HIPS - going going gone
Today HIP’s have been suspended which means that people who wish to sell their property no longer need to provide these. This comes as a great relief to many agents, our Managing Director, David Pollock has given us his opinion on this change
“Like most agents, we are delighted to see HIP’s get abolished. In our opinion, they have been an absolute disaster on two fronts. Firstly, they took away any spontaneity in the market, if someone was thinking about selling and just wanted to test out the reaction that putting their property on the market would get, to see if there are buyers out there for it, etc, it would cost them £300 to get the HIP done first.
Secondly, no one ever truly bought into using them, ranging from solicitors to buyers to sellers to agents. There will be no tears shed here about their demise”
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