HIP Providers shocking survey results! |
 |
23rd October 2009
HIP provider told how Packs have damaged market
Most property professionals, including solicitors and agents, agree that HIPs have damaged the housing market.
The not-so-surprising finding emerges in a new survey. But, more surprisingly, the survey has been conducted by a HIP provider.
Rob Hailstone – who founded Hipag – but is now launching the Bold Group, asked estate agents, solicitors and others to take part in a survey.
So far, 2000 have done so: a mixture of solicitors / conveyancers (42.5%), estate agents (23.6%), property professionals and others (33.9%) have taken done so to date.
But what do estate agents think?
These are not the full results, but the results as of yesterday reveal:
80% of estate agents believe that all pack providers should be regulated, compared to 91.7% of all who responded
77.5% of estate agents believe that adding extra documents to a pack such as planning permissions, guarantees and building regulation approvals would help speed up sales compared to 86.2% of all who responded
77.5% of estate agents believe that a less expensive, more comprehensive pack allowing first day marketing should be developed, compared to 80.7% of all who responded
75% of estate agents believe that the lifespan of searches should be extended to 12 months, compared to 69.7% of all who responded
72.5% of estate agents believe that HIPs have had a detrimental effect on the property market, compared to 60% of all who responded
60% of estate agents believe that a solicitor / conveyancer should be instructed by the seller when a property is first marketed, compared to 81.3% of all who responded
Hailstone said yesterday: “I have not asked the question, should HIPs be scrapped, because that seems to be the easy way out.
“What I am trying to do is find out from those who do the real work on a daily basis, what they think is needed to help improve the home buying and selling process for both them and the consumer.”
Full results of the survey, which will finish next week, will be published at www.theboldgroup.co.uk.
