Real Estate Investor Magazine July/ Aug 2020 July 2020 | Page 39

W
hen Quoin Online was launched, founders Wayne
van der Vent and Karen Miller’s focus was on
the transactional element of property sales and
leasing, and five years later they remain the only platform
offering a bespoke solution, through which every part of the
property transaction can be completed online – from start
to finish. Auctioneers have started adopting predominantly
“off the shelf” software for online bidding, but these offer
limited features. Quoin Online is at that the forefront of
innovation by offering the only transactional software in
commercial leasing.
Not only does Quoin Online’s platform afford clients
unprecedented convenience, but also addresses problems
around mobility, accessibility and the ability to transact
without a “middle man” and gives potential buyers and
tenants direct access to sellers and landlords.
“Every part of the
property transaction can
be completed online –
from start to finish.”
While the harshest restrictions on movement under
Level 5 of the lockdown prevented any physical property
viewings from taking place, even as restrictions are eased,
many people remain reluctant to travel unnecessarily or
meet face-to-face for property inspections. Quoin’s platform
addresses this by giving clients the option of comparing
multiple properties on their comparator site and taking a
virtual tour of them.
The sales and rental platform also empowers buyers and
tenants with access to information and documentation
by making all of this available online - and within the
transaction portal. In addition to this, clients can submit
bids or offers online and transact directly with sellers or
landlords. And rather than requiring legal assistance, clients
will be able to draw up their own offers within the portal by
populating existing templates.
Imagine concluding a deal without having to leave your
office – or your home – at any time of the day you like.
This is what it’s like to transact with Quoin Online. In the
space of a few months physical distancing and avoiding
personal interactions have become the norm. No longer
can a handshake seal the deal. And increasingly, those in the
market to purchase properties, will favour the seller who is
able to offer them a virtual tour and the ability to seamlessly
and easily complete the transaction online.
Before virtual meeting spaces and no-contact interactions
became a requirement to make the world a safer, healthier
place, Quoin Online had already recognised this as the
future of conducting efficient, convenient property
transactions. And so when the lockdown was enforced,
rather than having to roll out completely new systems,
Quoin found itself only having to make minor changes to
processes already in place.
Currently Quoin Online, which has drawn on the expertise
of leaders in the property and online transacting sectors,
offers a centralised service for marketing, credit checks,
FICA verification and an end-to-end online transactional
platform. But will there still be a need for virtual property
transacting when lockdown is lifted?
Quoin Online is confident that as businesses, particularly
those which have offices in different parts of the country,
or who are looking to expand, will see the value of their
end-to-end online offering. And even as government starts
to ease the restrictions of the lockdown which has been in
place since the end of March, it’s unlikely that life or business
interactions will go back to the way they were any time soon.
The ability to complete a property transaction from start to
finish afforded by Quoin Online’s high-end platform means
business owners looking to expand into new cities will no
longer have to spend time or money travelling around the
country to view multiple office spaces.
Quoin Online’s platform streamlines the rental lease
management process by offering, among others, lease
integration from landlord property management systems,
vacancy marketing, online submission and acceptance of
offers, and automated FICA verification, credit checks.
In addition to this, they have also developed a comparator
site, where tenants may view all vacancy listings within an
area, or price range, or size. Not only does this allow tenants
to view multiple offerings, but also supplies them with all
the information needed to make a correct and informed
decision.
Quoin Online’s sales platform puts the seller in control
of uploading all due diligence information before the
properties are made available to purchasers and brokers.
Users will be required to register on the site, with potential
buyers being able to submit online offers or bids and to
transact directly with sellers. Ultimately when you use the
Quoin Online platform, the way you transact in reality, you
transact in the virtual space.
SOURCE Quoin Online
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SA Real Estate Investor Magazine JULY/AUGUST 2020 35