Evenin' all. We're moving and therefore need to get a HIP sorted. Is there anything I need to be aware of or is it a pretty straight forward thing?
Ta.
Ta.
HIPs advice
- Thread starter gcol
- Start date
Ask your estate agent if he will throw a HIP in free of charge if you give him the business.
Many will as they have their own assessors and they will include it to get the business so its worth asking the question.
Many will as they have their own assessors and they will include it to get the business so its worth asking the question.
I'm not using an estate agent Bahco.
O
oompah
In that case you will need to get recomendations and expect to pay around £300.
Glad you are bypassing the leeches estate agents!
I wasn't planning on it. Have you done one yourself toptec?
Bahco, it'd be a dark day before I gave an estate agent any of my hard earned for arranging to show someone round my house and being an intermediatry in the sales process. And especially at the rates they charge!
D
dextrous
If memory serves me right, HIPs have a life expectancy of 6 months. So it may be worth your while getting the house on the market and putting off the HIP until you've had a few "bites", especially with the market still being a bit sluggish.
My old mans just put his house up for sale. The estate agent arranged the solicitor and HIPs.
He got a letter asking for a sum of money regarding an energy performance rating they had done on the property, I don't know how as no ones been near the place yet.
He got a letter asking for a sum of money regarding an energy performance rating they had done on the property, I don't know how as no ones been near the place yet.
Thing is tho dex , beccett has made a new law
http://www.lawsociety.org.uk/newsan...aigns/view=newsarticle.law?CAMPAIGNSID=1716843.a HIP will from 6 April have to be available on the first day a property is marketed . It will no longer be possible for homes to be marketed providing a HIP has been ordered (‘first day marketing').
This is reeeely helping the market eh. Or local snoopies for new poll tax rates?
D
dextrous
Wages and staff bonuses still need paying
D
dextrous
I stand corrected.
Pity. As I understand it (although this may be out of date also), mortgage lenders don't always accept the info within the hips anyway - thus buyers have to got to the expense of legal fees to satisfy them anyway.
Thus the whole thing is a complete waste of money.
Pity. As I understand it (although this may be out of date also), mortgage lenders don't always accept the info within the hips anyway - thus buyers have to got to the expense of legal fees to satisfy them anyway.
Thus the whole thing is a complete waste of money.
GCol - My son and his partner did their own when they sold earlier this year. They paid for their own EPC, I think it was about £70, and the rest they did themselves. Land registry was pretty easy and the rest straight forward.
I was looking for the site they used for examples of the forms this might of been it.
http://homemove.wordpress.com/home-information-packs/diy-sellers-pack/
The packs they produced were missing a couple of items, like the drainage search but it was not noticed and the buyers instructed their own searches in any case.
It was all a bit of a shambles as there was only bits of the information that was useful to the buyer. They wanted a full survey done and that covered the items they had missing.
They managed to save themselves a couple of K by avoiding estate agents and advertising locally.
One thing his partner did do was to obtain a HIP from a local estate agents for another house which she went and viewed. That gave them pointers of what to include. I must say I couldn't tell any differnce between the "Pros" one and the one that they did themselves.!
I was looking for the site they used for examples of the forms this might of been it.
http://homemove.wordpress.com/home-information-packs/diy-sellers-pack/
The packs they produced were missing a couple of items, like the drainage search but it was not noticed and the buyers instructed their own searches in any case.
It was all a bit of a shambles as there was only bits of the information that was useful to the buyer. They wanted a full survey done and that covered the items they had missing.
They managed to save themselves a couple of K by avoiding estate agents and advertising locally.
One thing his partner did do was to obtain a HIP from a local estate agents for another house which she went and viewed. That gave them pointers of what to include. I must say I couldn't tell any differnce between the "Pros" one and the one that they did themselves.!
What a shame those poor estate agents have been deprived of some hard earned cash!
I have heard that people have wised up to their exhorbitant charges and so they now have to charge a fixed price instead of a % of the house value.
This is happening in our neck of the woods and not before time!
I decided to go for an online HIP. Cost about £215 all in. Bonus is that when the details came through, I got a £200 pound off offer to use their solicitors. Solicitors fees will be £402. Will give them a go at that price - can't be that bad!
Will keep informed in case anyone is interested.
Will keep informed in case anyone is interested.
