2010-01-13 21:25:58 - What is a HIP report? What should you pay for one and is it worth it?

You are now required by law to have a Home Information Pack, now referred to as a HIP report, if you want to sell your house.

The idea of a HIP report is to give your prospective buyers a detailed report on how energy efficient your property is and other useful basic property information that may be of use to your conveyancing solicitor.

Today your estate agency cannot and must not advertise or market your property in any way at all, even by word of mouth, to any prospective buyers until your HIP report is completed.

A spokesperson for www.freeconveyancingquotes.co.uk said; “The primary goal of a HIP report is to speed up the conveyancing process by giving everyone involved the information needed about

each property.”

Your HIP report should contain the following information;

Property Information Questionaire
Performance Certificate (EPC)
Sale Statement
Evidence of title – documents that prove the property is yours to sell - and standard searches.
Leasehold properties - a copy of the lease is also needed.

“A Home Condition Report may also speed up the conveyancing process but this is not guaranteed with every HIP report.”

“Prices vary a great deal so be sure to shop around and find the best price. You should look to be paying around £200 - £300 + VAT and no more.”

“Make sure you also shop around for conveyancing quotes www.freeconveyancingquotes.co.uk provides online conveyancing quotes at competitive prices.”