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houseProperty conveyancing business was considered a very profitable and potential business even a few years ago. While it might still continue to be very potential, things certainly are not the same as they were around a few years ago. On the one hand competition has increased quite substantially. On the other hand, there also has been man other market situations which are contributing to uncertainty in this business. Taking all these factors into account. Real estate conveyancers is enact conveyancing in sydney to find out ways and means by which they can thrive and grow in these difficult situations.

While there are some basic objectives which continue to be as relevant as they were a few years ago, there are some unmistakable changes happening around us which cannot be ignored. For example, the improvement in technology has certainly redefined the way business is being perceived by customers. Products and services are being bought and sold on the internet only after getting the full knowledge and information about the same. Hence, even if you are a very successful valuer you must be alive to these changes and make alterations to your business models accordingly.

For example, if you are forward looking and visionary conveyancer, there is no way you can ignore the importance of the internet and modern technology. You must immediately have a website of your own, if you have already not got it. You must take steps to ensure that you have more number of prospects visiting your website failing which not much result will be forthcoming. You must try and offer value additions to customers by way of online conveyancing which could be a certain game changer. You must try and find out efficient and time test ways and means by which you can network better. While strengthening and deepening existing relationships you must also focus on building new ones.

There is also the need to have more contact with other stakeholders apart from retail customers. Banks and financial institutions have huge conveyancing business potential which they are ready to outsource. You must be all eyes and ears to be alive to such possibilities and opportunities. Being members of reputed chambers of commerce and other such institutes will also go a long way in helping you business.

n_135201493745645_IMG_0079Over the past few decades, the computer, the internet and mobile phones have literally created a revolution of sorts as far as communication and use of modern day technology for mankind is concerned. The internet in particular has totally redefined the rules of the game as far as communicating with the world and doing business is concerned. Even the smallest of businesses today are today very heavily dependent on this technology to further their business prospects. The mobile phone technology is also not far behind as an enabler in this entire process. In this article we will try and find out how these modern day technology can favorably impact conveyancing business.

Enact conveyancing in melbourne without any doubt is one of the most important processes that have to be gone through failing which it would be difficult for ownership to be transferred from one entity to another. There are series of complicated steps that have to be completed without errors or mistakes. Further these steps have to be completed within a stipulated time period and that is where the challenge lies. Further, today’s customers are very short on time and therefore conveyancers should find out a way by which they can offer time bound services to them.

Towards the above objective there is no doubt that the internet has a big role to play. This is the reason why many conveyancers are moving aggressively to this technology. Today there are a number of customers who are demanding online conveyancing because of the obvious advantages of time and location. In fact there are a number of conveyancers who have also started offering online conveyancing facilities to their customers. There are obviously many advantages in going through this route and let us see more about it.

Online conveyancing apart from offering convenience, comfort and time to the customers makes the job easy for the service providers also. A lot of unproductive work, repetitive work and wastage of precious time can be avoided by going in for such online conveyancing. However, for this to happen it is very important for conveyancers to completely refurbish their front office and back offices to do justice to the entire process. It might take time but is worth the effort given the obvious benefits associated with it.

Agent-Selection-300x208Maintaining status quo in property conveyancing is no longer possible. This might have been possible a few decades ago but today competition and changing business dynamics have made this also most impossible. Hence, if you are into property conveyancing business you must find out ways and means by which you can move from one level of success to another. This might call for changing with changing times and practices and you must be willing to go through this change. Let us over the next few lines try and find out what it takes to move your conveyancing business from one level of success to another.

First and foremost, it is important to realize that competition in this business is increasing by leaps and bounds. It is therefore incumbent on property conveyancers to change their business models or do something out of the box to take on competition in a scientific and effective manner. Offering the same services which other competitors offer will not take you much far in your conveyancing business. You must try to find out newer and innovative methods by which you can move from one level of success to another. For example today the internet is a big driver of any business or service. Therefore if you are forward looking and visionary property conveyancer, you must make your presence felt strongly on the internet. While having a website of your own is the first starting point you must also look at other ways to be aggressively present on the internet.

A good idea could be to increase your presence on the various social media networking sites. This is where the action and this is the place where young and modern customers look for most of the products and services. Hence, you must employ professionals if needed to enhance your presence in these social media sites. There is also the need to take steps to make your website more interesting and informative. You must also put place various options that could increase foot-falls to your website. This will yield good results though the process might be a bit slow. It is also important for you to understand the importance of chambers of commerce and other such communities that have many other stakeholders. These memberships will help you a lot in increasing networking capability and widening and deepening relationships. Property valuation at the end of the day is a service and calls for reaching out to more number of prospects.

