Are there property sales in Scotlland where PIPs are used?
Sale by private bargain is the norm for house sales in Scotland whether this be by individual negotiation or following a closing date where the so called ‘blind bidding’ system is employed. This was not always the system in Scotland and in the 19 th and early 20 th century many houses were sold by roup more commonly called auction. This method of sale can still be found and is often used for properties which are in poor condition, have been repossessed or have title or other problems. The significance is that the bargain is concluded on the day of the auction and the terms of the contract are set out in advance by the seller. These terms are almost invariably that there are no warranties as to the condition of the property, the terms of the titles or any other matter. It is par excellence an example of caveat emptor. The purchaser takes this as they stand tantum et tale. Either the purchaser takes a chance or he has his solicitor do all the work of title examination and searches in adv
