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Timothy Main

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my expertise in the industry

Timothy's Recent Activity

PIP Vaults allow you to do this today. Buyers need to start demanding to see this information from the estate agent and seller direct.

From: Timothy Main 13 October 2022 10:36 AM

Stephen I agree in part and then not in others. i certainly agree conveyancing is getting more complicated. To make it easier, getting as much of the information required as possible, prior to the sale being agreed must make sense. Conveyancers can then focus on conveying rather than the admin of information gatherers.

From: Timothy Main 28 September 2022 09:32 AM

or they could let the estate agent, and their client know when they have done each part of the job! communication is a 2 way process.

From: Timothy Main 21 June 2022 12:23 PM

Using a PIP Vault I was able to exchange my sale in 2 weeks and a day after it was agreed. The PIP Vault is a data room available to estate agents where any information about the property can be displayed by the seller, estate agent or solicitor prior to an offer being made. The purchaser is much better informed so not only are quicker exchanges possible, fall throughs are reduced. (piphome)

From: Timothy Main 20 June 2022 13:02 PM

Sellers preparing their property information prior to the sale being agreed must be the key to reducing fall throughs. Surely it is in everyone's interest, except possibly surveyors and solicitors, if one is harsh, to reduce this wastage. It must be in the consumers interest. Why are estate agents not pushing their clients to prepare better. They can all use a PIP Vault, where this information can be collated and stored, as well as shared with the buyers. It is currently FREE.

From: Timothy Main 08 June 2022 10:20 AM

Music to our ears. Much of this can be done today in a PIP Vault or other products. All available for estate agents to try and test. The agents who want to make this happen can do so now. Clearly it is coming.

From: Timothy Main 01 June 2022 08:43 AM

Lets hope this surplus of cash buyers gets agents to focus on encouraging sellers to prepare properly for a sale so exchange of contracts can be a couple of weeks. That sort of timescale will give all parties much more confidence in the property sector.

From: Timothy Main 30 May 2022 09:04 AM

Sales slowdown? Portal data suggests transactions are taking longer Is this headline and article misleading. If we can not be clear about our terminology within the industry then how can we expect our consumers to understand. This article is about how long a property is taking to find a buyer, not how long sales transactions are taking. With the research stating " 76% of active buyers in the UK were confident that they would purchase a property within the next three months" there could be plenty of disappointed people. tjhm

From: Timothy Main 16 May 2022 10:48 AM

Bryan, totally support more transparency and information up front.

From: Timothy Main 13 May 2022 09:05 AM

Bryan I agree with you. It is a strange system today where you can get to SALE AGREE without any commitment from either the buyer or seller. One or two small hurdles, if only to prove the ability to proceed will weed out some parties and make the whole process much more efficient. This must be to the customers and the agents advantage. Tim Main

From: Timothy Main 29 April 2022 08:37 AM

Even more reason for the industry to encourage buyers to be prepared and do much of this vetting prior to offering.

From: Timothy Main 19 April 2022 08:38 AM

Music to my ears. PIP Vaults have been designed to enable sellers to prepare and buyers to be much better informed. Tim Main

From: Timothy Main 12 April 2022 08:56 AM

All just a question of personal priorities.

From: Timothy Main 17 March 2022 09:36 AM

Propertymark are right here. if agents do not respond something will be imposed on them.

From: Timothy Main 14 March 2022 09:04 AM

Peter. As an RLBA member i will give you a call to discuss. Anyone else welcome to join the conversation. Just message me. Tim Main on Linked-in.

From: Timothy Main 07 February 2022 09:28 AM

one benefit of Up Front information when shared with buyers is it reduces fall throughs as well as speeding up conveyancing.

From: Timothy Main 01 February 2022 09:10 AM

The challenge here for estate agency must be to make sure Private Treaty sales can improve their transparency, speed and certainty so that GenZ find it fit for purpose. An exchange of contracts 2 weeks from agreeing a sale is what the next generation will expect.

From: Timothy Main 25 January 2022 10:11 AM

Timothy, congratulations.

From: Timothy Main 21 January 2022 09:40 AM

Having achieved an exchange in 2 weeks and a day, having displayed all my properties information in a PIP Vault during the marketing phase of the property, i clearly believe in it. I am a strong believer that the more information a seller can gather and share with a potential buyer, the better informed the buyer will be and less likely to have surprises that give them opportunity to change their mind. Don't forget that quicker exchanges help reduce fall throughs as well.

From: Timothy Main 20 January 2022 08:54 AM

If sellers make sure the paper work(Title, searches, property information forms etc) for their property is complete prior to a sale then quick sales are so possible, using any method.

From: Timothy Main 19 January 2022 08:46 AM

Preparing and sharing your property documents and general information, during the marketing phase, must be an easier route to a more secure and quicker sale. The software today makes this so easy to achieve.

From: Timothy Main 18 January 2022 08:57 AM

A small sample but a very strong result. There is so much hard work being done in this space it is certainly feasible. Looking at the participant on the working parties, estate agents are not well represented, compared to others in the process. Agents need to be encouraged to engage with the change process to ensure it services them into the future.

