Home Information Packs - legal as of 1.6.2007 : opinions please

[ray1234]

I understand that from June 1st 2007, sellers will be obliged to provide prospective buyers with Home Information packs, showing various documents, including (voluntarily) conditions of house report (provided by licensed impartial inspectors). Does anyone think, ie, I guess anyone looking to buy house this year, its worth waiting until June before proceeding further, to have sight of the HIP , info that a buyer would otherwise normally pay for? Given the current mixed opinion on the state of the housing market, does anyone think this will actually slow the market down, until June at least?

[myhorsefred]

My understanding is that, if you put your house on the market before 1 june this year, you do not have to get your HIP in place until June 08. If you put your property on the market after june 07 you have to provide a HIP (at your expense, estimate between �550 and�700) straight away.

I think there will be a rush between now and june this year with people putting their properties on the market, and I think this will speed up the market for this period of time.

I put my property on the market last week, hoping i sell before I have to spend out on a HIP in june 08.

hope that helps any?