- Introduction
In the world of residential property transactions, efficiency and transparency have long been sought-after attributes. This case study delves into how Conveyo leveraged its unique approach to streamline a recent property transaction, showcasing the transformative impact of upfront information availability.
- The Challenge
Conveyo was tasked by the buyer and the seller with facilitating the sale of a residential property, a managed freehold that included restrictive covenants and a gift as part of the transaction. This added a layer of complexity to the process, as the goal was to expedite the sale while maintaining the highest standards of due diligence.
- The Solution
Conveyo’s approach of collecting comprehensive upfront information about the property ensured that all property information was available the moment a buyer showed interest. The restrictive covenants in the title could be explained, comforting prospective buyers and eliminating potential delays associated with data gathering during the transaction. Conveyo immediately reached out to the giftor for the execution of a gift deed, before they went on a holiday, saving valuable transaction time. Working closely with the purchaser and the giftor, Conveyo completed the AML requirements ready for the solicitor to approve.
- The Outcome
Remarkably, Conveyo achieved an exchange in just four weeks, a feat previously considered exceptional in the industry. This accomplishment demonstrated that efficiency need not come at the expense of thoroughness, even in complex transactions.
- Key Takeaways
- Comprehensive upfront information can expedite property transactions significantly.
- Conveyo’s innovative model can handle complex transactions with ease.
- A four-week turnaround is attainable while upholding the highest legal standards.
In conclusion, Conveyo’s ability to facilitate a swift and transparent property sale, even one involving a managed freehold and a gift, showcases a new era in residential property transactions. This case study highlights the transformative potential of upfront information availability, paving the way for more efficient and streamlined real estate experiences
