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.
From the 6 April, a HIP must be available to buyers as soon as a property is marketed; a new Property Information Questionnaire (PIQ) must be completed by all sellers; and all searches must be complete, bringing an end to the use of insurance in personal searches. 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 ...
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