« Back to all posts

New ‘double quick’ transaction system put together by conveyancers and agents in same city

A group of property professionals, among them a number of estate agents, has devised a new system designed to speed up property transactions that has led to the completed sale and purchase of a house in just four weeks.

The Plymouth Area Property Professionals Association (PAPPA) adopted a standardised property information questionnaire and sales protocol at the beginning of February.

It was this questionnaire that helped lop several weeks off the sale and purchase of a property in Peverell, Plymouth, which took four weeks instead of the more usual eight to 12 weeks.

The change comes after law panel members of the association – who are all using the document as part of the house purchase and sale contract – say that currently 50% of property transactions are held up by important questions either not being raised or directed to the wrong person.

As part of the new initiative, there is a simple-to-follow conveyancing timeline to help buyers and sellers understand what happens at every stage of the sale or purchase, the length of time it could take and who does what and when in the process.

PAPPA chairman Ben Dreher, director at estate agent Mansbridge Balment Plymouth, which was involved in the house sale, said: “The rationale behind adopting this new property information questionnaire was to speed up and simplify the property transaction process for everybody involved – and we have done just that.

He added: “We now have a clearer system in place, which cuts out unnecessary questions and streamlines the process.

“I am pleased that we have been able to contribute to such a swift and successful outcome.

“This particular sale is a classic example of property professionals working in tandem and establishing clear and simple lines of communication to combat any unnecessary delays.

“It went like clockwork and I am grateful to everyone in the process who helped to make it happen that way.”

Both Thompson and Jackson and GA Solicitors are part of the law panel associates of PAPPA that have played an instrumental role in drawing up the new questionnaire and protocol, led by Julie Milton of Brights Solicitors LLP.

Alongside Mansbridge Balment Plymouth, solicitor Neil Keatt of Thompson and Jackson represented the buyers, while Tracey Flack of GA Solicitors worked on behalf of the vendors.

Other Plymouth solicitors to adopt the questionnaire are fellow PAPPA law panel associates Wolferstans, Nash and Co, Curtis and Woollcombe Young.

Other agents, surveyors and property management firms that are members of PAPPA include: Plymouth Block Management, Maitlands, Stratton Creber Commercial, Smeaton Homes, Moving On estate agents, Plymouth Homes, Lang Town & Country, Monk & Partners, Barron Surveying Services, City Sales, Millington Tunnicliff, Alan Cummings & Co and Shobrook & Co.

[ comments ]

Source:: New ‘double quick’ transaction system put together by conveyancers and agents in same city