The past couple of years has seen a surge in “proptech” focused companies reshaping Australia’s property market.
The objective of proptech, or “property technology”, is to drive innovation and provide a better way of doing business in an industry plagued with inefficiencies.
And if there’s a lesson to be learned from the global Covid-19 crisis, the need for innovation has never been more critical than right now.
Through necessity, it has been inspiring to see many businesses innovate in the face of crisis and implement online technologies to remain operational in an environment when social distancing means “in-person” business is no longer possible.
But it’s the businesses that have already embraced the digital environment and new technologies that are more agile in the current climate and will come out the other side stronger than ever.
One such business is Lawlab, a nationwide law firm renowned for their depth in legal experience in the property industry, who specialise in “eConveyancing”.
The company was founded in 1899 and boasts an impressive 40,000 conveyances - many of these completed “online”.
Traditionally the conveyancing process is a complicated and confusing process of multiple in-person meetings to exchange physical documents and a myriad of telephone calls.
With a focus on innovation and a commitment to improving the way things have typically been done in the past, Lawlab have streamlined the conveyancing process into an online, time-efficient platform that benefits all parties.
eConveyancing is the way of the future for all property transactions.
Lawlab has made conveyancing simple.
They have revolutionised the conveyancing process using an innovative “online platform” that reduces the costs and makes the process more cohesive for all stakeholders.
No more stacks of paperwork and jumping through hoops.
Their online platform is designed to reduce administration and provide all parties with transparency and collaboration during the entire conveyancing process from start through to finish.
As conveyancing involves multiple stakeholders, there are often many challenges during the conveyancing process.
By moving the conveyancing process “online”, Lawlab has eliminated many of these challenges.
What Is Conveyancing?
“Conveyancing” is the process of transferring the legal ownership of a property from one person to another.
A conveyancing lawyer assists their client with the property settlement and transfer of ownership by ensuring all parties are fulfilling their legal obligations.
Conveyancing involves preparing, verifying and lodging a number of legal documents as well as:
Conducting property searches
Preparing contracts
Ensuring finance and building inspections are satisfactory
Communicating with financial institutions
Representing your interests
Arranging the property settlement
Lawlab streamlines this entire process and facilitates document sharing, communication between all parties and ensures transparency with real time updates so all parties are confident legal obligations are being met.
Lawlab & inndox
One of the key benefits of using Lawlab is the ability for all stakeholders to upload and download documents as well as keep track of all conversations through to completion.
Clients can sign their contracts electronically - saving time, costs, paper and ultimate reducing their carbon footprint.
All conveyancing documents are conveniently stored online allowing clients easy and instant access to all their important documents.
Once the eConveyancing process is completed, all important documents can then be transferred to inndox for permanent safekeeping.
Transparency & Communication
During the eConveyancing process, time is critical.
Documents need to be signed by specific dates or the sale falls through.
Prior to moving online, getting important signatures was often a painstaking and time-consuming process with much ‘to-ing and fro-ing’ between the various parties.
Lawlab’s innovative online platform means open communication and electronic signing which fast-tracks the turnaround of important documentation.
All parties have constant access to all documents so clients can view the current status of their project and receive live up-dates.
They can also communicate with other professionals involved in the eConveyancing process such as real estate agents, brokers, lenders and solicitors.
Lawlab keeps all parties informed during the process for complete transparency.
Why Choose Lawlab?
The Lawlab team has extensive experience in the property industry and as licensed conveyancing lawyers.
They believe the conveyancing process should be stress free and guide clients through the entire process of purchasing, selling or transferring the ownership of property.
Lawlab’s innovative online platform means all parties - including buyers, sellers, solicitors, lenders, agents and brokers – seamlessly coordinate to ensure settlement happens faster.
No matter where you are based or looking to buy, the Lawlab team is nationwide.
If you are looking to buy or sell, contact Lawlab today for your conveyancing needs!
Looking to buy or sell a property?
When buying or selling a property you need a BETTER way to manage your property information instead of the old school lever arch file or digital mess that many of our computer hard drives have become.
Everything about your property, in one place!
inndox is an innovative online home management system or “property logbook” that allows you to capture, record and share information about your property.
Everything from building plans and conveyancing information to pest inspection reports and appliance warranties.
Inndox ensures your property information is safe and secure so you can make informed decisions about one of the greatest assets you will ever own.
