An article released this week from Ed mead (FRICS) (View here) he discusses the frustrations of delays with transactions due to the speed in which documentation is available to buyers.
In a recent interview by Andrew Knight (RICS Tech Partner) with Tim Main (MRICS) and David Sandeman who have created a product which helps agents to push for sellers to upload information about the property day 1 of taking on the instruction. David Sandeman gives his comments and experience of how his service used in the auction industry ‘Auction Passport’ allows sellers and their solicitors to upload documents as soon as the auctioneer has accepted the instruction. And this is what Tim and David are trying to push into the private treaty sector, a data room or ‘Pip Vault’ that helps speed up conveyancing, reduce the fall through rate and hopefully help agents win instructions.
View Andrew Knights interview with Tim Main & David Sandeman here:
More information on how a PIP vault works see below:
Comments from Tim Main founder of ‘Property Information Products’ says ‘By getting the seller to share any information about a property at the start of a sale must be helpful to all parties. This is exactly what David Sandeman and David Leary ANAVA at Essential Information Group have helped Stephen Foden and I develop at Property Information Products.”
Essential Information Group - News and Information
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