What will a HIP provide?

What will a HIP provide?

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...

If we look at the core, what a HIP provides is an extensive amount of information to buyers before they make an offer. If you think about the way the system works at the present time, somebody puts the house on the market, we see the details perhaps on the internet first, and get further information from an estate agent and go around to take a look. We'll often be taken in very quickly as to whether we like the property or not and maybe make an offer on it, but know absolutely nothing about any problems or issues there may be, which may affect our buying decision. We may just decide to pull out or change the level of the offer that we may make. What Home Information Packs do is they put a lot more information in your hands right at the beginning, so you don't waste your time and waste the seller's time, and are much more likely to come to an agreed value that's going to stick throughout the course of the transaction.