February 21, 2017

Myth Busters – Top 3 Myths of Conveyancing

Words by
Perfect Portal
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Buying a house is an exciting time, and despite looking like a quick and easy on all the house buying or renovation T.V shows, the process is, unfortunately, not that simple. With alternative facts being thrown around left right and centre, we thought it was time to set the records straight and confront the three top myths about conveyancing.

1. It’s cheaper and easier to find your own conveyancer.

Most Real Estate agents have a handful of conveyancers that they prefer to work with. Whilst there is the belief that they refer you to the most expensive person or ones in which they earn the highest commission on, that is not the way it works. Real Estate agents relationships with conveyancers and other networks are built and developed over time, if the conveyancer they recommend does a bad job it reflects badly on them, so always trust that they have your best interest at the forefront of their mind and want the best for you. If you are worried about having to pay extra, read over the quote that the firm offers you. By law, the firm must disclose on the bill if either party is receiving a financial benefit from the referrer. Remember to have faith in your real estate agent.

2. Conveyancers are impossible to get a hold of!

It seems that the people you want and need to speak to are often the ones you are unable to reach. However, many conveyancers are implementing new strategies and tools to ensure that you are kept up to date at all times. Some firms now offer you a login to a portal that means you can stay up to date on your matter without having to sit on hold for hours, saving you time on the phone and all the communication frustration.

3. The conveyancing process is very slow and is drawn out longer than it needs to be.

Buying a home is an exciting time and understandably you want the process to be as smooth and effective as possible. Unfortunately, the conveyancing process doesn’t happen overnight. The waiting game can be frustrating but just remember it is a conveyancer’s job to handle the legal side of your home purchase and making sure things happen properly and the right way can take time. Delays are usually caused by factors outside of the conveyancer’s control such as a delay in a mortgage offer or misinformation on the seller’s content enquiries. On average the process takes about 2 weeks to get it all sorted.

Conveyancers know that purchasing a house is the biggest investment you will make in your life. They understand all the emotion and stress that goes into such a big purchase so it is just as important to them as it is to you that the process is done properly.

Make sure you’re giving your clients the best service possible by staying up to date with new and emerging technologies. If your want your clients to be able to generate their own quotes and streamline your communication process, book a demo to see how Perfect Portal can work for you.