{"id":8911,"date":"2019-12-15T11:55:06","date_gmt":"2019-12-15T19:55:06","guid":{"rendered":"https:\/\/propy.com\/browse\/blog\/?p=8911"},"modified":"2019-12-13T12:02:19","modified_gmt":"2019-12-13T20:02:19","slug":"how-propy-works-transaction-management-software","status":"publish","type":"post","link":"https:\/\/propy.com\/browse\/how-propy-works-transaction-management-software\/","title":{"rendered":"How Propy Works: Propy\u2019s Transaction Management Platform"},"content":{"rendered":"\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"nv-iframe-embed\"><iframe loading=\"lazy\" title=\"Propy Transaction Platform (Demo)\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/2qwux1r8WCI?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/div>\n<\/div><\/figure>\n\n\n\n<p>Propy\u2019s Transaction Management Platform has recently received a new facelift. We have managed to make the transaction process more simple, more user-friendly, and more seamless. In this post, you will find our video demo and a step-by-step walkthrough of our updated process.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Step 1: Send an Offer Letter Through Propy (Buyer #1 View)<\/h4>\n\n\n\n<p>After finding a property, Buyer #1 sends an offer letter through Propy. Automatically, Buyer #1 is redirected to the purchase offer form, where he or she includes a cover letter and fills in the necessary information fields.<\/p>\n\n\n\n<p>Once\nthe information is filled out and the purchase offer document is uploaded, Propy\ndirects the buyer to the next step.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Step 2: Review Offer (Buyer #1 View)<\/h4>\n\n\n\n<p>During this step, the buyer reviews the purchase offer before sending it to the seller\u2019s agent.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Step 3: Send the Purchase Offer (Buyer #1 View)<\/h4>\n\n\n\n<p>After sending the purchase offer, Buyer #1 waits for the seller\u2019s agent to respond. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Step 4: Receive the Offer from Buyer #1 (Agent View)<\/h4>\n\n\n\n<p>Here, the seller&#8217;s agent receives a notification that a potential buyer submitted an offer on the property. After reviewing the offer, the seller&#8217;s agent will have three options on how to proceed:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Accept Offer<\/li><li>Counter Offer<\/li><li>Reject Offer<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Step 5: Send Offer Response Back to the Buyer (Agent View)<\/h4>\n\n\n\n<p>If the seller&#8217;s agent rejects the first buyer&#8217;s offer, he or she can provide the reason for rejection. In the video demo, the agent is looking for a cash offer.<\/p>\n\n\n\n<p>(<em>In the video demo, the seller&#8217;s agent receives an offer from Buyer #2.)<\/em><\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Step 6: Send an Offer Letter Through Propy (Buyer #2 View)<\/h4>\n\n\n\n<p>Buyer #2 sends an offer letter through Propy. Automatically, he or she is redirected to the purchase offer form, where he or she&nbsp;provides a cover letter and fills in the necessary information fields.<\/p>\n\n\n\n<p>Once the information is filled out and the purchase offer document is uploaded, Propy directs Buyer #2 to the next step.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Step 7: Review Offer (Buyer #2 View)<\/h4>\n\n\n\n<p>During this step, Buyer #2 reviews his or her purchase offer before sending it to the seller\u2019s agent.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Step 8: Send the Purchase Offer (Buyer #2 View)<\/h4>\n\n\n\n<p>After sending the purchase offer, Buyer #2 waits for the seller\u2019s agent to respond.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Step 9: Receive the Offer from Buyer #2 (Agent View)<\/h4>\n\n\n\n<p>Here, the seller&#8217;s agent receives a notification that Buyer #2 submitted an offer on the property. After reviewing the offer, the agent will have three options on how to proceed:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Accept Offer<\/li><li>Counter Offer<\/li><li>Reject Offer<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">Step 10: Send Offer Response Back to the Buyer (Agent View)<\/h4>\n\n\n\n<p>If the seller&#8217;s agent selects &#8220;Counter Offer,&#8221; he or she can send a counter offer to Buyer #2. After sending the counter offer, the seller&#8217;s agent waits for Buyer #2 to respond. <\/p>\n\n\n\n<p>(<em>In the video demo, the seller&#8217;s agent receives an offer from Buyer #3.)<\/em><\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Step 11: Send an Offer Letter Through Propy (Buyer #3 View)<\/h4>\n\n\n\n<p>Buyer #3 sends an offer letter through Propy. Automatically, he or she is redirected to the purchase offer form, where he or she provides a cover letter and fills in the necessary information fields.<\/p>\n\n\n\n<p>Once the information is filled out and the purchase offer document is upload, Propy directs Buyer #3 to the next step.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Step 12: Review Offer (Buyer #3 View)<\/h4>\n\n\n\n<p>During this step, Buyer #3 reviews his or her purchase offer before sending it to the seller\u2019s agent. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Step 13: Send the Purchase Offer (Buyer #3 View)<\/h4>\n\n\n\n<p>After sending the purchase offer, Buyer #3 waits for the seller\u2019s agent to respond. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Step 14: Receive the Offer from Buyer #3 (Agent View)<\/h4>\n\n\n\n<p>If the offer looks good, the seller&#8217;s agent can select &#8220;Accept Offer.&#8221; <\/p>\n\n\n\n<p><em>(In the video demo, the seller&#8217;s agent accepts the offer from Buyer #3.)<\/em><\/p>\n\n\n\n<h4 class=\"wp-block-heading\">Step 15: Final Step<\/h4>\n\n\n\n<p>Buyer #3 is notified that his or her offer has been completed. The seller&#8217;s agent is able to confirm that an offer has been accepted for the listing.<\/p>\n\n\n\n<p>As evidenced in the walkthrough video, cooperation between an agent and interested buyers is easier than ever, thanks to Propy\u2019s automated <a href=\"https:\/\/propy.com\/browse\/transaction-platform\/\">Transaction Platform<\/a>. Without the need to meet to exchange documents, one can submit an offer for the property of his or her choice with minimal paperwork.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Propy\u2019s Transaction Management Platform has recently received a new facelift. We have managed to make the transaction process more simple, more user-friendly, and more seamless. In this post, you will find our video demo and a step-by-step walkthrough of our updated process. Step 1: Send an Offer Letter Through Propy (Buyer #1 View) After finding&hellip;&nbsp;<a href=\"https:\/\/propy.com\/browse\/how-propy-works-transaction-management-software\/\" class=\"\" rel=\"bookmark\">Read More &raquo;<span class=\"screen-reader-text\">How Propy Works: Propy\u2019s Transaction Management Platform<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":8923,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[5579,256,26,4106,8331,7954],"tags":[9931,9932,5904,27],"yst_prominent_words":[10045,10053,10189,10194,10182,10192,10048,10193,8576,10180,10186,10078,10044,10187,10177,10190,10181,10046,10188,10176],"class_list":["post-8911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-community","category-featured","category-news","category-resources","category-videos","tag-automation","tag-innovation","tag-new-tech","tag-real-estate"],"acf":[],"_links":{"self":[{"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/posts\/8911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/comments?post=8911"}],"version-history":[{"count":0,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/posts\/8911\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/media\/8923"}],"wp:attachment":[{"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/media?parent=8911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/categories?post=8911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/tags?post=8911"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/propy.com\/browse\/wp-json\/wp\/v2\/yst_prominent_words?post=8911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}