The housing spokesman for the Conservative Party, Grant Shapps, has said that they would scrap the Home Information Packs (HIPs) “in a matter of weeks” after coming to power. He has said that it would be his first job should the Conservative party win the next general election.
This follows claims by some estate agents that the packs are impeding the housing market recovery, as the cost of a HIPs report commits the vendor to expenditure of, typically, some £400, even if they do not sell.
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When your home refuses to attract a buyer there are usually good reasons and some of them are within your power to influence. Frustrated sellers are now beginning to question the need to engage an estate agent and save between 1% -2% of the sale price in fees.
Taking this route in turn demands a fresh look at how you are presenting your home to the potential purchaser.
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An interesting article explaining some of the ways an Independent Chartered Surveyor may be able to help you has been written by a member of the propertysurveying.co.uk team. This lists the work undertaken from building surveys to valuation work as well as the less common party wall, expert witness, retrospective valuations and other related work undertaken by multi discipline professional independent chartered surveyors. Read more here
The Liberal Democrats have decided to announce that should they be in charge of the Taxation system, they will have a “super” tax for houses valued in excess of One Million Pounds. To read more on Vince Cable’s dramatic announcement, click here: Proposed Tax on Homes £1m +
There are many interesting ideas and reasons why sellers sometimes cannot sell their property. Sopme of these are obvious and some are easy to forget. Read our latest Selling Advice Article Here.
The average price of homes for sale in England and Wales fell to £222,762 during the four weeks to August 8, about 2.2 % less than in the previous 4 weeks. The property website Rightmove says this drop in asking prices was in line with a similar fall seen in August 2008, although it was still the biggest drop recorded so far this year. Price rises had been experienced in five of the previous seven months.
It added that the market was continuing to be held back by a lack of mortgage finance. Traffic wise, Rightmove has seen its busiest month ever, despite the fact that there is usually less activity during the summer, due to potential buyers going on holiday.
However, there continues to be a shortage of available properties, with 82,700 homes put up for sale during the month, 23 % fewer than in August last year. It is also around half the level of new properties that were put on the market in August 2006 and 2007.
Leading homebuilders Barratt and Redrow have complained that restrictions on mortgage financing is preventing a recovery in the country’s property market.
Bovis Homes have reported that potential buyers are still unable to get a mortgage, although there is continued interest in their developments. Persimmon have seen an increase in reservations but also hit out at the lack of lending. ‘We are encouraged by the improvement in sales rates when compared to last year but will remain cautious until mortgage availability improves further and employment prospects stabilise,’ they said.
What can an independant Chartered Surveyor do for you? Read More…
The Royal Institution of Chartered Surveyors (RICS) is an independent, representative professional body which regulates property professionals and surveyors in the United Kingdom and other sovereign nations.
RICS provides education and training standards, protects consumers with strict codes of practice and advises governments and business.
The motto of RICS is “Est modus in rebus” (which translates into English as: “There is measure in all things”).
Entry to membership of the RICS is via four main routes: academic; graduate; technical; and senior professional. The RICS has links with a number of universities worldwide, with whom they have accredited approved courses which satisfy part of the qualification requirements to become trainee surveyors. The RICS also offers expedited routes to membership for qualified professional members of some partner associations.
Members must update their knowledge and competence during their working life through RICS’ Continuous Professional Development regulations so the advice they give will be of the highest and most professional standard.
Source: Royal Institution of Chartered Surveyors. (2009, January 28). In Wikipedia, The Free Encyclopedia. http://en.wikipedia.org/w/index.php?title=Royal_Institution_of_Chartered_Surveyors&oldid=266926845