When choosing a conveyancing specialist to handle the sale or purchase of a property, there are certain things that need to be clarified. Does the potential conveyancer have the necessary experience in the type of property in question? Are they a member of the Australian Institute of Conveyancers? What is their projected timeframe for the finalisation of the property settlement? And of course, what do they charge?
There are changes afoot when it comes to these last two question. Some states are already pushing for the mandatory adoption of e-conveyancing, wherein the entire transaction is completed electronically. This can also affect the cost of the process, often for your benefit.
The Potential Benefits of E-Conveyancing
E-conveyancing will become more widespread across Australia as the system becomes standard. If you are purchasing or selling a property, what are some of the potential benefits of handling the transaction electronically?
Your Security During the Transaction
Just as with any online transaction, every effort will have been made to protect your information, although you still need to do your part. This can include only accessing your e-conveyancing data with a secure internet connection and choosing an appropriately difficult to guess password. If you use the same password (or variations thereof) for multiple logins across a number of platforms, it can be prudent to choose another one. E-conveyancing handles the purchase or sale of a property, and while electronic protective measures are in place, you want to be as secure as possible for such a significant transaction.
A Change to the Method
E-conveyancing certainly doesn't reduce the required diligence of your chosen conveyancing specialist. All the necessary checks still need to be performed. It does, however, make it easier for them to lodge the mandatory documents for the settlement of the property transfer. It's merely a change to the methods utilised to finalise the settlement.
So while your conveyancer might still offer a traditional, manual service, an electronic service might well soon become what is traditional.Share
13 April 2018
I love watching legal dramas from all different countries. I often call up my friend who is a lawyer to ask her about whether the cases I have seen on the latest drama are realistic or if they wouldn't happen that way in Australia. It's so interesting to me to see the changes that they make to make the stories flow more convincingly as well as the differences between the law in Australian compared to other countries. This blog is for other fans of legal dramas like me and has some tips on the best places to get real legal advice (hint, it's not on the TV!).