Navigating the Scottish Property Market in 2025: A Beginner’s Guide

Scotland is one of the best places to buy your first home, for many people it’s a dream come true, Scullion LAW has helped many first^–time buyers start their journey. 

We also specialise in helping buyers with funds coming from overseas for a purchase in Scotland and those with gifted deposits.

So, grab your tartan scarf and get ready for the unique quirks of the Scottish property market! From the mysterious ‘offers over’ system to the all-important Home Report.

Scullion LAW’s Property Law Team have got you covered!

What Does “Offers Over” Actually Mean for Buying a Property in Scotland? 🎯

In Scotland sellers try to draw buyers in with what seems like a lower price, the property’s price will be stated as ‘offers over’, while there are no set rules for how much over you must offer.

• It’s best to assume it can range from 5-20% over the listed price depending on the local market. 
• In popular areas of Edinburgh and Glasgow, such as those near good schools and desirable communities, it’s not uncommon for the offered price to go even higher, to 40% over.
• If you are reliant on a mortgage to secure the property, you will have to make up the difference with your cash if it’s over your mortgage companies’ valuation.

The Home Report: Your Property Crystal Ball 🔮

In Scotland, the sellers must prepare and provide buyers with a home report before any offer is made. 

This report gives prospective buyers an insight into the property, its condition and any concerns the surveys may wish to highlight as a risk, it also offers a valuation of the property.

It’s also worth noting that home reports will seek to highlight as many concerns as they can, and where they have it might be worth considering a more in-depth private survey to be carried out.

Top Tips for First-Time Buyers 🏡

1. Do Your Homework: When you are looking to buy do your research, what’s sold recently and for how much?  How long has the property been on the market? Are there any major developments planned near buy?
2. Get an Independent Solicitor: Many estate agents and property sellers have their solicitors, however instructing an independent conveyancing solicitor can guide you through the legal maze and help you avoid any pitfalls.  Scullion LAW’s Property Law Team only act for YOU!
3. Be Prepared to Act Fast: The market in Scotland can move fast, unlike England there’s less room to pull out at the last minute or negotiate over survey results.  Once a property in Scotland is ‘under offer’ it’s off the market and an offer can be accepted at any time.

With these tips in your back pocket, you’ll be navigating the Scottish property market like a pro in no time. Happy house hunting! Don’t forget when you do need to submit an offer, contact Scullion LAW.