Geoffrey Matthew Estates are delighted to see a positive turn in the property market this year, writing some of the companies best figures into this second quarter. I hope I speak on behalf of all local estate agents that there is a real buzz and upturn in the amount of properties coming to the market and selling with confidence. Property prices have begun to make a small increase and this has encouraged potential vendors to take that guided step to put their property up for sale, this in turn has increased the amount of potential buyers registering their details and actively viewing. To aid this buoyant market place and to inform those who are unaware, the government has suspended the use of Home Information Packs with effect from 21 May 2010. Homes marketed for sale on or after 21 May 2010 no longer need a Home Information Pack (HIP).
Suspending HIPs will reduce the cost of selling a home, remove a layer of regulation from the process and provide a welcome help to the housing market during the recovery. The Energy Performance Certificate (a smaller and less expensive element of the HIPs) will be retained. This ranks the energy efficiency of a home with A to G ratings. Sellers will have to produce an EPC within 28 days of putting a home on the market.
I certainly hope this very busy spell continues for the remainder of the year and beyond. I shall keep my fingers crossed! As I also will be from this coming Saturday June 12th 2010, where I would like to take this opportunity to wish England the very best of luck in the World Cup! Do us proud!
Ashley Bridge, Sales Negotiator and Lister, Geoffrey Matthew Estates, Great Ashby