AHIPP keeps on championing as deadline looms

iHome Information Packs (HIPs) could significantly reduce wasted costs and duplicated information gathering, saving consumers time and money, says the Association of Home Information Pack Providers (AHIPP).

There is now only 21 days to go until HIPs become a reality.

Under the existing process a number of prospective purchasers could end up paying for the same information on a given property. If an initial sale falls through, other potential buyers pay again for the same information - information that in some cases has in fact resulted in the first buyer opting to withdraw their offer.

Mike Ockenden, director-general of AHIPP, said: "Home Information Packs will strip out a lot of the wasted cost and effort involved in the home buying and selling process, particularly in those cases where sellers opt to include the voluntary Home Condition Report (HCR) in their pack."

AHIPP said the period from offer to exchange of contracts is another stage of the process which can prove costly and stressful for both homebuyers and sellers, often proving a time of great uncertainty.

This is because currently information gathering only commences when an offer on a property has been accepted. This results in a prolonged period of uncertainty, while information is obtained and analysed and any resultant action is taken.

Source Bestadvice.net