Sunday, May 21, 2006
Hips, open and shut case?
Firstrung: 'HIPs could elevate property industry' Case closed
Having run a pilot Home Information Pack scheme since August, Kevin Hollinrake of the Hunters Property Group North writes that HIPs will not be as bad for the property market as many in the industry are expecting them to be.
Below, we reproduce an article published this week in Estate Agency News on his views of how HIPs will affect the buying process:
Posted by Converted Lurker @ 12:28 PM (238 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Bidin'matime said...
"Most buyers report that they are happy to rely on the HCR prepared on behalf of the seller.."
and
"Although lenders will require an independent valuation, increasingly these are carried out by sophisticated financial modelling, without a surveyor ever visiting the property concerned, and therefore without significant additional costs or duplication of work."
Could it be that the buyers and lenders are so caught up with the idea that, whatever the price or condition of the property, it must be a good investment, so why waste time getting it properly surveyed?! This could all look a bit different as the market turns sour.