Home Information Packs are to be become extinct! Have you welcomed the news or have you learnt to like HIPs and think they should stay in the same or diferent format?

Personally I welcome the news. Last year I sold a property, I got a HIPS report and I felt they undervalued the property. I was told by the estate agent that it was a difficult market and although they agreed they thought the report had undervalued the price, they though I should go with what they said. The alternative was to pay for another HIPS report, which may turn out the same.

I took the advice of the estate agent and put the property up for sale at the HIPS report price. The property was sold in 4 days, which just confirmed my suspicion that it was undervalued. I was mad!!

Good riddance to HIPS - let the market decide the price.