Understanding Home Report Validity
Many homeowners preparing to sell their property in Scotland are unsure how long a Home Report remains valid. A common belief is that it expires after three months but current Scottish property regulations do not impose a fixed validity period. As long as a Home Report is available when marketing begins the legal requirement is met. However, some lenders and buyers may request an updated version in certain circumstances.
Do Home Reports Expire?
Home Reports give you an accurate picture of a property’s condition at the time of sale. Your home report does not have an expiry date. However, if your home remains on the market for an extended period, you may require a refreshed report. Some buyers and mortgage lenders prefer an updated valuation to reflect any market changes. A refresh does not mean commissioning a completely new report. It typically involves a reinspection by an RICS-registered surveyor who assesses whether the original findings are still relevant.
When Should You Refresh a Home Report?
If your property has been listed for several months or there are significant changes, you may be required to refresh the report. This is especially important if home improvements have increased the property’s value or if market conditions have shifted. Although there is no obligation to update a Home Report, a refreshed report can provide reassurance to potential buyers and streamline the sales process. Home Report Company offers flexible appointments from 8am to 11pm seven days a week making it easy for sellers to arrange a refresh at their convenience.
Final Thoughts on Home Report Validity
Home Reports do not have a set expiry date but an update may be beneficial in some cases. If your home has been on the market for some time, you may require to refresh the report. This helps ensure that the property is still as described. Understanding when this is appropriate helps sellers navigate the process with confidence.
Home Report Company provides expert guidance and fast turnaround times ensuring reports remain up to date and accurate.
If you’re preparing to sell your home and need a Home Report, get a free quote today at Home Report Company or call 01316080175 to speak with our team.