House-for-saleThe internet is well and truly making big changes in the way we lead our lives and there is no doubt that it is also impacting the real estate markets and business too. Before getting deeper into the subject let us first get started by understanding something more about property conveyancing and why the internet could play a big role. Whenever a property is bought or sold, there is no doubt that there are quite a few important steps and processes that need to be gone through. Only when these processes are completed would it be possible for the ownership of the property to change from one person to another.

Since the processes are complicated and have a legal angle attached to it, it is but natural for customers to take the help of professionals to get the job done. This is what the main role of property conveyancers or property settlement agents as they are also known. Apart from ensuring that the property in question is perfect from the legal angle, they also will be able to take care of the various other important tasks. These include property valuation and appraisal, documentation and last but not the least the liaison work that is necessary with the various government authorities. As most of us would know the ownership transfer is complete only when the new owners’ name is reflected in the government records.

Now coming to the reasons why it makes sense to make use of the internet there are quite a few reasons for the same. Today customers are well and truly hard pressed for time. Therefore spending hours or maybe even days at length in trying to complete the entire property settlement process would be practically impossible. Hence, the customers would be delighted if the entire process could be automated and the service providers could enable it be done using the power and reach of the internet. This is what is actually happening in reality as more numbers of property settlement companies are offering online property conveyancing facilities.

The documents are uploaded by the customers through the website of the service providers and then it gets processed by the company. This certainly saves lot of time and offers lot of value to the customers. In case the website does not support online conveyancing, at least the service providers should try and make effective and efficient use of the email for receiving and sending of documents which will certainly save a lot of time.

shutterstock_108889664The internet is impacting many businesses and property settlement is no exception. There are many reasons why more numbers of customers are looking for online property settlement options. Time is perhaps the biggest challenge for many customers and therefore they would like settlement companies to keep this fact in mind while serving customers. Further, online property settlement also is convenient and save the hassle of moving documents up and down apart from making repeated visits to the office of the settlement companies.

From the service providers point of view also, there are a number of obvious benefits that makes online property settlement an obvious choice. They are able to save time that is usually lost in movement of documents back and forth. There is also no need to store these documents in an office and hence the expenses come down quite significantly. There could also be a rationalization of staff and this would also go a long way in increasing productivity all around. The efficiency levels will also go up quite significantly whenever there is an online property settlement possible.

While all these are without any doubt very useful and pertinent benefits, the onus is on property settlement companies to move carefully. Online property settlement cannot happen overnight and would call for some thinking-through of the entire process so to say. It might require a revisit to the entire back office processes and steps. It would be very appropriate if the entire back office functions are automated and only then the front end process is taken up. There is no point in having an automated front end while the back office continues to be strewn with files and other manual ways and means of work.

It is also important to train the staff both at the front end and the back end if you decide to offer full scale online property settlement. However it would be always better to opt for a step by step calibration rather than trying to do it in one go. There are bound to be mistakes and errors and therefore a step-by-step approach would serve the interest of all stakeholders including customers, employees and the management. Further the whole objective of online property settlement should be to add more value to customers. It should not be seen as a move that will inspire awe and respect from other players in the industry. The main purpose should be to serve customers better.

thomas-legal-group-staff-201111Those who are in the conveyancing business for a number of years must be fully aware of the challenges that they are facing in their business. Even the well established conveyancers are finding the going tough. Being successfully in their businesses cannot be taken for granted as it was a few years back. The levels of competition have increased quite significantly. On the other hand there are also other external factors that are impacting their business. The financial tsunami which struck the world ins 2008 has left behind a trail of disaster and even today many real estate businesses are facing the impact of the same. Added to this today’s customers are not the same as they were a few decades ago. They have changed when it comes to choosing products and services. They are ready to spend some time looking up the internet and other sources of information before deciding on the same.

Under such circumstances, the onus lies on conveyancers to find out ways and means by which they can improve their business keeping in mind increased competition, changing customer habits and preferences and also overcoming other unforeseen challenges. To make a beginning conveyancers have to realize that conveyancing at the end of the day is nothing but giving what the customer wants within a stipulated period of time. As service providers they should be able to find better ways to network more efficiently and build better relationships both with existing customers and also prospective ones.

