HIP meaning in Real Estate ?

Answer:

What is Home Information Pack mean?

Under Part 5 of the Housing Act 2004 a Home Information Pack (HIP, on lowercase letters: hip), sometimes called a Seller's Pack, was to be provided before a property in England and Wales could be put on the open market for sale with vacant possession. There is separate legislation for Scotland that requires anyone selling a property to provide a Home Report. The pack was a set of documents about the property: an Energy Performance Certificate, local authority searches, title documents, guarantees, etc. The introduction of HIPs was subject to delays and reduced requirements, but they became mandatory for homes with four or more bedrooms on 1 August 2007 and were extended to three-bedroomed properties from 10 September 2007.

The Government had suggested that Home Information Packs would lead to a reduction in the number of abortive sales as their justification for introducing the scheme, reducing gazumping and gazundering. They were introduced despite very strong opposition from some factions in the building industry (although very many were in favour of them) and estate agents, as well as some chartered surveyors. There were claims that the packs contributed to the 2007-09 housing crisis by deterring vendors from marketing their houses due to the extra costs involved in the survey.

Requirement for the Home Information Pack for property sales was suspended with effect from 21 May 2010 by the incoming government. An exception is that the Energy Performance Certificate is still required. The Localism Act 2011 formally repealed the Home Information Pack legislation on 15 January 2012.

reference

Full Form	Category
Highly Improvised Performance	Academic & Science
Headship Induction Programme	Academic & Science
Humanities Interdisciplinary Program	Academic & Science
Headingly	Airport Code
Haight Independent Proprietors	Business
Honesty Integrity And Professionalism	Business
Hawaiian Island Products	Business
Hyperion Flagship Investments Ltd	Business
Harlem Irving Plaza	Business
Honors Investment Portfolio	Business
Holroyd Investment Properties	Business
Higher Income People	Community
High In Public	Community
Here In Person	Community
Home Improvement Program	Community
Housing Investment Programme	Community
High Impact Praise	Community
Highly Individual Properties	Community
Historical Inquiry Process	Community
Housing Initiative Partners	Community
Hot In Place	Community
Health In Perspective	Community
Historic Inman Park	Community
Highly Individual Places	Community
Health Information Privacy	Computing
Host Based Intruder Prevention	Computing
Host Identity Protocol	Computing
Heterogeneous Compute Interface for Portability	Computing
Highly Individualized Places	Computing
Human Information Production	Computing
Host Interface Program	Computing
Host Intrusion Prevention	Computing
Host-based Intrusion Prevention	Computing
Hacking In Progress	Computing
Hard Interlacing Picture	Computing
HIPPO TOKEN	Cryptocurrency
Hard Interlace Picture	Electronics
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Honda Insurance Plus	General
Highway Infrastructure Program	General
Healthy Incentives Pilot	General
Harvest Information Program	General
Healthy Indiana Plan	General
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Horizon Information Portal	General
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Human Investigations Program	General
Holland Indoor Plants	General
Healthy Incentives Program	General
Homeless Incentive Program	General
Hawaii Information Portal	General
Howitzer Improvement Program	General
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Huskie Installment Plan	General
Historic and Interesting Places	General
Hispanics In Philanthropy	General
Head Impact Protection	General
Honda Information Panel	General
Harman Ignite Platform	General
Healthfully Involved Peers	Governmental
Honor In Politics	Governmental
Human And Intellectual Property	Governmental
Handling Improvement Project	Governmental
Honor Intellectual Property	Governmental
Hunter In Possession	Governmental
HALDIPADA	Indian Railway Station
Health Insurance Program	Insurance
Historically Informed Performance	Jobs
Hospitality Information Professional	Jobs
Health Improvement Program	Medical
Hsc Interacting Protein	Medical
Health Improvement Project	Medical
Health Information Project	Medical
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Health Insurance Plan	Medical
Hedgehog-Interacting Protein	Medical
hippocampal	Medical
hippurate	Medical
HS interacting protein	Medical
Hypertension In Pregnancy	Medical
Help In Place	Medical
Help For Incontinent People	Medical
Healthcare Incentive Plan	Medical
Health Improvement Plan	Medical
Howitzer Improved Program	Military and Defence
Hot Isostatic Pressing	Military and Defence
Host Input Process	Networking
Host Interface Portal	Networking
Hssi Interface Processor	Networking
Host Information Program	Networking
Hot Isostatic Processing	Physics Related
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Hot Isostatic Press	Physics Related
Home Information Pack	Real Estate
Human Interactive Proof	Softwares
Hardware Interface Program	Space Science
Hasn't Improved Play	Sports
Holes In Phonebooks	Telecommunication