31/03/2003

Sellers pack set to make house buying easier

People selling their home will have to provide a pack of information on the property, under plans set out in a draft Housing Bill.

It is hoped that the move will iron out various difficulties in private sector housing. Under the current system, information needed by buyers and sellers is not available until after terms have been negotiated and agreed, and almost one third of transactions collapse.

The packs will make sure that key information is available at the start of the transaction process, making the process of buying and selling a home more certain, faster and consumer-friendly.

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