“It’s become very easy to see that electronic conveyancing is the way of the future with many advantages possible for us and our clients.”
A survey of over 1,000 property owners conducted by LocalAgentFinder found that for approximately 57% of people, buying a house is one of the most stressful processes one endures.
Leisa Godfrey, Conveyancing Manager – O’Reilly Stevens Lawyers, acknowledges this sentiment.
However, through a combination of the firm’s customer-first legal service and the use of industry redefining technology, Queensland’s homebuyers can now enjoy moving into their dream homes with greater peace-of-mind.
“Buying and selling can indeed be a very stressful time for our clients,” Leisa notes.
“But using PEXA enables us to deliver a positive settlement experience because the whole conveyance process is dramatically simplified, allowing for an easier, more relaxed transaction from start to finish.”
PEXA is an online system that allows lawyers, conveyancers and financial institutions to lodge documents with Land Registries and complete financial settlements electronically.
This method is phasing out the previous, paper-based process, delivering time savings and efficiencies to firms. O’Reilly Stevens Lawyers utilises this functionality to assist clients from Cairns, its surrounding areas and even internationally.
“We’ve observed benefits which cannot be experienced in a paper settlement, such as the proceeds of the sale being disbursed almost immediately (gone are the days of waiting for a bank cheque to clear), and registration to the buyer taking effect within minutes.
“A critical benefit to our firm is that we don’t lose downtime going out of the office to attend settlement, collecting cheques or attending to banking.”
The modern consumer is conditioned to a modern service, something which Leisa feels is becoming increasingly true in the property industry.
“In today’s climate where technology plays a big part in our lives, I believe our clients not only appreciate the minimal stress they experience when we conduct their conveyance electronically in PEXA, but I’ve found in most cases they expect it would be the normal process.”
And having made the transition, Leisa believes that the next step for Queensland’s property industry will be a digital one.
“It’s become very easy to see that electronic conveyancing is the way of the future with many advantages possible for us and our clients.”