They should understand the growing importance of internet and should make a beginning by having a website of their own if they have already not done it. The onus also lies on the entrepreneurs to find out ways and means by which traffic keeps on increasing to the website. They should understand the power of social media sites like Facebook, Twitter and Linkedin and become actively present in these sites. Last but not the least, they should also continue to focus on the time tested principles of timely delivery of services, perfect quality at all points in time and last but not the least offering their services to their customers at very affordable rates. Hence, it should be an intelligent mix of the new with the old.

cplace_bannerIt goes without saying that the internet and other modern day technologies have literally changed the way we buy things, look up for information and so on. There are hardly any business avenues that have not been impacted by the power and reach of the internet and mobile telephone technology. It is also the same with conveyancing business. Today more and more service providers in this business are making very efficient and intelligent use of the technology to further their business prospects. What exactly are the advantages that are available to the conveyancing companies and the customers? Let us try and get answers for the same over the next few lines.

To begin with the internet provides a wonderful platform for conveyancing companies to improve their network and relationship building. At the end of the day, there is no doubt that all the processes involved in conveyancing require networking with people and getting things done. So, once you have a website and are present aggressively on the internet, it will go a long way helping you to reach out to more number of customers. Today’s customers especially the younger generation are very particular about the quality of information that they get from the internet. Hence, as a conveyancer, you should find out ways and means by which you are able to provide the customers with useful and relevant information at all points in time.

Further, being present on the internet and offering value added services like online conveyancing facilities will also go a long way in roping in new customers and also strengthening relationships with new customers. Today’s customers are hard up on time and therefore offering online conveyancing will certainly go a long way in helping them to save on precious time. They can avoid the need to make repetitive visits to the office of the conveyancing company in their bid to go through the process in an efficient and productive manner.

From the point of view of the service provider too, online conveyancing will also help in making their whole operation more productive and avoid wastage of time, labor and cost. Hence, there are hardly any reasons that could be cited against the use of technology to further ones conveyancing business. But the process has to be thought through and should not be implemented in a hurry.

technology-changed-business-1There is no denying the fact that certain modern technological inventions have become extremely important and indispensable in our day to day lives. The internet and mobile telephony are two such inventions which have taken the world by storm. Today, there are hardly any day to day transactions that cannot be done using the internet. When it comes to real estate industry there is no doubt that conveyancing has a very critical and vital role to play. It plays a big role in enabling smooth transfer of ownership from one entity to another.

While conventional brick and mortar conveyancing still continues to be very much in demand, as far as the new generation customers are concerned, they would like conveyancing to be available on their desktops or laptops or even on their mobiles. Hence, if you are into conveyancing business and are looking at ways and means by which you can take the business to a higher level of success, there is no doubt that you have to pay importance to the internet.

As a first starting point, it is important for you to understand the importance of having your own website as a conveyancer. For the short term there may not be much of revenue or profit coming in from the website. If the website is well thought out and intelligently constructed, it will go a long way to act as a low cost advertisement medium. Once the message reaches across to a number of customers, it will only be a matter of time before you start reaping the benefits of the same. You will see a steady increase in prospective customers many of whom will eventually start doing business with you.

You must also find out ways and means by which you can leverage the internet and mobile phone to your advantage. For example, if you can find out ways and means by which you can offer online conveyancing, it will certainly mean adding a lot of value to your customers. They will start flocking to you and the word of mouth advertising will also work very much to your favor. Hence, if you are an ambitious and forwarding looking conveyancer, looking at the distant horizon you must understand the growing importance of online conveyancing and take steps to implement without any delay.

purchase-businessOne of the biggest challenges that customers face today is lack of time. Hence going through the brick and mortar process of conveyancing is something that not many customers find favor with. Therefore, offering online conveyancing is something that is very important for all those service providers who wish to take their business from one level of success to another. From the customers’ point of view too, online conveyancing is something that they will find very useful. Apart from saving time it will also help the customers to ensure that they get the various reports and other returns in time.

While all this is great news, moving from a brick and mortar environment to online conveyancing is easier said than done. There are a number of important issues that must be kept in mind. Security and safety of the information that is being sent by customers online is an important requirement. There should be enough safeguards to prevent hacking of websites and putting at risk sensitive customer data.

Secondly, it is also important to also keep in mind the fact the online conveyancing should be a perfect replica of the brick and mortar method of conveyancing. This would require having a good software consultant to replicate each and every process and move it to an automated environment.

Now coming back to the benefits associated with online conveyancing, the service providers also stand to gain a lot in terms of increased productivity and lower costs. The efficiency levels will also increase though there could be some important areas which may still have to be continued manually. At the end of the day when one looks at the pros and cons there is no doubt that going in for online conveyancing has more benefits to offer and is a win-win situation both for the customers and the conveyancers.