Jan 13
No Sale No Fee Home Information Packs (HIPs)
Posted: under Home Information Packs.
Tags: Hip, Hips, No Sale No FeeJanuary 13th, 2010
No Sale No Fee HIPs – Free HIP if your Home Does Not Sell Within 9 Months
No Sale No Fee Home Information Packs are now available from Pali via Hipview.
Pali have been offering a deferred payment option now on Home Information Packs ordered through Hipview for over 12 months. You can now add an insurance policy to the deferred payment solution meaning that should the property remain on the market in excess of 9 months the HIP won’t cost a penny.
If you or your client choose the No Sale No Fee option when ordering the Home Information Pack the only initial cost will be £30. If the property sells within 9 months the HIP is payable on completion, but if it remains on the market for longer than nine months then any direct costs incurred for the HIP can be claimed back and what’s more, the HIP should still be valid.
For more information please telephone 0151 691 1170 or email nick@paliltd.com
Terms and Conditions:
There are some key conditions to the policy which should noted:
• The HIP Provider/ Estate Agent must note any recommendation to alter the sale price of the property made by the Estate Agent and Seller
• The Seller must comply with any advice given by the Estate Agent to reduce the price of the property and may not reject two or more offers within 90% of the asking price
• The HIP Provider/Estate Agent must note the rejection of any offer made on the property
• The property must be continually marketed during the period of insurance
• The property must be kept in a good state of repair
• The Property is a single private residential house or flat which is build complete at the order date.
• The Home Information Pack for which this cover is required has been produced in accordance with the relevant Home Information Pack Regulations.
• The Seller is not aware of any matter which could lead to a claim under the Policy.
For more information please contact your local Pali office or email: nick@paliltd.com or telephone 0151 691 1170 or visit our webpage.