Date Published 28 March 2006
From June 07 all homeowners in England and Wales will need to arrange for a Home information pack (HIP) to be prepared before putting their home on the market. This is a major change in the way houses are sold but it is felt that it will bring greater transparency and certainty to the house buying and selling process. The benefits are that sellers will be able to identify if there are any problems with their property from the outset and that buyers will know exactly what state the property is in and will be able to make an offer with greater certainty and confidence. HIPS simply transfer the availability of information to the beginning of the process so everyone knows where they stand from the start. Able Estates will keep you updated via their website on any HIPS news, alternatively feel free to call either of their branches and speak to a member of staff.