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New progression platform ‘slicing two weeks off transaction times’, claim

fIXFLO news story

Early trials by estate agents of a new sales progression platform are said to show that its use is speeding up transactions by over two weeks.

The claim is made by View My Chain, which launched last October, inviting 100 agents to take part in free trials.

The platform, which is currently tracking 10,000 property sales, used Land Registry data to identify properties managed through its tool from October and December and which completed in December.

The average time to completion was 79 days when View My Chain was used, and 94 days when it was not used.

Where the agent branch was part of a larger group, the performance of the branch trialling the product was compared with the group’s other branches in the same region.

For a large 100-plus branch group, sales completed 16 days faster; for a 50-plus branch group, 12 sales days faster; and for a group with ten-plus branches, sales completed 17 days faster.

The platform allows agents, buyers and sellers to view automated key milestones in the transaction, such as searches being ordered and mortgages applied for.

CEO Sohail Rashid said: “View My Chain is the only available tool for agents looking to deliver faster completions, less fall-throughs and improved customer service in 2017.

“The key reason for these fantastic early results is simply down to the impact that milestone notifications and lag alerts have on sales progression.

“This empowers good agents to be more proactive and drive the sales process forward with more efficiency.”

There’s the offer of a free trial here

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Source:: New progression platform ‘slicing two weeks off transaction times’, claim