All properties being marketed by us before 31st May 2007 do not need to have HIP. This will save you up to £2000.
For marketing purposes all you need to do, is enter your address, number of rooms and bedrooms. One minutes work to save up to £2000.It\'s quicker than a phone call to an estate agent!
The 2004 Housing Act states that when HIP\'s become compulsory, a residential property that is already on the market*¹ can be sold without a HIP.
We suggest you list at a future higher price say 20%*² above current values. This will allow to be currently marketed with the intention of selling. Since few buyers are prepared to pay today\'s over-inflated prices you are satisfying the current legislation.
When you actually need to sell you can reduce the price to get a quick sell. This could be necessary when the property bubble bursts.
Celcee gives you the ability to indicate you optimistic selling price (selling price) and lowest acceptable price. The lowest acceptable price is never shown.
Register today and start saving. Get your friends to join too. They will thank for saving them so much money.
Advice
Please be aware that the Office of the Deputy Prime Minister may try to remove the exemption.
*¹(The figure of 20% is justified by examining the recent annual rises over the last five years which the Bank of England does not consider to have been inflationary since only the Bank of England can create inflation through surplus liquidity and loose lending policies.)
*²"On the market" is defined as
"when the fact that it is or may become available for sale is, with the intention of marketing the property, first made public in England and Wales by or on behalf of the seller"
and
"residential property which has been put on the market is to be regarded as remaining on the market until it is taken off the market or sold."
Truth about HIP
Allegedly this was introduced to stop gazumping. However the truth is that it more cumbersome legislation generated by un-elected bureaucrats in Europe to create more jobs for busy bodies to interfere with our lives. The law was introduced in compliance to EC directive 2002/91 requiring every home put on the market to have an "Energy Performance Certificate", based on a formula which measures the size of a property against recent fuel bills.
It is amazing that the UK Government instead of improving poor building standards and environmental standards on the building industry, has passed legislation on the consumer of their products. There is no "green" benefit. It is another poll tax where details of your property will be passed to local government for tax assessments.
As a buyer, you will still need to have a valuation done by the bank and a survey, as the HIP inspectors are not qualified surveyors.