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E-conveyancing: what does it mean for your business?
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E-conveyancing is transforming property transactions by streamlining the settlement process. Learn why it’s important for your business.
E-conveyancing is transforming property transactions by streamlining the settlement process. Learn why it’s important for your business.
INDUSTRY REFORM to digitise property transfers is well underway. Land Victoria and WA’s Landgate recently accelerated the push to 100 per cent digital property transactions. Their reforms – electronic settlement of certain standalone transactions – brings the industry one step closer towards the fully digital era. Law societies and other peak bodies are also playing a prominent role in driving the transition to e-conveyancing. While change brings challenges, digital transformation is an exciting opportunity with many advantages.
Breaking down barriers
With e-conveyancing, time constraints no longer dictate how many settlements you can schedule during any given time – transforming your work day, your practice and your profitability. It also eliminates the frustration of time spent on hold with banks – a common conveyancing pain point. As Mather Lawyers’ principal Julie Mather says: “I’m looking forward to this becoming the norm for conveyancing transactions.”
Increased transparency
Consumers have high expectations. Thanks to social media and the vast amounts of information online, people are armed with more knowledge than ever before. Consumers are discerning and aren’t afraid to question the status quo. E conveyancing and integrated client apps deliver what clients increasingly want – transparency. Simplified processes, real-time information and certainty about documents and dates also give clients greater confidence in the conveyancing process.
Getting started
If you want to increase your competitiveness and efficiency, embracing change and technology is essential. Making the switch to e-conveyancing helps forge that competitive edge. There’s never been a better time to start e-conveyancing. And while there is that initial hurdle of learning something new, the face to- face and online support available from PEXA makes the transition quite straightforward.
The transition is about you and your network of colleagues. At PEXA, we’ve been working closely with the people using the system to help them embrace the change. By listening to feedback from our fast-growing list of members, we can ensure an optimal e-conveyancing experience for everyone.
Gold Coast City Solicitors principal Sanju Modi said: “We believe in embracing technology and using the latest software to keep up with progress. We were initially a bit reluctant. It was a case of fear of the unknown. But once we went through the training with PEXA Direct Specialist, Patrick Styles, we found the platform user-friendly and simple. Just from one training session we were able to navigate the system."
PEXA’s ongoing support from the moment you sign up will help you and your business make a hassle-free transition to e-conveyancing.
“This is a new era. It really is a better system for clients and practitioners,” said Ms Mather, so adopting e-conveyancing now, rather than waiting on the sidelines, will give you sufficient time to train staff on the new processes and platform before moving into a live environment.
Ready to make the change? Contact our experienced team today to discuss how you can start enjoying the bene fits of e-conveyancing now. PEXA is here to help you in your o ffice. Call 1300 084 515 or visit pexa.com.au to find out more.
