Make The Most Of Home Information Packs
Home information packs or HIPs are a useful part of the residential conveyancing procedure, but are often overlooked by the parties involved. There are, however, specialist residential conveyancing solicitors who can help. Read this article for advice on how to deal with home information packs.
Home information packs should not be ignored
Home information packs or HIPs as they are commonly referred to are not the most popular addition to the conveyancing procedure but Buyers should make the most of them. 8 out of 10 residential conveyancing buyers do not look at the home information pack. This is a mistake as home information packs can contain extremely useful information which may help you decide whether or not to buy a particular property and save you wasting money on paying for a survey you might never need or help negotiate a reduction in the purchase price.
Residential conveyancing solicitors are here to help explain home information packs to you
If you are unsure what the various parts of the home information pack mean, ask your residential conveyancing solicitor to examine the home information pack for you. Many will give you free initial advice on its contents. This way you can use the information available to your advantage. Dont be afraid to ask your residential conveyancing solicitor questions. He or she is there to help you and look after your interests.
Residential conveyancing solicitors advise take your time
After you become interested in a property, make sure it will be right for you. Residential conveyancing solicitors see many clients who decide to purchase a property after viewing it only once and then regret it when it is too late. If you are interested in a property view it on at least three or four occasions before making an offer. You will notice different things each time you look around the property. If you do not know the area, view at different times of the day, weekdays and weekends, in and out of school holidays if possible. This will help you build up a picture of what it will be like to live at the property you are going to buy. Ensure that when you obtain your home information pack it is for the right house, in the right area, and involve your residential conveyancing solicitor as early as possible.
In December 2008 a package of new measures were announced by Margret Beckett the Housing Minister. The new measures are designed to ensure consumers receive better information when buying and selling houses.
The home information packs will now include more information available, the information will be made available sooner and the pack will include a summary of information helping to make it easier to decide whether to view a property or not.
For more information, advice and assistance, contact the residential conveyancing team at your local solicitors.