For well over a century, the practices and procedures surrounding property settlement have been stuck in time. Even while technology is driving dramatic changes in other parts of the property industry, conveyancing has evolved at a snail’s pace.
Two things are clear – consumers are demanding change and conveyancers deserve a better deal.
Enter Realtime Conveyancer, which is changing the way properties are settled through digital innovation. The focus is on enhancing stakeholder relationships, delighting customers, and boosting business performance for property settlement practitioners.
The platform has two core features – a software suite and companion mobile app – which work together to provide a fully streamlined way for all parties to a real estate transfer to stay connected and in the loop on any device at any time, whether that’s at a desk or on the move.
Realtime Conveyancer benefits everyone
Through workflow, messaging, accounting, and analysis capabilities, it simplifies the conveyancer’s job and frees up time which can then be used for value-creating tasks such as customer care, networking, business development… just to name a few possibilities.
On the flip side, buyers and sellers have a seat at the table and feel confident of being able to get a status update and snapshot of progress whenever needed.
In a nutshell:
- Conveyancers benefit from a digitally streamlined process and significant cost savings.
- Buyers and sellers benefit from reduced settlement times of up to 20 days.
- All parties benefit from transparency and a less stressful experience.
The conveyancer’s job can be a pressure cooker
Recent statistics show that Australia has a staggering $8.6 trillion residential property market with $376 billion worth of sales per year. There are currently 12,000 firms practising conveyancing in Australia.
That said, the work performed by conveyancers is often viewed as a commodity rather than a valuable professional service. Despite this perception, conveyancers are responsible for managing critical risks and their responsibilities are central to a smooth settlement and an overall successful transaction.
Realtime Conveyancer gives settlement agents a better and easier way to do their jobs and demonstrate their value. It eliminates the need for tedious and repetitive tasks and frees up time for value-added ones.
Central to this is Transaction Management Software (TMS) which lets conveyancing practitioners achieve more in real-time. They can:
- Receive offer and acceptance contracts.
- Create and track best practice workflow.
- Correspond through in-app email.
- Customise document templates.
- Update all parties instantly.
- Automate progress notifications.
- Access compliant trust accounting package.
- Analyse data and gain valuable insights for decision-making.
Buyers, sellers, agents and brokers all reap the benefits
Buyers, sellers and associated parties to a property transaction frequently feel disengaged and disgruntled by delays and other settlement difficulties. Realtime Conveyancer eliminates the roadblocks and pain points and gets everyone singing from the same song sheet.
The Realtime Pathway to Settlement (PTS) app allows everyone to:
- Get notified in real-time.
- Track key milestones.
- Submit bank account details securely.
- Sign documents electronically.
- Store documents securely.
- Leverage concierge services.
The bright future of conveyancing
Realtime Conveyancer was developed in response to reports by around a third of Australian consumers (in all states and territories) that the settlement process is both stressful and takes much longer than it should.
With a talented property team at the helm and a clear vision for the future, the platform is quickly setting a benchmark as the next generation of conveyancing services.
Realtime Conveyancer is powered by leading-edge cloud technology and APIs. But it’s not about removing humans from the process. Instead, it’s about allocating the right resources to the right areas, so you have satisfied clients, and a sustainable business.
6,000 properties settled already
We’ve already played a role in settling over 6,000 properties in WA. And it’s been a thrill to have had so many conveyancing firms reach out to express their support and enthusiasm.
Through partnerships like those we have with REIWA and VaultRE, we’re constantly making key connections with the agent network and other important players in the industry.
Our number one goal is to deliver an exceptional customer experience. As such, progress depends on careful, intentional refinements. With this in mind, an exciting next move is to roll out Realtime Conveyancer to SA property professionals.
Interested conveyancing firms in both WA and SA can register via the website to get a demo and learn more about the game-changing benefits of Realtime Conveyancer.
