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.
Jun/090
Home Information Packs set to help Private Sector
The packs are being introduced to sellers of 4 or more bedroom houses. They will contain essential information to the buyer, and the government is to propose having the packs for all homes sold in England and Wales.
Copies of title deeds, any recent planning permission or building consent given on the property will be included in the packs as well as area searches and energy certificates.
Though some are opposed to the packs being introduced saying it will be costly to the house selling trade, most realize it’s a chance to expose rogue operators and will give the selling market to become clearer, more understandable and reduce chances of a sale falling through.
 |
 |
