Sell your home and be HIPs and EPC free.
Marketing your home with no bedrooms makes no difference to the selling price. If you were to market you home after August 1st like this, you would be Hips and EPC free, plus you would be up to £700 better off.
I convinced a friend of mine who wanted to sell his home, to market it this way. This 4 bedroom home sold for the asking price and not a mention of bedrooms.
Home for sale
Living room dining room, reception cloaks, fitted kitchen, all the usual things except when it came to upstairs.
This home has en-suite plus bathroom and 4 rooms.
He received 12 calls and the house was sold today for the asking price of £275000.
The fact is their is no legal definition of a bedroom, as David Marsden, the head of the property department at law firm Matthew Arnold and Baldwin pointed out.
He said: “Under planning law, it is about whether rooms are habitable, not whether they are bedrooms or not.”
Therefore call your bedrooms, rooms you are HIPs and EPC free on all homes, 1 bed, 2 bed, 3 bed and 4 bedrooms and larger properties.
This clarifies the point that how you market your home makes no difference to the selling price. So if you want to be HIPs free after 1 st August try the above, and the cost of the ad just £60..
Plus by not using Estate agent, a saving of a further [ based on 1% estate agents fees] £2750 plus vat, and a further £700 by not having a HIP.
Estate agents will not be very happy nor will the HIPs pack providers, but hell why give away any more money than you have to..
Selling your homeFiled under: energy performance certificate, hips, hips news, hips-sellers-packs, Home information packs, home-information -pack, homeowner information packs |
Home seller packs legally avoid home seller pack. 
That was cheeky of you, looks like estate agents will need to change ther ways,
your mate just saved over £3000 in estate agency fees alone. For just £60…
Proof of the pudding is in the eating, and this proves that Estate agents have been telling porkies as far as how you sell your home after august 1st.
After researching this i found that, in general Estate agents come out with such rubbish
1.You must have a hips pack (we can get you one)
2. If you sell advertise your house as 3 bedroom plus study, your home will drop in value (what rubbish)
Thanks for this much appreciated
Ps i have emailed your links to several agents…
Peter
Sounds like your friend sold it too cheap. My estate agent had more than 12 people come around on the first day and he suggested it was put on the market at 15k higher than others had suggested. it sold for 400k so even though we paid 4k(+VAT) we made a net gain of over 10k.
[…] It has been confirmed that enough domestic energy assessors were now in place for Hips to go live for four bedroom and larger homes. So to avoid having to pay up to £700 sell your home like this. […]
As an estate agent what Peter says is correct.
We are told to advise anyone who comes in with a query about Hips, that A, they must have one and B that to sell as 3 bed to avoid hips is illegal and will reduce property prices
I other words we use scare tactics, as HIPs is a revenue stream for us.
I am not proud of this but at least i can voice my concerns on sites like this
Kelly
Kelly
You should learn to keep your mouth shut.
What the hell are you doing blabbing to a web site like this..
I strongly suspect that rather than “blabbing”, Kelly’s employers are aware of the new estate agent redress scheme, and would prefer not to be prosecuted. HIPs might be a revenue stream for them, but the margins will be very low indeed: pretty pathetic when compared to overall commission levels.
[…] After the 1 st of August 2007, If you want to sell your home and avoid paying for the HIPs pack approx £700 you should market quite legally as 3 bedroom plus study or large family home or apartment. see this post home sold with no bedrooms. […]
Hi Matt
Are you mad….
You spend £4000 plus vat to make £10000, when for £60 you could have made £14000
I think estate agents are in for a shock more homeowners should sell their homes in the local paper..
After all most of the estate agents enquires come from press ads…
Roger
You’ve still not answered where you get your costs from. Title at 12 quid, EPC at about a hundred, searches at say 150, plus a pack prep fee. 350 at most, which is half your claimed figure.
Here you go Fran,
Quote from the partnership ltd
An authorised local authority search can cost £300 alone, let alone the drainage search, which is about £45. You’ll then need to spend at least £7 on the title docs from Land Registry. And you’ll not get an EPC for much less than £125.
HIP providers need software, which is generally charged out at about £40 and £100 per transaction, and you’ll start to see that the margins are getting slim.
The partnership ltd currently charge £595 plus vat for an authorised HIP, We have also had hips quotes from £600 to £850 plus vat
[…] Want to be HIPs free? See this post on Sell your home HIPs free […]
[…] lets take advantage of the flaw in the HIPs legislation, to sell our homes HIPs free. See home sold with no bedrooms Remember the adage if it “ain’t broke don’t fix it” well the home selling […]
is this all still viable today? I’m about to put the house on the market and would rather the money went i my pocket.
Hi Marky
Yes you can sell you home hips free and put the money in your pocket…
Chris