Moved: HIPs is it affecting your property sale
 

I just wondered if HIPs has affected anyone else's property sale. We have just put our house on the market but the agent seems to think that the market is now becoming flooded with properties as people are marketing before the 1 June to avoid HIPs. He told me that they are taking on more properties in the lead up than ever before.

Just wonder if anyone else has had this and what your thoughts might be:ohmy: .

Sandra

Re: HIPs is it affecting your property sale
 

I had a surveyor here on Wednesday (my buyers surveyor that is) and he and i were tlaking about it. He said that is what they were expecting to see, but that it just has not happened and they are suprised it hasn't.

He also had quite strong opinions on the use/purpose of it as it does not need to include a survey anyway.

Re: HIPs is it affecting your property sale
 

In my area agents say they have had a mad rush to put properties on at least one a day is going on with each agent roughly about nine in our town and thats a lot of houses.

Re: Moved: HIPs is it affecting your property sale
 

What's HIPs? :confused:

Re: Moved: HIPs is it affecting your property sale
 

http://www.clickhips.co.uk/pages/what.php

Although it's the energy efficiency bit which is the most imortant aspect as far as the seller's concerned.

Re: Moved: HIPs is it affecting your property sale
 

Yes it has affected my sale (i.e. I'm rushing to get it on this month).

The agent I spoke to last week said he'd not noticed any particular increase in listings, mind.

Re: Moved: HIPs is it affecting your property sale
 

Ours went on the market last week. There are a lot of new properties on the market and this could be pre-hips but it is also the rush time of year anyway.

Downside- competition
Upside- more buyers

Gryphea

Re: Moved: HIPs is it affecting your property sale
 

Wouldn't there be less buyers?

If I understand this HIP thing correctly. :confused:

If I were in the market for buying a home I would be waiting until the HIPs became effective. It would cost me nothing and give me more information about a property.

Am I missing something. :confused:

Re: Moved: HIPs is it affecting your property sale
 

Well its just anyone who has sold or is about to sell is also a potential buyer. Very few properties will come onto the market in June due to Hipps. and I suspect due to the influx in pre-June it may cascade into July as well Those that came on before June have until Jan.

Gryphea

Re: Moved: HIPs is it affecting your property sale
 

We have been on the market for 2 weeks now with out a viewing. The agent says that their are so many properties to choose from that buyers are spoilt for choice. So its harder to sell. Just at a time when we least need it. I want to just sell up and go.

Re: Moved: HIPs is it affecting your property sale
 

I think it depends on the area. Most agents I had round on Tuesday said they're paying for it but they're not seeing a mad rush for people to put properties on the market - as long as you sell by Dec 31st you don't need one.

They also said that most buyers don't know anything about them and some of the agents said they wouldn't be surprised if it was all pulled at the last minute!

Re: Moved: HIPs is it affecting your property sale
 

God I hope so.
I want lots and lots of buyers not sellers.
So that we can sell our house get lots and lots of money and go.

:thumbsup:

Re: Moved: HIPs is it affecting your property sale
 

Had another agent round this morning, said they were taking 7-8 instructions a day at the moment compared to a norm of 5-6 so it's up a bit, but nothing spectacular (we're in Bournemouth).

And it'll be balanced out by a lack of property coming onto the market next month as the HIP farce limps into force and stuffs everything up for sellers.

So overall, for May/June, it's liable to even out.

Re: Moved: HIPs is it affecting your property sale
 

funnily enough I used to work in local estate agents so when OH got job offer in November last year tied up I got them round to put on market asap. I got loads of viewings and on first weekend got 3 offers. Went with full asking price and managed to drag the process out (they were in rented) to May 3rd. Now I had the dilemma of selling quickly (priced just under £250,000 to avoid 3% stamp duty) but everyone who looked said it was priced to sell and no other competition on at the time as Christmas. I then saw reports on house prices still racing up and by the time we completed the house would have been worth easily £6-7,000 more. However, I knew this would be the case with HIPs and the fact that most people like to move in Spring and also avoid the HIPs so took the hit. I think I did the right thing as now in rented holiday accommodation and waiting for PPR to come through any week now and then we're off! But its not easy, I've lost more sleep over the blooming British housing market than anything else in life. Its a scary thought coming off that ladder and being "homeless" as such but took the view that a dip in accommodation now is inevitable and just means the dip is in this country and not Canada.

Re: Moved: HIPs is it affecting your property sale
 

we had 3 estate agents to our house and all of them said that they had their own peopleto provide an hips cetificate at a cost of £300 ,so we decided to wait awhileto see how things pan out.as we have not yet had our medicals and we are not sure if we may get the knock back