The Advent Of Remote Settlement & Conveyancing In The Property Buying Process
The COVID-19 pandemic caused social upheaval in a way that we likely haven’t experienced since the World Wars. It’s true upheaval in that every facet of society has changed in some way - some for worse, and some for better.
The way we communicate has vaulted forward into the digital age. Our understanding of the economy, our health systems, and our very social fabric has developed and grown. Even the way we wash our hands has (hopefully) been permanently altered.
How we work has also changed. Where we work, what we do, and our priorities for work-life balance have shifted to favouring the individual and their family. Now more than ever, people are looking to enter the property market to carve out a piece of where they live so that they can make these priorities a reality. If you are interested in becoming a property expert, consider taking a real estate course online.
The one thing that we have come to value more than anything is our time. Workers are demanding more time to work from home to spend time with their loved ones. We demand less time in stuffy commercial offices and more time in our own backyards.
One industry is looking to marry our time-saving goals with our search for a place of our own. Remote conveyancing can help people save time in a process that has traditionally been one that has dragged on for months and months.
There’s even new technology that helps move matters through the settlement process. PEXA is Australia’s first and only electronic lodging network operator (ELNO). ELNOs remove the need for settlements to be conducted on paper, making e-conveyancing a reality for thousands of time-poor people.
Conveyancers can now work with clients from all over the state to help them find better solutions in the property market, no matter where they are located. It’s just one of the ways that the pandemic has improved the way we settle matters.
The way PEXA works is by settling up an electronic workspace or virtual settlement room. Here, the conveyancer can prepare documents, have them signed and witnessed by parties, and have them lodged for registration. It’s an exciting development in a process once heavy with in-person paperwork and extended wait times.
For buyers, time-saving is invaluable in the property buying phase. With a quick turnaround time for conveyancing matters, you can focus on securing finance and submitting offers. No longer will you have to wait on a mad dash down to the settlement room at 4.45 pm on a Friday afternoon.
It’s also great for sellers looking to move on to the next big thing. Remote settlement allows vendors to quickly and efficiently settle matters - an invaluable time-saving measure if your finance for your next home relies on the sale of your former one.
It is a mandatory requirement that all conveyancing transactions are transacted via the PEXA electronic workspace. Complete Conveyancing Solutions in Victoria is a firm that has used this platform since the beginning. The team at CCS have managed e-conveyancing matters all through the pandemic. Now that life is resuming, they’ve adopted a new normal to make property buying and selling more accessible.
They work with clients to help them expedite conveyancing matters, from contracts, right through to settlement. They also help clients understand their rights and responsibilities under the law, leading to better outcomes in their search for property.
Where CCS makes waves is through their experience and expertise. They’ve been in the industry for years, and have made the most of this exciting new technology for their clients. During every interaction, from your first free consultation, right through to your e-settlement, you will be impressed by their dedication.
If you’re looking for a thorough conveyancing specialist that is up to date with modern practices and still harbours a keen attention to detail, then you should look no further than Complete Conveyancing Solutions. With all the time saved, you can get back to enjoying your property journey sooner.
Daily Bulletin
