Despite well documented criticism over home information packs (HIPs), Hamptons International believes the impending regulation changes could help the market by promoting greater transparency and ensuring consumers are better informed.
Marc Goldberg, head of residential sales at Hamptons International, said it was vital consumers received the best possible service when buying or selling a home during the economic downturn.
He explained: "The biggest change from the 6 April HIP revision is that agents will now have to delay marketing properties until they have received the completed HIP, including PIQ. Whilst this initial delay in marketing may cause some frustration to begin with, hopefully the extra upfront preparation required will speed up the transaction process."
He concludes: "In addition, whilst some agents have previously disregarded HIP requirements, these changes should also help to drive increased monitoring of compliance across the industry."IFAonline
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