Home Information Packs which are also known as the HIPs are compulsory for the majority of properties in England and Wales being marketed. In 6 April 2009, important changes were made to HIPs meaning better information is now available as soon as a property is marketed.
The pack contain documents that provide the buyer with key information about the home and must be provided by the seller or the agent. It is against the law to market a property without one in England and Wales.
The home pack give buyers access to important information about the property at the beginning of the buying process without having to spend a penny. It is less likely that buyers will become aware of issues at the end of the process especially if they have the HIP includes the optional Home Condition Report. In theory the info pack will reduce delays and extra costs for both the buyer and the seller. However, the jury is still out.
The pack contain documents that provide the buyer with key information about the home and must be provided by the seller or the agent. It is against the law to market a property without one in England and Wales.
The home pack give buyers access to important information about the property at the beginning of the buying process without having to spend a penny. It is less likely that buyers will become aware of issues at the end of the process especially if they have the HIP includes the optional Home Condition Report. In theory the info pack will reduce delays and extra costs for both the buyer and the seller. However, the jury is still out.
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