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Already on market HIPS question.

eco123
eco123 Posts: 152 Forumite
in House buying, renting & selling
If someone is already on the market (& has been for 7 months) when is a HIP required?

Comments

  • Doozergirl
    Doozergirl Posts: 33,805 Forumite
    Name Dropper Photogenic First Anniversary First Post
    There is no date set for that. At the moment, you can continue to market without a HIP indefinately.
    Everything that is supposed to be in heaven is already here on earth.
  • country_sport
    country_sport Posts: 123 Forumite
    As above. The "Drop dead date" as its called as not been set yet.
  • TighterThanTwoCoatsOfPain
    TighterThanTwoCoatsOfPain Posts: 860 Forumite
    I believe the above is only true IF you dont change EA.. Change Agent and have to 're-market' then HIP required. Have heard that from several EA sources but no idea if thats fact or not...
  • country_sport
    country_sport Posts: 123 Forumite
    If you change agents without a break in marketing, you wont need a HIP
  • Jorgan_2
    Jorgan_2 Posts: 2,270 Forumite
    country_sport wrote: »
    If you change agents without a break in marketing, you wont need a HIP

    Country Sport is correct. The only exception where you can have a break in marketing and not require a HIP is when a property is taken off the market when a sale is agreed. If the sale then fall through, the property has to be re-marketed within 28 days or a HIP is required.
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