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Home Inspection News
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Campaigners want sellers to keep the right to put their home on the market before their home information pack (Hip) is finalised.
At present owners can market their properties as soon as they have commissioned a Hip, but from June it will have to be completed first.
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Home Inspection News
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It is becoming clear that low-cost Home Information Packs (HIPs) are causing concern and expense for sellers and buyers due to inaccurate content and missing documents.
The lack of awareness about HIPs has meant that most consumers are choosing the
lowest-cost products possible. With providers being forced to cut prices to survive, the resulting compromises in quality are having a major impact on buyers who are being discouraged by incomplete information contained in a HIP, making them increasingly nervous about their purchase. Although most HIPs are legally compliant, this offers no guarantee that they are either complete or accurate.
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Home Inspection News
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What effect has the introduction of home information packs (Hips) had on the housing market, and will their impact grow or diminish in the coming months? Few issues have caused as much wailing and gnashing of teeth as Hips. The Royal Institution of Chartered Surveyors (Rics) fought hard against them, seeking a judicial review ahead of their introduction because of a lack of proper consultation. Many of the surveyors contributing to the gloomiest Rics house-price survey since 1992, published last week, put some of the blame on Hips. The National Association of Estate Agents remains opposed, even though Hips have been required since December 14 for the sale of all properties.
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Home Inspection News
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Poor preparation and a failure of nerve by ministers are to blame for the "long and torturous" introduction of controversial home information packs (Hips), an influential group of MPs will say today.
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Home Inspection News
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UK house prices fell by 3.2% in December, as seasonal factors and the full roll-out of home information packs (Hips) took their toll on an already slowing market, property website Rightmove claimed today.
The website's latest survey of asking prices showed a dramatic fall from an average of £239,986 in mid-November to £232,396 this month.
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Home Inspection News
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Home Information Packs have become the latest handy weapon for house buyers looking to knock thousands of pounds off asking prices.
According to a survey of 1,557 people by Hyder Consulting Environment and Home Survey, nearly half of all buyers said that they are ready to use the energy report in the HIP to demand a discount on the asking price. And 14 per cent of those surveyed said a poor energy report would make them think twice about buying in the first place.
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Home Inspection News
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Ministers have come under fire from the House of Lords after bringing in Home Information Packs (HIPs) for all properties last Friday.
The House of Lords select committee on HIPs, led by the Labour peer Lord Filkin, criticised the Government for breaking a promise not to roll out HIPs before scheme trial results had been published.
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