Jun/090
HIPS being disregarded as housing market slows
Research shows that sellers are disregarding Home Information Packs in the current economy climate.
The packs, which cost £400, are essential by law now when selling a home and contain important information for the buyer such as copies of title deeds, any recent planning permission and area searches. However it seems some HIP’s aren’t becoming available until the house has been on the market for weeks, if at all.
This is partly because sellers don’t see the need for HIP’S. Some think they are a waste of money because most buyers don’t ask to see it and according to them doesn’t help to sell the house. The Government, however feel that HIP’S are worth having and do reduce the transaction time because they are making the market more clear.
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