Released on: September 24, 2007, 3:29 am

Press Release Author: Charlotte Burrows

Industry: Real Estate

Press Release Summary: Home sellers are reluctant to pay for Home information packs
(Hips) upfront.

Press Release Body: That is according to a new survey by Hips Payment Services,
which says that most sellers would rather use a deferred payment scheme.

It would mean that the packs are not paid for until the sale of a property has gone
through.

No HIPS required | Fast property sale

\"Traditionally, the majority of costs incurred with selling a home, such as estate
agent and solicitors fees are charged at the end of the process, typically when the
vendor\'s sale has gone through,\" said Jeff Smith from Hips Payment Services.

\"While all of the costs incurred in a Hip, aside from the new Energy Performance
Certificate (EPC), are not new, the majority of these have previously been met by
the buyer and consumers have not been asked to pay for this upfront,\" he added.

The cost of the packs has been an issue since they were launched, with sellers
concerned that they are being hit for hundreds of pounds when they may be selling
their property in order to ease financial difficulties rather than incurring more
costs.

Concerns have also been voiced that Hips have seriously dented anyone\'s chances of
making a quick property sale.

Web Site: http://www.nationalhomebuyers.co.uk

Contact Details: Sterling House
20 Victoria Way
Burgess Hill
West Sussex
RH15 9NF
0870 979 8118
Fax: 01444 257333
info@nationalhomebuyers.co.uk