From: Timothy Main 07 January 2022 09:04 AM

The main point here must be that a quicker and more efficent process is required. With technology and determination from the whole industry the process can be made quicker and more transparent. I believe the current system might not be perfect but it is what we have and we do not have the time to start making wholesale changes. The younger generation are demanding more certainty in the conveyancing process. With "Up Front Information" displayed to potential buyers before they offer and timely processes this can be achieved.

From: Timothy Main 04 January 2022 09:14 AM

Green mortgages may well be "only scratching the surface in terms of helping to make the housing market more energy efficient" at the moment, but they may be used as a tool to promote higher etc in the future. If loans/mortgages are made cheaper for more efficent houses it will slowly widen the gap between the value of houses with varrying EPC's

From: Timothy Main 16 December 2021 09:34 AM

When the whole conveyancing process is quicker and more transparent, providing the cost of moving (stamp duty) is reduced the whole process will be much more fluid.

From: Timothy Main 07 December 2021 08:08 AM

If best and finals are used on a very popular property a good result can be achieved. i would always recommend having the title, searches and property information forms completed and avaliable to potential buyers so the successful offer has 2 weeks to exchange. As we all know you only get certainty with an exchange. Free PIP Vaults can be used for this.

From: Timothy Main 08 October 2021 18:11 PM

One thing missing from the research is the non property matters that can result in fall throughs. Such as loss of job etc. These are reduced by quicker exchamges. The one thing that can be done is to gather this information at the start of the marketing period and share the information with potential buyers before they offer, so there are aware of any issues.

From: Timothy Main 19 August 2021 09:05 AM

Quicker sales and reducing fall throughs is a clear focus. At the Residential Logbook Association (RLBA) we are just looking to run some trials with agents. Please could any agents keen to help this development message me, Tim Main @pip ltd on Linked-in.

From: Timothy Main 16 August 2021 08:59 AM

Music to our ears. Buyers want to be more informed and the current system does not assist them in any way. A number of companies are looking at different information buyers could find useful. With our PIP Vaults we are providing a space where this information can be collated and stored, as well as displaying it to potential buyers before they offer. Estate agents can register and offer their sellers and buyers the benefit of the dataroom, for free.

From: Timothy Main 16 June 2021 08:19 AM

Surely qualifying the buyer is part of any estate agents job. Then it is their client, along with themselves who can decide who they will allow to view their property. Many sellers ask for just "proceedable buyers" to be shown round. This is not an entertainment industry.

From: Timothy Main 16 June 2021 08:12 AM

Doing just this, i was able to exchange the sale of my house in 2 weeks and 2 days. When we agreed the sale the buyer had not appointed a conveyancer. It can be done. I completed the property forms and even purchased the searches. Put them in a PIP Vault so potential buyers could see them before they viewed or offered. I did not get a survey done up front but this was completed in the second week. IT CAN BE DONE, I believe the drive has to come from the estate agent and seller.

From: Timothy Main 09 April 2021 08:19 AM

Surely this is a matter for the estate agents if the profession deem electric charging points to be "material facts" and surveyors when completing their survey/valuation.

From: Timothy Main 30 March 2021 08:31 AM

These figures are no major shock, it shows a quicker sales process with more information up front is being requested by the consumer. Why not display this information to potential buyers during the marketing process in a PIP Vault. We are providing a space for agents, sellers and conveyancers to store and display the information.

From: Timothy Main 11 March 2021 09:45 AM

Up front information is one way of helping speed up the process. A PIP Vault, free for agents to use, is a digital dataroom that allows the seller, agent and conveyancer to post property documents. These documents can then be shared with potential buyers before they offer. If you were buying a car you would check the paperwork before you offered, why not a house? Compliance with the display of material matters is also met!

From: Timothy Main 05 March 2021 08:24 AM

PIP Vault agrees that you need as much info up front as possible. If you have any info and need to present it to your buyers and their solicitors, via your website if necessary, you can use a PIP Vault for free [think of it as an auction dataroom]. Agents open the dataroom and the agent,seller and seller's conveyancer can post to it. Potential buyers can see the information via a property specific link.

From: Timothy Main 01 March 2021 09:08 AM

can only agree that now is a good time to review the tech avaliable. Our PIP Vaults focus on speeding the conveyancing, reducing fall throughs as well as helping win instructions rather than increasing direct revenue from the sale.

From: Timothy Main 19 November 2020 11:39 AM

Up front information, that can be shared with the potential buyers, before they bid, so they know what they are buying, must help the process for all parties. Now is the time for estate agents to win this area of business and sell it as a value added service. Tim Main

From: Timothy Main 02 November 2020 09:33 AM

Estate agents have got the opertunity to work with their clients to get all the information required ready. They can even get searches ordered if they are in a slow area. This information can now be shared with potential buyers to remove expensive supprises later in the process.

From: Timothy Main 19 October 2020 10:19 AM

Perhaps now is the right time for Estate Agents to start thinking about advising their clients to get the searches "Up Front". If not on day one of marketing then as soon as offers are anticipated. Searches last for 6 months, with many firms offering a refresh service. The cost of the searches can usually be recovered from the buyer.

From: Timothy Main 14 October 2020 08:38 AM

Tim Main Pipreport.co.uk it shows the importance of early information, as long as it is correct. tjhm

From: Timothy Main 24 February 2020 12:23 PM

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