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SELL YOUR HOME QUICKLYThe Home Information Pack: Making it harder to sell problem houses
As of 1 June 2007, all UK home sellers wishing to put their homes on the market will be required to obtain a Home Information Pack (HIP) for their property. The HIP comprises a complex selection of documents that will add further delays to an already lengthy home selling process – and, in some cases, may make it even more difficult to sell your home. If you’re already facing a crisis, you may feel that you have nowhere to turn.
The good news is that you do have another option – one that won’t cripple your budget, nor waste valuable time. Because at MPG, we don’t require a Home Information Pack in order to guarantee you a fast cash sale for your home!
No Home Information Pack needed when you sell to MPG
At MPG, we assess every property on its merits and make an offer accordingly. We typically make a cash offer that is approximately 15 – 20% below the current market value of your house, but our offer to buy is always guaranteed. This gives you the chance to move on with your life without the burden of a house that seems like a millstone around your neck.
We are experts in dealing with hard-to-sell property, offering a real solution for homeowners who have found themselves with a property that simply won’t sell on the open market. In fact, many of our customers have attempted to get an estate agent to represent them but have been turned away. But, as leading UK home buying company, we’ll buy any property, and for that reason we do not require an HIP.
What makes a home hard to sell? The following issues usually make it extremely tough to sell a home fast:
- Section 20 notices
- Subsidence
- Short lease
- Properties in poor condition
- Sitting tenants
For problem properties, the Home Information Pack features a number of documents that are likely to make it even more difficult to sell, including:
- Energy Performance Certificate
These are issued by an accredited Energy Assessor who visits the property to make an assessment of the age, type of construction, location and relevant fittings (heating, insulation, double glazing).
- Home Condition Report
While this document is an optional addition to your HIP, it is likely to play a crucial part in a buyer’s assessment of your property. However, obtaining a satisfactory Home Condition Report may require carrying out costly and time-consuming repair work on your property, and it may also influence a valuation of your home.
If these new documents reflect poorly on your home (i.e: by noting its poor condition or unsatisfactory energy performance), it may become increasingly difficult to sell your home. Moreover, correcting these flaws by installing new heating, insulation and double glazing, or renovating your property, is an extremely costly process!