Private Treaty Market gets Auction style data rooms – PIP Vault, at last somewhere to store all those documents.

Two local Shropshire business men have combined to create a new business launching their first product this week.  Tim Main MRICS, formally with Savills and Balfours in Shropshire, is working with Telford solicitor, Steve Foden of Foden solicitors and 2 other directors with IT and property auction knowledge.  The company they have started is called PIP Ltd. 

The first product launching this week is the PIP Vault.  For the first time, the simple dataroom storage tech that makes Auctions work so efficiently is available, free till 31/3/21, to Estate Agents and the Private Treaty market. We think this takes away 80% of the communication issues bedevilling the home buying and selling process. Everyone talks about the documents they want to see up front but no one has offered anywhere to store them - till now...

For many years Auction companies have enabled buyers and their conveyancers to see legal property packs online and exchange on the fall of the gavel. It's worked for millions of bits of data there - now it's time for the same tech to change the face of the private treaty world.

There's been endless talk about getting relevant documents ready before a sale, but no one in the Private Treaty market has ever produced somewhere to store them - until now. A PIP Vault enables sellers, their agents and conveyancers to collate and store all relevant documents in one place and make them easily visible to everyone, including prospective buyers, from day one of the marketing campaign.

Estate Agents can use this simple tool to win more business as it'll differentiate them, have less fall throughs and quicker exchanges as well as gaining detailed information and data on interested buyers looking at the documents in the PIP Vault. 

To see how it works  https://vimeo.com/453312696

“In auctions a catalogue comes out and a property sells under the hammer 20 days later, we are trying to replicate that…” - David Sandeman, Founder Director of PIP Ltd and Founder of The Essential Information Group [EIG].

“Think of it as a ‘bucket’ into which sellers, agents and their solicitors can place all their property information, allowing applicants to view these documents and make a more informed decision. Agents will also be able to see who's looking and capture data earlier in the customer journey.” - Ed Mead, founder of Viewber 

PIPvaults will be free until 01 April 2021 and thereafter will attract a minimal fee of £25 per property only invoiced on a successful exchange of contracts.

Estate agents can register to use a PIPvault today and start winning business with it immediately, visit www.piphome.co.uk.

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