Home Information Pack Pitfalls
Home Information Pack PitfallsAuthor: Paul SailesHome Information Packs are now becoming a little more understood by the general public though there are still a few pitfalls to avoid. To quickly recap; Home-owners or their agent marketing a residential property in England or Wales are now under a legal duty to provide a Home Information Pack. The following compulsory documents must be included in a HIP: Index Energy Performance Certificate (EPC) Sale statement Standard searches Evidence of title Additional information for leasehold and common hold sales, where appropriate. Optional documents in the HIP may include: Home Condition Report (HCR) Legal summary Home use/contents forms Other documents Additional information for leasehold and common hold sales, where appropriate.
Pitfalls 1 - Estate agents in general will charge higher rates than if you were to purchase the HIP Pack direct. Why? Because most agents will contract the work out to an independent HIP provider whether local or national. The estate agents obviously want to make some money on top of what they pay the contracted HIP provider and therefore it is more expensive than if you were to purchase it direct - as with most things, a direct provider is cheaper.
Some provider you may feel that they are a direct supplier; though ask them, do you compile the pack or do you contract the work? 2 - It is starting to become more common that if you do commission a Home Information Pack from an independent supplier the agent may ask for a fee.
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Tvoja comment`s:
Certainly, a bad article
15.01.2010
MoonShine comment`s:
Author rummages in the topic
23.03.2010
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