for at least 2 other good offers from viewers who seem to know the game and are keen to not go to a closing date with last and final offers.