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HIP and House Prices



Home Inspection News

Some say the introduction of Home information packs may cause a fall in house prices, but realistically is this possible. How can a seller say that for a few hundred pounds on a home pack their house will lose thousands in the process.

The seller may make a complaint but you've got to pay legal fees somewhere down the line. That's what property solicitors and conveyancers are for, and yes we must pay them for what basically is a home pack anyway. But, if you are moving house you won't have to pay for a HIP as you are the buyer! Everything's even.

If you get an HCR home condition report as a buyer, note the defects, you could use this as a bargaining tool if considering an offer.

 

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