A dating app for carriers and agents? – Eye of the real estate industry

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Rob hailstone

In my opinion, the problem with the transfer of ownership is usually not with the carriers themselves, but the fact that there are so many moving parts in the process of buying and selling a home. Many are completely beyond the control of the conveyor; including research, surveys, mortgage offers and customer whims.

In 1978, at the age of 20 with a few years of experience behind me, my boss at the time said: “It will take you 12 years to fully understand land law and property transfer”. How wrong he was, 43 years later and still trying to fully understand him, I encounter new issues and challenges every day. I really feel for the 21st conveyor of the century. Not only do they need to understand land law and property transfer, but they now have more hurdles (bureaucracy and paperwork) to overcome than a circus acrobat Billy Smarts. In addition, they are the first to be prosecuted in the event of a problem. With professional liability insurance premiums on the rise and low fees and high volumes to manage, it’s no wonder many are cautious. Abroad inexperienced, often too cautious.

I run an online forum, where 500 carriers ask and answer questions to each other. Some of the (shortened) questions posted recently were:

  • Planning conditions (new construction), what is the consensus on planning conditions during discharge?
  • Company non-compliant AML research. The research came back as non-compliant?
  • Prevent an adverse possession claim. A section of the freehold communal land was severed by one of the tenants and she claims she has good reason to claim unfavorable possession.
  • “Wiped out” lease violations. It seems to me that I recall that violations of the terms of an existing lease (eg, Amendments without consent) are “erased” when a lease extension is entered into. Is this really the case and if so where can I find the authority?
  • Is a Thames Water Build Over agreement required? I thought there was something now that if you had the final building control certificate you also didn’t need a building agreement after a certain date – or did I dream that?

Fortunately, all of the above were answered very quickly via the forum.

And don’t get me started on the nightmare that is Help to Buy, which is one of the most ironically incorrect names you’ll ever come across.

The Bar introduced the transfer quality system some time ago, and although a step in the right direction is not really monitored and therefore rarely applied, hence continuous discussions on contractual clauses, further investigations and other routine procedural matters.

Technology helps a bit; the initial information helps, a little; higher fees and a bit of experience. What would make a real difference, however, is, in some quarters, a recognition of the complexity of the work itself. Carriers, like agents, want a fast, easy transaction and a fast, profitable payday.

This busy market is likely to continue for some time to come, and many lenders and local authorities need to improve their game as soon as possible. Agents and transports need to work together and try to understand the challenges that these two jobs involve. The idiom, walking a mile in my shoe comes to mind.

Could part of the problem be that very few people meet more? Back then (last century now), I would regularly meet my real estate agent contacts, chat with them and answer questions about the transfer of ownership. I would also meet with the courier on the other side of a transaction, sometimes for an exchange, and always for finalization. Relations were different then, much more friendly and personal. It’s so easy now to criticize (and maybe dislike) someone you only know via the internet, even if they only work on the road or around the corner. You don’t get a real impression of someone, their integrity, ability, and personality by receiving and sending scathing emails.

My suggestion is, as soon as possible, to meet and talk to each other. Not only one-on-one, but hold regular meetings of all local vehicle sellers and real estate agents, so that you can discuss the market and the issues that are causing problems for both parties, and try to find ways to deal with them. solve or improve them.

Maybe we need an app, what about Kindling ?!



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