Q: My contract will terminate at the end of the year and Im not sure I would afford my mortgage so iam considering the sale of the house, but not earlier than October or I will make hefty fees chaged by my lender. I thought if I advertise my house on a site ofthe selling (for low cost or even free) before June (HIP to avoid) and then when I ready to sell, I can advertise with SE. My question is what do you guys expert of this plan? Do I pay for HIP when I go to EA later? any advice is highly appreciated.
A:I have done research on this and the fine for selling a home without a hip is ￡200.
You do the math. I will have 3 houses for sale by the end of the year, and guess which route I'll be taking.
Which probably means your prospective buyers will adjust (lower) their offers to compensate. Also no HIP could give the impression that you've something to hide and there's problems with the property.
A:is it £1000 on a leasehold property?
A:If you put your home on the market before the deadline then it has to complete before 31st December to be exempt from the hip.
I have done research on this and the fine for selling a home without a hip is £200.
You do the math. I will have 3 houses for sale by the end of the year, and guess which route I'll be taking.
A:If I were you I would look at the local market, see what the going rate for your house is. Lets say its worth ￡100k, place it on an Agent's books for ￡125-130K. It probably won't sell for that price, them come October or whenever reduce the price.
In my experience EA's will market any house at the price you dictate. They only advise on what they think a possible purchaser will pay.
But you are the vendor and the one in control, who nows you might be lucky and get someone who is willing to pay the inflated price, or some of it.
As for HIPS, if they cost ￡500 that's ￡500 added to the price you would have sold for prior to them becoming law, so the purchaser pays for it.
Be quick though your property has to be on the market by 31/5/2007.
A:I'd put an ad on Gumtree or Craigslist or something (perhaps with a typo in the phone number or a completely unrealistic price on it so you don't get plagued by phone call) so that you can show the authorities that you marketed it before the deadline.
The chances of HIPs actually being enforced I think are quite low BTW.
A:I would imagine the problem might be that when you become serious about selling in October, you'll then be competing with properties that will have HIP's and trying to attract buyers who may well have already forked out for a HIP on their current place. Our house is already on the market so in theory we won't need a HIP come June but in practice will that put buyers off? Also the fact that you don't have one gives a good indicator (and more so as time goes on) as to how long your property has been on the market.
Don't have any experience of selling online but someone in another thread was recommending housenetwork, I've looked on thier site this morning and they look OK, they put properties on rightmove which is a bonus in my view.
A:It's not just the cost, it's having a barely qualified chap wander round your house counting your light bulbs. Are there enough of these people? How long will you have to wait to get an appointment with one?
I was going to do this too, we want to sell but the house is a little (ahem) 'untidy' at the moment. Does anyone have any experience of selling online?
A:may be not..but if iam selling by the end of the year anyway, ￡300 in my pocket is better than handing it to the government
A:For the sake of ￡300 is it really worth it?
:confused:
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