I read today that with the election pending we will soon no longer need HIP’s.  First of all that may be true if you are thinking of selling your home in 2012, but in 2010 with the world economic problems, two wars and cutting the cost of government are HIPs ever going to be a priority.

In any case what is wrong with HIPs?  The high cost argument is only because Agents have chosen to mark up the cost outrageously.  We only charge £199+VAT for a high quality HIP that the buyers solicitor can actually use.  I know of one person who was charged £900 ostensibly for the HIP, when she cancelled her agency contract.

We chose not to mark up the HIP price at all.  We provide all the questions and answers right at the start not just the required Property Information Questionnaire.  The reason for doing this is to maximise the information available to buyers before they commit to a purchase.  We do this to minimise risk.  Its ‘risk’ that reduces offer values and slows down the sales process.

January 8th 2010 sees our new advert  in the Homes section of the Bristol Evening post.  The ad is aimed principally at sellers and offers a half price discount on our already outrageously low fee rates.  The first ten people to sign up to sell their home with Get Set 2 Move are charged just 1/4% fee for the silver service.  Legal and HIP fees still apply.

Having successfully sold our own home and and the home of one of our friends in Manchester we are trialling a regional launch of our service in Bristol.

Newsletter July 09

Consumer Association Research indicated that the overwhelming majority of sellers did not trust their estate agent. Around 30% of offers never make it through to a sale. Offers are made ‘subject to contract’ which means that both sides can just walk away from the deal. As a result many ‘selling chains’ collapse. We know of one buyer who was in two chains to ensure that they were in one that might hold together.

Yes! This means that one of the chains was certain to collapse. We felt like many other homeowners in 2008 that the Property market was broken. There had to be a better way and so our new business Get Set 2 Move was born. This business turns the normal home sales process on its head. With a new idea you have to test it, to prove to yourself that it works. We decided to test it on ourselves…

So we sold our own home.

This is what happened…

1. Get Set 2 Move appointed a firm of solicitors at the start to represent house sellers, produce a top quality Home Information Pack and provide contract ready documents. A different firm of solicitors was appointed at the start to represent buyers. They examine all the paperwork, raise enquiries and get answers. They produce a report on their findings for all interested potential buyers. A ‘whole market’ mortgage broker is available on site, to arrange a pre-contract survey and a mortgage offer before you bid.

2. Information is available to all interested buyers provided that they agree to pay a fixed-fee ‘buyers premium’ that covers legal and survey fees. They don’t pay for any of this unless their offer is successful. The same solicitor then completes the conveyance of the property for the buyer.

3. The property was marketed nationally on Rightmove and locally with a ‘For Sale’ board. Never underestimate Sign-power, it taps into local networks and the news spreads. People would stop outside our house and write down the 0845 number off the sign. Get set 2 move qualifies the calls so nobody needs to know your phone number. Viewing weekends are organised to bring together as many potential buyers as possible on the same day. That way sellers don’t spend hours tidying up before each viewing.

4. Key to our success was setting the right price. We don’t think you can set a guide price by just looking at what other houses in the street have sold for. We’ve broken the ‘ceiling price’ for a street many times. It’s Location, Location, but after that its Property features and Presentation. We put our house on Rightmove at the right price and within three days had a cash buyer as well as other interested parties. We haggled on price in a ‘text war’ down to the last £50, achieving very close to the guide price, but most importantly we did not exclude other interested buyers.

5. Many estate agents, once they have a potential buyer, won’t even discuss your property with anyone else. They try to steer new enquiries towards other houses they have on their books. Instead we believe in encouraging as many people as possible to make offers. As all the legal title advice and survey information is available to everyone at the start, buyers don’t incur costs until they exchange contracts. To make this fair to sellers as well as buyers we don’t take the house off the market until contracts are exchanged. If there is more than one bidder, then the property goes to the highest bidder in a fair and transparent web based auction at www.GetSet2move.com . The auction is then binding on both seller and buyer.

6. In the new property market, sellers should be prepared to sell with no onward chain. In other words if you get a good offer be prepared to move out and rent. That way you gain the same advantage when you buy. This process is so fast you don’t need to create linked chains of sellers and buyers. We didn’t get through all the stages in our house sale as in four weeks, from agreed offer to completion we had sold our house to someone who had already sold their house. We moved out and are now buying our next house. We got a great deal on ‘Removal & Storage’, which was actually cheaper than moving direct on the same day. That’s always a nightmare anyway and this gave us the flexibility to set the completion date for our purchase after the completion of our sale. That way we could bank the money from our sale, then use the cash to pay for our purchase.

As this process is available through the internet, the normal fee to sellers taking our Silver service is just half a percent. However if you are one of the next eight sellers to sign up, Get Set 2 Move will sell your house with no agency fee at all. The next forty to sign up will be charged a fee of just one quarter of a percent (£500 on a £200,000 home). If you like the idea of a fixed fee DIY service, Get Set 2 Move will advertise your property on Rightmove and a For Sale board for just £250 +VAT (call screening included). Just pay the difference if you want to upgrade later to the Silver service.

Get Set 2 Move’s new Estate Agency and Auctioneering service goes live this summer in England & Wales.

If you want to take advantage of the opening offers or you know someone who does then get in touch.

More information at www.getset2move.com

© Get Set 2 Move 2009

Contact:-

Ray Calverley

Managing Director Get Set 2 Move Ltd.

Tel. 01275 462601 Mob. 07840 177288

Over the next few days, our website will be changing to show our new Bronze and Silver service levels.   GetSet2Move Bronze is a low cost deal that will give you massive web coverage plus a GetSet2Move for sale sign.  It’s ideal for sellers who want to handle their own negotiation and selling but need national and local  visibility.    We screen all the calls and emails, ask the essential questions then forward the details to the seller for follow up.  

GetSet2Move Silver is our web based estate agency and auctioneering service with a fuller description than on the original front page of our site.

Finally we are planning GetSet2Move Gold which will include local support from franchised GetSet2Move representatives.   However there is no launch date for Gold at this time.

Welcome to the Get Set 2 Move blog! We’ll use it to bring you updates etc.