NAEA accuses DCLG of Hip cover up says National Homebuyers
More people may seek a fast property sale after it was revealed that many people believe Home information packs (Hips) have failed to speed up the home-selling process.
[UKPRwire, Thu Mar 20 2008] The National Association of Estate Agents (NAEA) has accused the Department for Communities and Local Government (DCLG) of trying to cover up findings from recent research into the packs.
A DCLG press release was recently published on the introduction of Hips and the NAEA reacted angrily after claiming that the DCLG had tried to make a scapegoat of agents.
However, now the organisation has read the research in full and it believes that a cover up may have taken place.
The findings may lead to more people seeking a fast property sale in order to avoid the use of Hips.
"Clearly desperate to say something positive, the press release concentrated on the seller’s perception of the Hip… Nowhere did the press release concentrate on the buyers," said NAEA chief executive Peter Bolton King.
"As far as Buyers were concerned, only 20 per cent felt that the Hip sped up the buying process and 41 per cent of buyers thought that a Hip made the buying process more difficult.
"Perhaps one of the most telling figures was that 76 per cent said that the Hip had no effect on their decision to buy," he added.
Fast property sale expert Julian King adds, "Homeowners who need a quick sale of their property are encouraged to find an alternative to selling on the open market.
"The estate agency route is costly, slow and uncertain. Having to provide a Hips pack increases the cost of selling to between £400 and £700".
Mr King is a director of National Homebuyers, the UK's leading quick property sale firm, guaranteeing to make an offer to purchase any property in the UK, regardless of its condition or location. The company does not require the vendor to have a Hips pack in place in order to sell property quickly.