A PIP Vault is a digital dataroom where you can collate and store relevant property documents required for a house sale. Its purpose is to speed up the sale and make it more transparent. The site is a space to share all the information with your estate agent and conveyancer as well as potential buyers. Once a sale is agreed all the information required will be in one place for the buyer and their conveyancer.
Once you accept an offer the restricted access area is used. This section can only be seen by the estate agent, buyer, buyer’s conveyancer, your conveyancer and yourself. Both conveyancers can post information to the site.
Seeing these documents and the dates when they are posted will allow you to see the timelines of the conveyance process and the progress to date.
As the sale moves forward, you, the seller and the agent can monitor progress, making the whole process transparent for everyone. You’ll also see the time from acceptance of offer to exchange of contracts is vastly reduced.
If at any stage you have questions, your estate agent is the first person to contact. Otherwise please email email@example.com.