Independent Estate Agents could be â€˜left behind in the HIPs goldrushâ€™ says Hipag chief executive
London, 5.6.06: Britainâ€™s Estate Agents should prepare now for the introduction of Home Information Packs â€“ not wait until 2007 – or they risk being left behind in the HIPs goldrush. This is what Rob Hailstone, chief executive of Hipag Services, told visitors to the National Association of Estate Agents national congress held at the London Hilton on 5 May 2006.
â€˜Local independent estate agents are running the risk of losing their independence when HIPs are introduced,â€™ says Hailstone, â€˜as new major corporate players enter the market in the wake of HIPs. The announcement by supermarket chain ASDA that they are to enter the home sales market and will give HIPs away free is a perfect example of what is likely to happen. In my view, local estate agents need to act now to protect their independence â€“ not wait until next year.â€™
Hailstone and fellow Hipag director Hugh Dunsmore-Hardy, a previous NAEA president, were at the NAEA Congress where Hipag Services unveiled its Home Information Pack and told visitors how they can prepare in advance for June 2007.
â€˜Not all HIPs are the sameâ€™, says Hailstone. â€˜Our approach as a membership organisation means that the local independent estate agent and the high street solicitor working with Hipag will be able to produce a HIP for the seller and the estate agent in the quickest possible time. The big corporate approach means HIP preparation will often be taken out of local hands and done remotely in â€˜call-centreâ€™ style HIP factories.â€™
As well as being produced with the help of Hipag members, our HIP will also be different in that it will contain a short summary of the legal contents written in laymanâ€™s language. Our HIP will be branded with the estate agentâ€™s own logo.
â€˜One positive and pain-free step that estate agents can take now to protect their independence is to join Hipag Services,â€™ says Hailstone. â€˜Estate agents can become associate members free of charge and will receive regular email updates and other benefits. In fact, we will be unveiling a new package of member benefits later this monthâ€™.
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About Hipag Services Ltd.
Hipag Services Ltd (www.hipag.co.uk) has been formed to assist independent estate agents and high street solicitor practices in England and Wales produce HIPs quickly and efficiently. Hipag currently has some 1,000 registered members, from Cornwall to Cumbria, who it will work in partnership with to produce HIPs rapidly, enabling property sales to proceed without delay.
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