Pre-Contract Deposit is changing the way homes are bought and sold in England and Wales. This ground-breaking service significantly reduces the risk of a sale falling through by providing a secure facility for the buyer and seller of a property to transfer a small deposit (normally 1% of the purchase price) at an early stage of the sale process to prove their commitment to the transaction.
Our team enjoyed tackling this completely custom solution which allows estate agents to register customer sale/purchase transactions to ensure that their sale process is financially protected should the worst happen. Customers access a personal dashboard to track the progress of the transaction as each stage is completed and can also communicate to relevant parties quickly and securely. The transaction stages also trigger fully automated correspondence to keep the buyer/seller informed and should a sale fall through, an arbitration process is then managed through the PCD software too.