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SELL YOUR HOME QUICKLYHome Information Packs: Adding further expense to a costly home sale
Most people who have sold properties through UK estate agents would agree that selling a home is an expensive business. Each day brings with it new costs and fees that need to be paid, and each bill seems to get larger and larger.
Let’s look at what is included in a normal house sale, assuming you are buying another property:
- Stamp duty
- Valuation fee
- Mortgage broker’s fee
- Mortgage set-up fee
- Solicitor’s fees
- Agent’s fee
- Home improvement costs
With all these fees to pay when selling your home, it’s no surprise that homeowners have responded to the introduction of Home Information Packs (HIPs) with a fair amount of reservation.
As of 1 June 2007, new UK property legislation will force prospective home sellers to acquire compulsory documents before being allowed to put their homes on the market. These documents are all to be included in hefty Home Information Packs, which could cost as much as £1000. For those wishing to sell their homes due to financial constraints, this expense will further compound their burden. It’s yet another sum of money to find before you can release the equity from your home.
Bypass the hassle of obtaining a Home Information Pack
It’s no surprise that many homeowners faced with financial problems feel trapped by their situation. In many cases, individuals are unable to solve their credit crises because by doing so they would plunge further into debt. Thus, it is understandable that the introduction of Home Information Packs will only add to these feelings of despair and helplessness.
The Home Information Pack makes it virtually impossible to secure a quick home sale, because it takes a significant amount of time to compile the thick stack of documentation. For example, the Energy Performance Certificate – a compulsory document to be included in your HIP – calls for a home visit by a qualified energy assessor. Following the visit, the assessor will compose a report, in a slow, red tape laden process that will delay your home sale even further.
Thankfully, there is a quicker house sale solution.
MPG Investments is an expert UK cash property buyer, and purchases homes in any condition. This means that, when you choose to sell your home fast to MPG, we won’t require a Home Information Pack from you. We are focused on making the home sale process as fast and as straightforward as possible; thus, where a traditional estate agent sale would be fraught with delays, bureaucracy and hidden costs, a sale to MPG is fast and simple. In fact, it is our commitment to facilitating quick home sales – with no fees – that has earned us the reputation of being the UK’s leading property buying company.