Home Information Packs (HIP)

Sell your home to Quick Move and you will not need a home information pack (HIP).

Quick Move is a private buyer of houses and therefore a pack is not required. This means you avoid the delay, hassle and cost of compiling a HIP.

For more info on the HIP regulations read on. If you would like more info about us and the benefits we can offer please follow the links.

What is a Home Information Pack?

• Since 14 December 2007 a Home Information Pack has been required on all homes being marketed in England and Wales.
• The pack provides information needed by home buyers at the start of the home buying process.
• It includes much of the information usually compiled by a solicitor during the conveyancing process.
• The burden is now on the seller to compile the info and produce the pack.

Essential Content of Home Information Packs

• Index of Contents
• Sale Statement
• Evidence of Title
• Energy Performance Certificate (EPC)
• Searches
• Leasehold/Commonhold Documents if applicable

HIP's were designed to:

• Provide info so that home buyers make informed decisions before offering
• Reduce duplicated costs if more than one sale proceeds
• Grade the energy efficiency of a home

What are the negatives of HIP'S?

• Home sellers are now unable to test the market without committing cash
• Delays caused because marketing can't commence until HIP compiled
• Much of the packs info is out of date by the time the property goes under offer. The buyer then has to repay for updated info.
• Some lenders/solicitors will not accept the contents of a HIP and may demand their own information, so duplicating costs.
• Cost of a HIP is an added cost to house sale process
• If the property doesn't sell the HIP and the money spent on it is wasted

Are there any exemptions?

Yes there are a few limited exemptions to getting a home information pack. The main of which is that if the property is not being marketed e.g. sale to quick sale company, then a HIP doesn't have to be compiled.

You can avoid a getting a Home Information Pack in the following circumstances:

• When no marketing takes place (e.g. selling to a family member or quick sale company)
• Non-residential properties
• Homes limited by law to use as holiday accommodation or for limited occupation
• Mixed sales (e.g. shop with flat)
• Right to buy and similar sales
• Sales of portfolios of properties
• Properties not being sold with completely vacant possession
• Unsafe properties and properties to be demolished

How to pay for pack?

Our research has found that you can pay up to �600 for a HIP.

There are several ways of paying for a HIP:

• Pay upfront- before marketing commences a HIP is commissioned and paid for
• Financing until sold- normally interest is charged so you end up paying more
• "No Sale No Fee" deal via an estate agent, where pack cost is included in final fee. However in current market agents have either withdrawn these offers or require much higher commissions to compensate for extra risk. There are also many restrictions e.g. not able to transfer HIP to another estate agent.

Why Quick Move?

Quick Move are a private buyer and therefore a Home Information Pack will not be required on your home.

As a cash buyer of property Quick Move offers you a quick, secure and hassle free house sale.

Normally selling your house can be a very uncertain, slow and expensive process. As the UK's leading house buying company we are confident we can ensure a quick house sale. Visit about us to learn more about the company and service.

To learn more about the benefits of the service and for more information on how we make an offer, please follow the links.

What Next?

If you would like more information on the service or would like to receive an offer for your property please don't hesitate to contact us on 0800 068 3366.

You can also complete our simple on-line estimator - this will give you an instant estimate of what our cash offer might be for your property. Simply click on FREE Estimate and let Quick Move help you move house, now.