With the stamp duty holiday nearing an end, it has never been such an important time for every stakeholder of your business to work together. Whether it be buyers, sellers or conveyancers, the market is being pushed to its limit as more and more buyers rush to beat the deadline. According to Rightmove, approximately 700,000 homes are nearing completion significantly putting pressure on the resources of agents. From 1st July 2021, the threshold to which stamp duty begins is £250,000, from September 2021 stamp duty will be paid on any property bought over £125,000. First time buyers however will not pay any stamp duty on properties costing up to £300,000.
The good news is, should a situation arise in the future, where you’re significantly being put under severe strain to get property purchases over the line, our Openview property software can help. Openview allows every stakeholder of your business to communicate instantly to each other. Should you be dealing with a vast amount of buyers and sellers each stakeholder can instantly know the stage of the process you’re at through our Openview system, giving each and every stakeholder of your business clear transparency of the sales progress. This transparency also applies to the lettings sector too, so if you carry out lettings as well as sales, each and every stakeholder within your business will know exactly how each sale or let is progressing.
That’s not all, we’re aiming to speed up the conveyancing process from three months to one month. In partnership with Coadjute, we’re connecting solicitors, lenders, search companies and the Land Registry with each other through the Blockchain network, helping to speed up the conveyancing process whilst significantly improving the time of a sale. Through revolutionary technology, you’ll save 30% of revenue through lost transactions. Whilst connecting each stakeholder is one thing, each party will be able to send property data, messages, documents, digital identities, digital signatures and digital cash across a highly secure Blockchain network.
Aside from connecting with every stakeholder, Openview Automation can assist you by automating your buying and selling process. We can tailor our automation to suit your process saving you time and money. By automating transactions, sales progression and tenant maintenance reporting, you’ll have more time to focus on speaking to prospects, network with landlords or carry out viewings should demand continue.
To conclude, now is the time that every stakeholder in your business needs to be working together. This is entirely possible through our Openview property software whilst also allowing you to automate key processes, saving you time and money in the end. Manage, Engage and Automate your business. Book your demo below…