Many of the searches involved in creating a House Information Pack (HIP) will have already been conducted, or partially conducted during the conveyancing process. The HIP must contain certain documents and it is the sellers legal privilege to provide a HIP to any interested, potential buyer. Completed by a qualified home inspector, it pays to have a HIP complete as early in the process as possible and it can also pay to include extra documentation over and above what must be included.

Getting A HIP From Your Conveyancer

Most conveyancers and conveyancing solicitors also sell Home Information Packs and some services may provide a discount for those customers that wish to purchase both at the same time. Do ensure that you are getting the best deal before you proceed with this dual service purchase and be aware that certain aspects of the HIP, especially the Energy Performance Certificate must be carried out by a qualified home inspector.

Including A Home Condition Report In Your HIP

A Home Condition Report is not a necessary inclusion in the HIP but it can be used to help buyers, sellers, and agents alike. The seller has the advantage of being able to show their property off to its best while the buyer receives in depth information regarding the state of the property. As part of a Home Condition Report, it is usual to receive a reinstatement cost that is used to generate insurance coverage levels for the property.

This entry was posted on Friday, July 11th, 2008 at 2:14 pm and is filed under Conveyancing News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.