Buying and selling a real estate property are quite complex. It is not the same as buying any other movable or immovable properties. There are a number of steps and processes which have legal, statutory and compliance related issues. It is therefore very important not to miss on any of the steps because this could adversely impact the transfer of ownership from one entity to another. Further the steps and processes or quite lengthy, time consuming and complicated to say the least. It is therefore very important for real estate buyers and sellers to take the help and assistance of various professionals. These groups of professionals have different roles to perform and each one of them help in smooth transfer of ownerships from one person to another.
Coming to the various professionals who perform the entire job of conveyancing, they could be lawyers, advocates, attorneys or even real estate valuers and appraisers. There should be full coordination amongst each of these professionals to ensure smooth ownership transfer. Even today a majority of conveyancing is done in a manual environment. However, this is putting a lot of strain on the resources of conveyancing companies resulting in reduction of productivity and efficiency levels. Further modern day customers are more inclined towards modern day technology and are comfortable using the internet for meeting their conveyancing requirements.
Under the circumstances it is very essential for conveyancers to understand the changing the preferences and buying habits of customers. They should therefore realign their business processes so that they are in tune with changing times and situations. Towards this objective it is very important for modern day conveyancing companies to provide online facilities to their customers. Any such company which is capable of providing online conveyancing is likely to get newer customers over a period of time. Secondly giving online conveyancing facilities would require automating the entire back office operations. This cannot happen overnight and will take time and effort. Nonetheless this is going to become a necessity rather than a choice. It is therefore critical on the part of conveyancers to find out ways and means by which they can move towards complete automation over a period of time. Using technology, at the end of the day, will certainly improve the cost effectiveness of the conveyancing service providers.