Why use the PIQ?
It is vital that vendors assemble relevant information, and while this can lead to greater depth in discussions with clients at the start of the process, ensuring that a property is sale-ready, in addition to being marketing-ready, yields benefits. Propertymark members have reported that the PIQ:
- helps property agents to reduce the number of enquiries raised during the conveyancing process,
- avoids some transactions failing due to unexpected developments; and
- can shorten the time from offer to completion.
A vital tool in building consumer confidence
We strongly encourage our members to use the PIQ and work with vendors as omissions and inaccuracies often lead to delays in transactions. It will help you to disclose any issues that would affect the transactional decision of the average consumer.
The form also reveals issues such as missing certification which can delay a sale later in the process. When issues are raised as soon as an agent is instructed, and prior to marketing, it allows time for remedial action to get the property sale ready. As a result, conveyancers will raise fewer enquiries and transactions proceed quickly and smoothly.
Editing the PIQ
We recommend editing the forms digitally using Adobe Reader or Adobe Acrobat. See our guide for more information.
