As
of 10th September 2007 in England and Wales, the law will require sellers
of residential property (3 bedroom or above) or their estate agents,
to have commissioned a Home
Information Pack before putting their homes up for sale.
As
Estate Agents, you can only market a home if you have commissioned a valid Home
Information Pack for that property to give to potential buyers.
The
documents that have to be included in a Pack from the first day of
marketing include an index, an Energy Performance Certificate, the
Sales Statement and Evidence of Title.
For
the other compulsory documents – the local property searches and
certain documents for leasehold properties – the Government is
initially allowing flexibility.
Marketing
can begin provided the missing documents are added to the Pack as
soon as possible. There must be evidence in the Pack that these
documents have already been commissioned.
Optional
documents in the HIP include the Home Condition Report (HCR), which
the Government strongly encourages sellers to include.
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