loading...
Can Technology Speed Up the Buying and Selling Process?
20 January 2022

These days, technology is used in many aspects of commerce. Whether you are talking about automated or semi-automated cash registers at a supermarket, the use of contactless payment systems or even the number of e-commerce stores that have sprung up in recent times, technology is at the heart of making things simpler, easier and – above all – quicker. However, this does not always apply when it comes to buying and selling property. Thankfully, this is something that is beginning to change, especially as Redbrick Solutions offers state-of-the-art conveyancing case management systems that can greatly accelerate the process of house buying and selling.

What Can Slow Down the Process of Buying and Selling Property?

Before we examine exactly how Redbrick Solutions’ legal case management software functions, it is worth examining why property sales are not as fast as other types of transactions. Firstly, there are a number of regulatory issues that you don’t get with, for example, your grocery shopping. These include the requirement to produce energy performance certificates, the need for mortgage lenders to ascertain whether borrowers’ incomes are sufficient to meet the proposed repayments and, of course, legal processes connected to conveyancing.

What’s more, buying and selling property can be slowed down by the parties concerned. For example, a house sale might be agreed upon in principle but if the seller has not yet found a property they wish to move into, then the deal can go nowhere for a time. Sometimes ill health of buyers can cause delays as can a change in financial circumstances whereby a new borrowing arrangement might need to be put in place. Although estate agents have a vested interest to push transactions along, they, too, can cause unnecessary delays by not forwarding communications as quickly as they might.

In the main, however, it is conveyancing that causes much of the frustration associated with slow property sales. Perhaps this is because typical buyers and sellers do not understand all of the processes involved and consequently do not value them enough. On the other hand, some solicitors do their reputation no favours by handling everything manually, when investing in technology could make their processes faster and, therefore, more cost-effective.

How Can Technology Help With Conveyancing?

Any business management software that is designed well streamlines processes. This is as true of conveyancing software as it is of anything else. Emphatically, legal firms still need in-depth knowledge of property law to carry out conveyancing work. However, as most solicitors will admit, many of the processes they carry out when working on a property transaction are repetitive and for an administrative purpose only. What well-designed conveyancing case management software should do is to automate many of these basic functions so that time is freed up for more demanding work.

Furthermore, by adhering to certain workflows within such software, it becomes almost impossible to miss procedures, thereby helping to eliminate risk. Given that much of the work involved in conveyancing relies on communications running back and forth between legal firms, any software-based technological solution should track any such communications and even automate them to an extent with digital signatures and the like.

If the idea of removing bureaucratic processes and speeding up conveyancing workflows appeals to you, then it is certainly something that will benefit clients who simply want this stage of the property acquisition process to be as speedy as possible. This is exactly what Redbrick Solutions legal case management software offers conveyancers.

How Does Redbrick Solutions’ Software Speed Processing Times Up?

There are plenty of features in our software solution that will speed up conveyancing processes. In fact, there are too many to mention them all, so we’d recommend requesting a demo of our software in action so you can gain a more realistic idea of how useful it can be. That said, some of the main features legal firms can expect to benefit from include:

– Pre-populated land registry forms

– Semi-automated completion statements and billing

– A secure portal for 2FA documentation

– Two-way integration with MS Outlook

– Unified text and email communications

– A shared diary the whole conveyancing firm can access

– A lease apportionment calculator

– Case and agent tracking that runs 24/7

– An SDLT e-submission service

Find Out More

Bear in mind that the features listed above only offer an indication of how our case management software solution can save time and improve operational efficiency. Please do not hesitate to contact us for further information on how it can benefit your firm.