Avoiding HIPS

Author
Discussion

HRG.

Original Poster:

72,857 posts

246 months

Monday 20th July 2009
quotequote all
Is there any way of avoiding HIPS? I want to get my house valued and potentially dip a toe in the water to see if there's any interest, but I don't want to pay for a HIPS as yet.

Are estate agents taking instructions for houses that aren't actually for sale yet but will be coming up for sale in the near future? wink

Sam_68

9,939 posts

252 months

Monday 20th July 2009
quotequote all
Not legally, no. They're now required for any house being marketed AFAIK.

dangerousB

1,697 posts

197 months

Monday 20th July 2009
quotequote all
There are a few "get-outs", but you will need one before you start to market I'm willing to bet . . .

http://www.direct.gov.uk/en/HomeAndCommunity/Buyin...

cinque

833 posts

289 months

Monday 20th July 2009
quotequote all
I think you'll be very lucky to get an agent that will take on a property "without" a HIP.

The agents are liable for a £200 per day fine "if" they knowingly market a property without one.

One of the ways around this, was to "apply" for a HIP and then subsequently "delay" the process for a month or so.

To date, i dont think anybody has been fined, agent or vendor.

Sam_68

9,939 posts

252 months

Monday 20th July 2009
quotequote all
cinque said:
One of the ways around this, was to "apply" for a HIP and then subsequently "delay" the process for a month or so.
That loophole has now been closed. You used to be able to market a house provided you had commissioned preparation of the HIP, and then had a 'reasonable period' to actually get the HIP in place. This relaxation was a temporary exemption when the rules were first introduced, however, and as of April this year you now actually have to have the HIP in place when the property is first marketed.

Edited by Sam_68 on Tuesday 21st July 17:37

HRG.

Original Poster:

72,857 posts

246 months

Tuesday 21st July 2009
quotequote all
... Unless it's a private sale?

Nice to see the government doing their worse to stifle the economy.

Sam_68

9,939 posts

252 months

Tuesday 21st July 2009
quotequote all
HRG. said:
... Unless it's a private sale?
Yes - private as in no Estate Agent or marketing involved, just a private agreement between two individuals.

I'm pretty sure, for example (though I'd have to check - I don't get too deeply involved with the nuts and bolts of our sales side), that people don't need a HIP for us to be able to take their house in part exchange (though, of course, we need one before we can start marketing the house to sell it on).

HRG.

Original Poster:

72,857 posts

246 months

Tuesday 21st July 2009
quotequote all
Is there any mileage in not actually selling the house but putting an instruction that says it will be offered for sale soon?

mk1fan

10,648 posts

232 months

Tuesday 21st July 2009
quotequote all
Sounds like a lot of effort to delay doing something you'll have to do anyway. An EA isn't going to find you a Private Buyer without a commission.

Good to see the HIPS are stopping timewasters putting their houses on the market just for yah yah's - not.

HRG.

Original Poster:

72,857 posts

246 months

Tuesday 21st July 2009
quotequote all
mk1fan said:
Sounds like a lot of effort to delay doing something you'll have to do anyway. An EA isn't going to find you a Private Buyer without a commission.

Good to see the HIPS are stopping timewasters putting their houses on the market just for yah yah's - not.
fk off you utter utter spasmodic cock. Why should I pay some tt that's done a couple of hours training to do something I will employ a fully trained surveyor to do anyway?

Now fk off back under the rock you crawled from you hateful little man.

Anyone with an IQ into double figures got something helpful to contribute or should I continue insulting this cretinous waste of oxygen.

HIPS a good idea my fking arse rofl


pdV6

16,442 posts

268 months

Tuesday 21st July 2009
quotequote all
Yep HIP = Crock of ste

However, if what you're really trying to do is gauge interest in your property before actually taking it to market then I don't think there's a good way of doing it. It wouldn't be in the agent's or buyers' interests to "sort of" market a property that might come on the market or might not, so I doubt you'd get very far.

If you're just after a valuation, I'm sure there are plenty of agents who would do that for you.

HRG.

Original Poster:

72,857 posts

246 months

Tuesday 21st July 2009
quotequote all
Yup, I just want to gauge if there's any interest or not. I've seen somewhere I love, however I'd have two houses to sell so I'm looking at a double layout and if the market is flat the money would be better in my bank for now.

I don't need a valuation, I can see what similar properties have sold for round here and can price it accordingly.


mk1fan

10,648 posts

232 months

Tuesday 21st July 2009
quotequote all
I never said HIPS was a good idea.

