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Estate Management

HIPs increase by 95%

16 October 2007

The property industry sat up and took notice last month as three bed homes were introduced to the HIPs legislation, affecting 60% of property on the market. Since the new legislation, movewithus has recorded 95% growth in demand for their HIPs.

movewithus Director Russell Cade said, “The past month has seen a surge in demand. Developers are beginning to realise that the vast majority of properties will be affected by the legislation and are looking to our specialist package to take care of everything.”

movewithus provide an assisted sale service, similar to part-exchange. If a customer can’t part-exchange their property, they can be referred to movewithus who will reserve their chosen plot for six weeks and provide a managed service which proactively drives the sale through to completion.

Developers can include the price of a HIP into the reservation fee with a guarantee that if the sale falls through, the HIP fee can be refunded to the customer and the reservation fee kept by the Developer. By providing an all-inclusive fee, Developers gain a stronger commitment from buyers and have the added convenience of using movewithus’ sophisticated online portal to order the HIP.

Joyce Crosby, a Part-exchange Controller from Persimmon Homes commented, “All we had to do was input the information into movewithus’ online HIPs portal and they took care of the rest. Everything was in place very quickly, the process was completely painless.”