New HIP rules are discouraging sellers, say agents

Hundreds of agents and other property professionals have already taken part in the online survey launched last week about the industry’s attitude towards HIPs.

Nick Salmon, the SPLINTA leader who is running the survey, says the results are showing strong trends, with most agents saying that HIPs are preventing sellers coming on the market.

Around 60% of agents would join a total or partial boycott of HIPs.

Results so far are:

91.1% say HIPs are not speeding up transactions; 8.9% say they do.

90.3% say HIPs do not prevent abortive sales; 4.7% say they do; 5.1% don’t know.

94.8% say they have not experienced a buyer rejecting a property because of something in the HIP; 5.2% say they have.

83.2% say HIPs are causing sellers to refrain from coming on the market; 9.8% say not; 7% don’t know.

67.3% have seen agents flouting HIP regs in their area; 32.7% have not.

77.8% are influenced to vote Conservative because of the pledge to scrap HIPs; 22.2% are not.

62.6% would join a boycott of first day marketing regs.

59.1% would join a total boycott of HIPs.

This entry was posted on Wednesday, April 15th, 2009 at 07:13 and is filed under Property news.