Home Information Packs (HIP's)
There is some confusion among house sellers about HIPs. The regulations are now in force and you will require a 'Home Information Pack' (HIP).
Green2Blue has made this as easy for you as possible by explaining the differences and showing examples.
HIP's will comprise a number of mandatory and optional documents - all aimed at providing the buyer with key information about your property as early in the process as possible.
Sample EPC
Sample HIP
The documents to be included:
Sale statement – a summary of the terms for sale
Local Authority Search – a search of the local authority to identify anything that may affect the property, such as plans for development
Drainage and water search – to provide information about any pipes and sewers
Energy Performance Certificate – to show the extent to which the property is energy efficient
Evidence of Title – to provide legal details of the property, such as whether the title is registered or unregistered, freehold or leasehold
Home contents form – to show what's included with the property
Home use form – to show how the property is used, for example for residential or business purposes
How do I get my Home Information Pack?
When you instruct an Estate Agent to sell your property, we will immediately arrange for a HIP to be produced for you, to allow us to start marketing your property as soon as possible. This will require a visit to collect room sizes etc and to establish the energy use of your home.
Is there an upfront cost for my Home Information Pack?
This varies from diferent Estate Agent, but you can almost guarantee it will be incorporated into the final price somewhere. The cost of a HIP is usually about £350.
If when a HIP has been purchased, you decide to withdraw your property from the market at a later date or from an Estate Agent, you will likely still have to pay for the HIP upon withdrawal. make sure the cost will be the actual cost of production with no uplift or additions.
TIP:- Any HIP you have bought you will be able to use re-market your property within one year.
Green2Blue Properties hope you find this information useful.
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