ESPC wants rethink over home reports

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PROPERTY firm ESPC has called for a review of the current system of home reports.

The solicitors’ group says buyers and sellers are negative about the home reports, which were introduced in December 2008.

It carried out a survey of 295 home buyers and sellers and said 65 per cent felt home reports had not helped with the sale. It is calling for the Scottish Government to look again at their use. Chief executive Malcolm Cannon said: “Home reports were a concept created during the period of high activity and rising prices in the property market. Coincidentally, their arrival coincided with a rapid slowdown and contraction in the number of homes up for sale.

“Our research with buyers has shown that whilst most find it a helpful document, it is not a ‘must have’.”