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'Home buying and selling could become 'easier and cheaper' in future under Government plans'
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MSE News: Home buying and selling could become 'easier and cheaper' in future under Government plans
MSE_Petar
Posts: 380 MSE Staff
Plans to make the process of buying or selling your home faster, cheaper and less stressful have been unveiled by the Government today (Monday 6 October). But it's still very early days, and the proposals are yet to be finalised.
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HIPs version 2.0 ?
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Why not? That's been normal practice in Scotland for 17-ish years and seems to work well. It is of course not purely "produced by the seller", e.g. in relation to the survey part of Home Reports, the surveyor undertakes a duty of care to the buyer and their lender.mebu60 said:
Why would you trust something produced by the seller and rely on it totally for such a significant purchase?Section62 said:HIPs version 2.0 ?0 -
Surely its the same as relying on the Property Information and Fixtures and Fittings Forms that are produced as part of the Conveyancing process now. And the information from the Searches would be provided in the same way too. Difference being you would be seeing the information at the outset rather than being drip fed down the line.mebu60 said:Why would you trust something produced by the seller and rely on it totally for such a significant purchase?0 -
mebu60 said:
That was my first thought in parallel with it is equally doomed unless 'Caveat venditor' becomes a thing. Why would you trust something produced by the seller and rely on it totally for such a significant purchase?Section62 said:HIPs version 2.0 ?
There's nothing to prevent a buyer from commissioning their own survey should they not wish to rely on the seller's one (or if they want one at a more detailed level). As user1977 says it's been working well in Scotland for some time now, I had a Home Buyers Report when I sold my last house in Scotland in 2014 before moving back to England, the only real issue was that if the property takes a long time to receive an acceptable offer the HBR will probably need to be refreshed at the seller's expense (generally every 3 months).0
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