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Hips `distorting the housing market` says National Homebuyers

Released on = May 17, 2007, 3:49 am

Press Release Author = Charlotte Burrows

Industry = Real Estate

Press Release Summary = The proximity of the introduction of home information packs
(Hips) has resulted in the disruption of the housing market, it has been found.

Press Release Body = According to the Royal Institution of Chartered Surveyors
(Rics), the number of instructions to sell properties rose for the second month in
succession, following directly on from the longest decline in seven years.

Ian Perry, a spokesperson for Rics, believes this increase is a direct response to
Hips\' impending roll-out on June 1st.

Homeowners have been rushing to sell their homes before June 1st in order to avoid
having to pay the estimated £300-£500 fee for a Hip.

\"The fear of paying the upfront buying costs of Hips has pushed more property onto
the market,\" Mr Perry confirmed.

\"This will continue throughout May but conditions should tighten if Hips goes ahead
on June 1st as sellers withdraw from the market.\"

Homeowners could avoid the otherwise mandatory Hip if they sell their home to
National Homebuyers. National Homebuyers is a quick sale property company that
purchases properties in any condition and any UK location without the need for a
Hip. Director Julian King says: \"Home selling in the UK is draconian. To add another
hurdle in the process is ridiculous. Because we purchase properties quickly and for
cash, the law does not require vendors to shell out for a Hip if they sell to
National Homebuyers.

\"Although the pack\'s introduction is distorting the property market right now with
the pre-Hip rush, it is the long-term effects of its introduction that concerns us.
We believe that tens of thousands of people will be looking at National Homebuyers
as a genuine alternative to selling their property on the open market.\"

National Homebuyers provides quick property sale solutions regardless of the need or
reason for selling and can be contacted on 0870 979 8118 or by clicking
www.nationalhomebuyers.co.uk/index.asp.

Web Site = http://www.nationalhomebuyers.co.uk

Contact Details = Sterling House
20 Victoria Way
Burgess Hill
West Sussex
RH15 9NF
08709798118
Fax: 01444 257333
info@nationalhomebuyers.co.uk

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