As a seller what does a HIP mean to me?

As a seller what does a HIP mean to me?

Mike Ockenden (Director General) gives expert video advice on: As a buyer what does a HIP mean to me?; As a seller what does a HIP mean to me?; What are the benefits of the home information pack? and more...

First of all, think of people who are sellers as also being buyers, and 87% of the time they are. A seller will actually see the logic of a HIP because they will have them when they are looking at them as a buyer. For a seller, what's the HIP doing? It's reducing the chances of the transaction falling through. That's just as stressful on the sales side of the transaction as it is on the purchase. We buy and sell in trades in this country, and so the greater chance of the transaction failing, the greater the stress value, the more of a chance there is for us to raise cost. Bringing that down is a real issue. Perhaps we can also improve the speed of a transaction, so that zone of uncertainty before you get to the exchange of contracts is reduced. The HIP reduces stress, and that's got to be good for all of us.