Hips may cause sales to fall through say National Homebuyers
The introduction of Home information packs (Hips) continues to impact home sellers and boost the number of people looking to make a fast property sale.
[UKPRwire, Tue Mar 04 2008] The National Home Improvement Council (NHIC) has highlighted that the packs could be used to alert potential buyers to the presence of asbestos in a property.
According to the organisation, this may lead to a potential sale falling through, meaning the home seller will need to pay for expensive modifications to be made.
However, with a fast property sale, Hips are not needed, meaning that home sellers can avoid the situation described by Andrew Leech from the NHIC.
"With the advent of the Home information packs, anything like [asbestos] should come to light when a survey is done," said the technical consultant.
"I would think that if you've got your heart set on a house and then you discover that it's got asbestos lining in it, you should say to the vendor: 'You either put this right before we buy, or we won't purchase'," he added.
Julian King of fast property buyers National Homebuyers says, "Homeowners looking to achieve a quick sale without having to pay for a Hips pack should look at alternatives to the traditional estate agency route.
"Hips has been a fiasco from the outset and really does little to benefit the homeseller. The very reason it was first introduced."
Mr King is a director of National Homebuyers, the UK's leading Sell and Rent Back provider. He is also a founder of APBA [Approved Property Buyers Association] which is calling for regulation in the quick house sale and Sell and Rent Back industries.