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Deny

Ea Complains About Hips In The Times

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HIPS will not help vendors

"Sir, I have been in residential property sales for many years and know that home information packs (Hips) will not improve the sales process in any way. In fact, the time-waster purchasers will now be able to time-waste without spending their own money. The vendors who have a tendency to gazump (my experience is that this rarely happens) will find it easier and less risky to do so.

Home energy performance reports may or may not be a good thing, but they are not connected to the sales process. If the Government wishes to have them, it should pay for them. In my area, where the average house price is more than £250,000, the Treasury takes three times as much as I earn in commission from stamp duty alone. If you then add the VAT from fees etc, the Treasury can well afford it.

As an estate agent I could make money from the packs, but I would rather do this by working hard on something useful, instead of spending time on bureaucracy which will be expensive and useless to most sellers and buyers. "

I particularly like

In my area, where the average house price is more than £250,000, the Treasury takes three times as much as I earn in commission from stamp duty alone.

Diddums! Is the commission not enough then? aww poor penniliess estate agent.

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