"How much money will we make on this house?"

lynzpower

this hips thing is a sham!

I cant believe that its still being mooted.

If you want or need to sell your house ( need more space, need the money, need to downsize etc) I cant see why an upfront fee of less than 500 quid would put people off

Jorgan_2

HIPs has stopped a lot, if not all of the speculative sellers from putting their properties up for sale. Some may see this as a good thing as you should only have serious sellers on the market.

The biggest problem I have found with HIPs is the amount of misinformation out there. Some people think it will cost £1000-1500 for a HIP & many think they are getting a full structual survey and all electrics will be checked.

Back to the OP, I'm not seeing many of the 'How much will make' brigade at present. There are a large number of people who seem disappointed that they have only made '£10k' in three years, they seem to view the property as another salary or glorified cashpoint.

merlinthehappypig

lynzpower wrote: »

this hips thing is a sham!

I cant believe that its still being mooted.

If you want or need to sell your house ( need more space, need the money, need to downsize etc) I cant see why an upfront fee of less than 500 quid would put people off

I agree with the 'want or need' bit.

It's the idiots who waste our time and theirs by putting the house up for sale when they aren't serious who need putting off.

Like carolt, nenen and others recently we have wasted time, money and emotion in pursuing houses where, when they get a serious offer, the sellers get cold feet as they have no plans.

Whether or not an upfront fee would put these people off I'm not sure.

As far as HIPs are concerned it's not relevant anyway, certainly where I live, as all the agents include the HIP costs in their fees, payable when the house is sold. It would, of course, be payable if the house is removed from the market, but that's in the 'future', like so many financial commitments people embark on, so can be ignored.

jonewer

PasturesNew wrote: »

Indeed, with the credit crunch they can't borrow as much as they could, say, a year ago.

Which is a good thing for them, of course.

Nenen

lynzpower wrote: »

this hips thing is a sham!

I cant believe that its still being mooted.

If you want or need to sell your house ( need more space, need the money, need to downsize etc) I cant see why an upfront fee of less than 500 quid would put people off

I don't think it would put serious sellers off but hopefully it will put timewasting sellers who change their minds after serious buyers have paid out for surveys and searches etc! :j