SELLING YOUR PROPERTY: HOME REPORTS
So, you’ve decided that it’s time to put your property on the market. It’s a big step to take and Mavor & Company are always happy to help you through every step of the process. One of the first things that you need to do is arrange a home report. Many people, understandably, have questions about this process so we hope that this guide helps!
What is a Home Report?
Home Reports are produced by a chartered surveyor and gives potential buyers information about the property for sale. The report is comprised of three components:
- A single survey. This gives the potential buyer detailed information about the condition and value of the property.
- An Energy Performance Certificate (EPC). This shows the property’s energy efficiency rating.
- A property questionnaire. This is completed by the property’s seller and provides specific information on, for example, the council tax band, any warranties etc.
Do I need a Home Report?
Before a property can be put on the market, all sellers must have a Home Report in place. Buyers wish to know key information about properties they are interested in before organising a viewing or making an offer.
Do all properties need a Home Report?
In almost all cases, properties must have a Home Report. There are some exceptions to the rule: unsafe properties, caravans and newly converted properties don’t need a Home Report carried out. However, they will still require an EPC.
Do I have to pay for the Home Report?
It is the seller’s responsibility to pay for the Home Report. However, Mavor & Company will be happy to arrange for the report to be carried out by a Chartered Surveyor.
How much does a Home Report cost?
The cost of each report is dependent on the several factors i.e. the size and value of the property, and the Chartered Surveyor’s own fees.
How long is the Home Report valid for?
The Home Report is valid for twelve weeks so the property must be put on the market within that timescale.
If you have any questions about Home Reports, feel free to contact Mavor & Company: We’ll be happy to answer any queries.