How electronic conveyancing can make buying a home faster, more efficient and safer
Electronic Conveyancing is a new technology that replaces the paper-based processes used traditionally. You can now save time, stress and money on your settlement day.
Technology still can’t stop your buyer from having a change of heart or move your belongings for you – although drones might not be far behind.
But it provides a solution to the slow, manual processes that cause so many home-buyers delays and stress on their settlement day.
Delays on a home buyer’s settlement day can be caused by:
- A bank taking several days to clear your cheque
- Human errors
- Misspelt names
- Mismatched bank cheques
Goldberg’s group recently transitioned to an electronic process and our clients are already enjoying the benefits.
Sue Moore, an expert in conveyance at the Goldbergs group, drove the transition and explained its real-world impact:
“Our clients are receiving their cleared funds and having their documents registered within 15-20 minutes of settlement, which reduces any issues with fraud or caveats being lodged – and reduces costs and stress on their settlement day”.
How e-conveyancing works:
- It simply requires you to hand over a single client authorisation form.
- Your lawyer or conveyancer will then digitally sign everything on your behalf.
- Increased security and lower risk of identity fraud
- Instant document registration with the NSW Land Registry Services
- Funds are usually available within an hour, instead of three days
- Furniture removalists can be booked with more confidence in your timings
- Quicker lodgement times
- Reduced administration and manual processes
- Fewer chances for errors
- No travel costs
- No Bank cheques are required
Settlement day can be stressful enough, with the logistics of having to move your family’s entire life, furniture and belongings into a new home – but e-conveyancing can make it significantly less stressful and allow you to settle in more quickly.
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