This is the first in a series of blogs about buying flats in Scotland. In Scotland it is really quite different to England and Wales. The offers over pricing system is a real pain! This is always the lowest amount that you can pay (as opposed to the value that the seller would like to get, like in England) and when the property comes to a closing date with blind bids from other interested parties, the sold price can be way above the offers over price. This makes it difficult to know the relative value of property especially as estate agents always try to bump up the price by pretending that lots of people are interested.
I have started to wonder whether as a first time buyer, I might be better off waiting until prices stabilise or come down but before leaving the game, I feel it is my duty to give a bit of guidance to first-time buyers. So come back to this site soon as I will be giving you the prices at which properties were put on the market, the price at which it sold and the schedule for a number of properties in Glasgow. Hopefully, this will be usefull for determining what offer to put on a property when it is on the market at offers over.