Home Information Packs
The Home Information Pack contains important information that buyers and sellers need to know. Properties marketed for sale from 14 December 2007 in England and Wales need a Home Information Pack.
Benefits of a Home Information Pack
HIPs can help all parties to commit more quickly and reduce the risk of sales falling through. The packs aim to increase confidence in the sale process from the start by providing key information up front.
Sellers
For sellers, providing a Pack up front should reduce the likelihood of any nasty surprises in the selling process that could delay the sale, as buyers will be able to make more informed decisions about purchasing their home.
Buyers
For buyers, the Pack provides essential information about properties they are considering buying - free of charge - and reduces the chance of unwelcome surprises later on in the process.