TheDecameron
Unicorns fart glitter.
They’re not worth the paper they’re written on. It’s amazing what they miss. Essentially an overpriced mortgage valuation and our buyer’s lender commissioned their own survey anyway.In Scotland we still have home reports. We have sold two houses and bought one on the basis of home reports. The two buyers both English accepted the home reports without any problems.
I think the market in Edinburgh is cooling. I heard BTL investors were cashing out or not actively buying to the same extent, though we did have a few viewings from people who had flown up from London or sent someone round the place on FaceTime while they watched from west coast US.
We sold then bought at the peak last winter-spring, paying a crazy amount over valuation because of competition and I think the buyer of our house was doing the same. We just sold our work flat recently and it feels like we just got out with a decent offer on it. The question now is, when does the fall in prices come? It has been feeling like the 2008 peak and crash again.