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Consultation on the Home Report - Analysis of Responses

Consultation on the Home Report - Analysis of Responses

Wednesday, May 7, 2014

ISBN: 9781784124595

Findings from the Scottish Government's consultation on the Home Report. The consultation sought the views and experiences of people who have used the Home Report and of those that are involved in the house buying and selling system.

Executive Summary

Analysis of 144 responses received to the Scottish Government's public consultation on the Home Report. The consultation sought views on how the Home Report is working and on the content and usefulness of the Home Report documents.

Broadly a majority of respondents supported and valued Home Reports. Key issues to emerge from the consultation were:

• A clear majority of respondents thought the Home Report is meetings its original objectives and that those objectives are still appropriate. A number of respondents pointed to the continuing importance of meeting the original objectives, including through the provision of robust and comprehensive information, and the use of a standardised approach with which both buyers and sellers will become increasingly familiar.

• The majority of respondents did not support the establishment of a national register of Home Reports.

• A clear majority of respondents did not think that the upfront costs are preventing potential sellers from putting their property on the market. However, most did think there are issues with the majority of Home Reports being commissioned through selling agents due to lack of transparency and perceived conflict of interest.

• Most respondents did not think the requirement for a Home Report before marketing is leading to delays in properties coming on to the market and did think Home Reports are a useful marketing tool for sellers.

• The majority of respondents thought the current enforcement arrangements and redress options for the Home Report are reasonable and appropriate.

• The majority of respondents thought the three documents within the Home Report are appropriate and useful. A very clear majority of respondents thought the Single Survey valuation to be useful with further comments often suggesting the valuation is potentially the most important element of a Home Report.