Hips `distorting the housing market` says National Homebuyers
Released on = May 17, 2007, 3:49 am
Press Release Author = Charlotte Burrows
Industry = Real Estate
Press Release Summary = The proximity of the introduction of home information packs (Hips) has resulted in the disruption of the housing market, it has been found.
Press Release Body = According to the Royal Institution of Chartered Surveyors (Rics), the number of instructions to sell properties rose for the second month in succession, following directly on from the longest decline in seven years.
Ian Perry, a spokesperson for Rics, believes this increase is a direct response to Hips\' impending roll-out on June 1st.
Homeowners have been rushing to sell their homes before June 1st in order to avoid having to pay the estimated £300-£500 fee for a Hip.
\"The fear of paying the upfront buying costs of Hips has pushed more property onto the market,\" Mr Perry confirmed.
\"This will continue throughout May but conditions should tighten if Hips goes ahead on June 1st as sellers withdraw from the market.\"
Homeowners could avoid the otherwise mandatory Hip if they sell their home to National Homebuyers. National Homebuyers is a quick sale property company that purchases properties in any condition and any UK location without the need for a Hip. Director Julian King says: \"Home selling in the UK is draconian. To add another hurdle in the process is ridiculous. Because we purchase properties quickly and for cash, the law does not require vendors to shell out for a Hip if they sell to National Homebuyers.
\"Although the pack\'s introduction is distorting the property market right now with the pre-Hip rush, it is the long-term effects of its introduction that concerns us. We believe that tens of thousands of people will be looking at National Homebuyers as a genuine alternative to selling their property on the open market.\"
National Homebuyers provides quick property sale solutions regardless of the need or reason for selling and can be contacted on 0870 979 8118 or by clicking www.nationalhomebuyers.co.uk/index.asp.
Web Site = http://www.nationalhomebuyers.co.uk
Contact Details = Sterling House 20 Victoria Way Burgess Hill West Sussex RH15 9NF 08709798118 Fax: 01444 257333 info@nationalhomebuyers.co.uk