Conveyo, the proptech company standing for instant residential property transactions, repeatedly achieved property exchanges in just four weeks, shattering previous industry timelines. The new approach by Conveyo has raised an intriguing question: is four weeks the new standard for property transactions?
Traditionally, property transactions in the UK have often been associated with lengthy processes, with an average time to exchange typically spanning several months. However, Conveyo’s innovative approach, rooted in the collection of comprehensive upfront information about properties, has disrupted this conventional wisdom. Dr Konrad Rotthege, CEO of Conveyo said:
“We work closely with the fantastic teams at HM Land Registry and Ordnance Survey to implement the government’s agenda to facilitate easy and near frictionless property transactions. Our approach prioritises transparency, efficiency, and a commitment to delivering value to both buyers and sellers.”
By ensuring that properties are legally sale-ready before they even hit the market, Conveyo has demonstrated that transactions can be expedited without compromising on due diligence or legal compliance. This achievement has ignited discussions within the property sector about whether other companies will follow suit and embrace shorter transaction times.
Conveyo’s recent success story is not an isolated incident but a testament to the transformative power of innovative approaches to property transactions. Conveyo works hand-in-hand with estate agents, solicitors, sellers and buyers to move the transaction forward.
As the industry continues to evolve, it remains to be seen whether a four-week turnaround will become the new norm, providing a streamlined and efficient experience for buyers and sellers alike.
For further insights and expert opinions on this topic, stay tuned for developments in the evolving landscape of residential property transactions
