Home Information Packs-a Seller's Guide
Anyone who is selling a home will have heard of the Home Information Pack or HIP as it is also known
. These are relating to the property that you are selling and they are now compulsory for the majority of homes that are on the market for sale in England and Wales. As from 6th April 2009 there are certain documents that must be contained within the HIP from the first day that it goes on the market, and below is a list of the compulsory and optional document that a HIP can contain:
Compulsory Documents
An index which lists all documentation within the HIP.
PIQ or Property Information Questionnaire.
EPC or Energy Performance Certificate.
For new build homes - a document referring to sustainability information.
Evidence of title.
Sale statement.
Documents which are compulsory but which can be included up to 28 days after the property has gone on the market for sale
A copy of the lease - this only applies to properties which are leasehold.
Commonhold documents, if applicable.
Standard searches which include drainage and water searches and any local authority searches.
Optional documents
Home Condition Report.
A home contents and use forms - these include information relating to the boundaries of the property, any planning permissions, any part of the property they shared with neighbours and any notices that been served on the property.
Any guarantees or warranties for work that has been carried out on the property such as cavity wall insulation or damp proofing.
There are of course properties which can be marketed for sale which do not require a
HIP, if your property falls into the following categories it will not need a Home Information Pack.
Any mixed sales - these are properties which have a shop, usually downstairs with a flat above.
Properties which are used as holiday accommodation or are occupied for fewer than 11 months each year.
Properties which are non-residential.
Properties which are not what the market for sale i.e. they are sold to a family member or friend.
Properties which are due to be demolished or which are unsafe.
Any Right to Buy Social HomeBuy or Right to Acquire properties.
Properties which are not a vacant possession and have a sitting tenant.
If you are selling a property you can employ someone else to create the HIP for you, such as a solicitor, a HIP provider or your estate agent or you can choose to compile the documents yourself. It is entirely up to you who you choose to create the HIP, just make sure that all compulsory the documents are available.
Whilst it may seem like tiresome paperwork to have a HIP created is actually beneficial for the seller as potential buyers can see all the information relating to property at the same time. This will then enable them to make a faster decision on putting in an offer on the property and they also help to dramatically speed up the sales process. For more information on HIPs or EPCs contact CR Energy who will be able to advise you further.
by: Alexis Twigg
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