From your post it sounds like you don't just want a valuation, you want to get a buyer for nothing. No doubt you think the value of your house hasn't been affected by the recent market changes too?

Now the advantages and disadvantages of HIPS can be discussed all day long but as you don't know what you're talking about it seems liitle point in having that discussion with you.

HRG.

Original Poster:

72,857 posts

246 months

Tuesday 21st July 2009
quotequote all
mk1fan said:
I never said HIPS was a good idea.

From your post it sounds like you don't just want a valuation, you want to get a buyer for nothing. No doubt you think the value of your house hasn't been affected by the recent market changes too?

Now the advantages and disadvantages of HIPS can be discussed all day long but as you don't know what you're talking about it seems liitle point in having that discussion with you.
Like I said, you've got fk all to contribute to the discussion so why not just fk off like a good little boy? Go home tonight and ask mummy what "testing the market means" and when you understand that I may talk to you.

Till then, stop being an utter cock and insulting people without good cause.

Oh, and your mum is ugly and you smell of wee.

Mr Whippy

29,878 posts

248 months

Tuesday 21st July 2009
quotequote all
What actually is a HIP.

All they seem to do is have a made up rating like a fridge or washing machine from A to F, and then another made up rating if you do 'made up' work, for what rating you might get.

Is that about the size of it? You are still going to want your own report for structural and so on from a decent surveyor, and is the lender still going to want that too?


Dave

mk1fan

10,648 posts

232 months

Tuesday 21st July 2009
quotequote all
How did I insult you? You're the one who reacted abusively.

You're not testing the market at all. You've said you've found a house you'd like to buy and move to. Now you're trying to find away round stumping up on moving costs. Yes, HIPS are a waste of time and an extra expense on the seller. They don't give the Buyer confidence either and they end up paying for their own surveys too. But they are now mandatory and until we get the option for a Government who actually listens to the public, that isn't going to change so it's an expense you'll have to budget for.

You can try and find a private buyer but surely any one looking to buy outside the normal channels (Estate Agents) will be clued up enough to know the market and press for a better deal to your detriment.

mk1fan

10,648 posts

232 months

Tuesday 21st July 2009
quotequote all
Mr Whippy said:
What actually is a HIP.
Home Information Pack.

In theory, they are supposed to contain all the information and checks a buyer would need to help speed up the purchase process. In reality, buyers don't trust them because they have been prepared by the seller and there is no confidence that thay have been compiled impartially.

HRG.

Original Poster:

72,857 posts

246 months

Tuesday 21st July 2009
quotequote all
mk1fan said:
How did I insult you? You're the one who reacted abusively.

You're not testing the market at all. You've said you've found a house you'd like to buy and move to. Now you're trying to find away round stumping up on moving costs. Yes, HIPS are a waste of time and an extra expense on the seller. They don't give the Buyer confidence either and they end up paying for their own surveys too. But they are now mandatory and until we get the option for a Government who actually listens to the public, that isn't going to change so it's an expense you'll have to budget for.

You can try and find a private buyer but surely any one looking to buy outside the normal channels (Estate Agents) will be clued up enough to know the market and press for a better deal to your detriment.
You called me a timewaster, now back off Sonny or I'll insult you furiously.

mk1fan

10,648 posts

232 months

Tuesday 21st July 2009
quotequote all
1. My comment about HIPs stopping yah yah's wasn't directly refering to you but a general comment on the ineffectiveness of HIPs. I didn't write 'It's good to see HIP's is stopping you form wasting everyone's time'. And you respond like Harry Enfield's 'Kevin'.

2. From your posts you are a timewaster. You either want to sell your property or you don't. Getting a valuation is one thing and to be fair EA's time is worthless anyway but you're wanting to get a buyer or two on the hook. And that's wasting people's time.


HRG.

Original Poster:

72,857 posts

246 months

Tuesday 21st July 2009
quotequote all
What you give with 1) you take away with 2).

So Mr Cocktard, would you put a plan in place before selling a property or would you just assume there was enough money in the pot, people were buying and the person performing this service was more than a trained monkey?

You do realise paying money out for a HIP that could actually go towards paying a surveyor is utterly foolish...

You'll be telling me Labour have done a good job on the economy next.

I need to know if my two properties are worth enough to make the purchase feasible, why should I pay some retard to produce a graph when I'm going to completely ignore it anyway.