Property professional group aims to speed up transaction process with new system
A new system which aims to speed up property transactions has been developed by a group of professionals from the property industry.
At the start of last month, the Plymouth Area Property Professionals Association (PAPPA) implemented a standardised property information questionnaire and sales protocol, resulting in a sale and purchase of property taking four weeks.
The adoption of the system follows an observation highlighted by legal panel members of the group. They stated that the reason for up to half of transactions being delayed is due to questions directed to the wrong person or not being raised at all.
In addition to the questionnaire, a conveyancing timeline also forms part of the scheme, aiming to help sellers and buyers gain a clearer picture of what happens at each stage of the transaction as well as the progress made.
Commenting on the system and the impact it has had so far was Ben Dreher. The PAPPA Chairman and director at estate agent Mansbridge Balment Plymouth stated: “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.”