REsidEnTialsales
Robert
Scott-Lee,
HIPs – thorn in the side?
md,
cHancelloRs
“The introduction
of first day
marketing has
frustrated sellers,
who want to
progress to the market, and also frustrated
buyers who want to know about the new
properties we have but cannot tell them
about! A useful HIP is difficult to foresee.
With management enquiries and searches
in disarray there will never be a ‘smooth’ or
uniform HIP. Under current rules this just
leads to uncertainty with properties being
delayed when coming to the market and
even withdrawn mid marketing. The
Government should split the EPC from the
HIP and make that part mandatory but
scrap the rest.
“We are committed to following the
requirements of HIPs regulations to the
letter but remain in the situation where
neither buyer nor seller values the HIP as
part of the marketing information package.
While HIPS can put honest agents at a
competitive disadvantage we believe we
will demonstrate, to both customers and
clients, why a quality agent is needed in the
regulated market we work within.
“A scary proportion of agents are
flaunting the law on HIPs which can result
in fines but more importantly forced
withdrawal from market and so missing
the key buyer. We have worked hard to
Marc In the economic ensure we adhere to every element of the
Goldberg,
downturn,
regulations but without the government
enforcing HIP regulations, and taking
Head of Residential
sales, Hamptons
action against those that breach the rules,
inteRnational
it is vital that we are left at a competitive disadvantage
on the high street.
“In the economic consumers receive “Thankfully quality clients do always
downturn, it is want a compliant agent so once explained
vital that the best possible we find most potential clients see the
consumers benefit of steering clear of agents who are
receive the best possible service when service when avoiding the regulations.
buying or selling a home. The biggest “Currently the disorganisation of Local
change from the 6 April HIP revision is buying or selling Authority Searches is putting up the cost of
that agents will now have to delay moving for both the seller and buyer –
marketing properties until they have a home.’ something clearly against the government’s
received the completed HIP, including PIQ. objectives. One would hope Local
Whilst this initial delay in marketing may maRc goldbeRg, Hamptons inteRnational Authorities are planning to take action as
cause some frustration to begin with, we speak. It is also important to remember
hopefully the extra upfront preparation help to drive increased monitoring of that once a sale is agreed any purchaser’s
required will speed up the transaction compliance across the industry”. solicitor will use the absence of a HIP as a
process. In addition, whilst some agents Hamptons is running a PR campaign to clear negotiation tool with both time-
have previously disregarded HIP heighten public awareness of HIPs. frame and cost implications to the seller.
requirements, these changes should also
PROPERTYdrum JULY-AUGUST 2009 45
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