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Myths of Home Information Packs (HIP)

The HIP doesn’t need to be completed until I have accepted an offer.This statement is contrary to one of the main concepts of the HIP i.e. having the required information prepared to enable a smooth buying and selling process to take place therefore speeding up the process. Only completing the HIP once an offer has been accepted returns us to the position we were in prior to HIPs introduction with unexpected delays that can easily hold the sale up.The time taken from ordering of your HIP to competition should generally be no more than 5-10 days and this is a question that should be asked of your prospective HIP provider.9. HIPS are the reason the UK housing market has slowed down.This is a myth that we felt must include but it is hard to find words for such a far fetched concept. How can Home Information Pack documentation which commonly costs 250 - 400 and provides useful required and essential information in the property buying and selling process cause such a slow down in the UK Property market?10. Every property now requires a HIP if it is to be marketed.Whilst it is true that the initial roll out of the HIP legislation via number of bedrooms has been completed i.e. number of bedrooms does no longer determine whether a property requires a HIP; there are still some HIP exclusions. For e.g. a private, non-marketed sale and mixed use properties remain exempt from requiring a HIP. More reading on Home Information Pack exclusions can be found here.About the Author:HIP-Consultant.co.uk are a specialist HIP and EPC provider. For more information, article and Home Information Packs and Energy Performance Certificate provision please feel free to visit our website.Article Source: ArticlesBase.com - Myths of Home Information Packs (HIP)



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08.02.2010


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