Mar 05

First day marketing

Posted: under Home Information Packs, Property Market.
Tags: March 5th, 2009

Many estate agents are concerned about the effects of the removal of the first day marketing concession which allowed a home to be marketed as soon as a Hip was ordered and formal arrangements for payment had been confirmed. This was widely abused and many estate agents did not order a Hip until an offer had been made and the buyers solicitor asked for a copy. This is largely why this concession was removed. The fear now is that it may take so long to obtain the required documents that days if not weeks will pass before the property can be marketed. We put these points to Nick Small of Pali.LtdĀ  His reply;

Fear not. The documents which need to be in place can all be provided by Pali before the estate agent can create the sales particulars. These are, The Index of the contents of the Hip. This will cause problems for some Hip providers as it has to be updated as the items are received. On the HipView site this will happen automatically as the documents are uploaded. The Sale Statement, completed on HipView at the time of placing the order. Title Deeds and Plan. Provided by Pali within minutes. EPC. Dependent on access by the vendor but could be same day. PIQ completed by vendor on line at HipView or taken to the client by the DEA. Confirmation of arrangements for payment. Pali will take payment on behalf of the agent by cheque, cash or card online, by phone, at their various offices or at the vendors property by arrangement. Deferred payment is available. So in summary all the agent has to do is say to the client, “we will be delighted to market your Home but first you need a hip. Phone Pali on 0151 691 1170, discuss when you can give access to the property and how you want to pay and we will start on the sales pariculars right now.” That’s it, no delay.

Nick Small.

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