Commins Hendriks has its house in order, ready for the e-conveyancing deadline
8 March 2017
Regional law firm Commins Hendriks Solicitors is embracing the digital technology which is allowing it to carry out paperless property transactions well ahead of the deadline just announced by the New South Wales Government.
Under the official transition timetable, the majority of the property settlement process will be conducted electronically by 1 July 2018.
Commins Hendriks Chief Executive, Phillip McIntosh, says the firm already offers clients the option of completing an entire conveyancing transaction electronically.
“We are committed to working with clients, agents and financiers involved in the transactions to make use of technology where available and suitable to make the process smoother and more efficient for buyers and sellers of homes where ever they are located,” Mr McIntosh said.
“These efforts have yielded results, with the firm being recognised by PEXA – the digital property exchange platform - as the third largest transfer transactors in Australia and Number 1 in NSW for February 2017.
“This is a great result for a regional based law firm competing on a national level.”
Commins Hendriks has welcomed the government’s commitment to bringing conveyancing into the 21st Century.
“It’s been 150 years since the introduction of the Torrens Title system and it is that system that is now undergoing monumental change,” Mr McIntosh said. “The move towards e-conveyancing has required a fundamental shift in thinking for many involved in legal practise.”
Buying or selling a home is one of the biggest decisions a person will make these days, especially given the increased cost of the property.
The shift to the digital landscape is expected to make the process less cumbersome for vendors and purchasers, which should assist in relieving the stress associated with this type of transaction.
“Our property staff are very enthusiastic about the way e-conveyancing allows property transactions to occur quickly, safely, and efficiently,” Mr McIntosh said.
“It minimises the need for clients to travel to one of the firm’s offices and reduced the time required for exchange of documents
“We recently assisted in organising the exchange and electronic signing of documents for a member of the Australian Defence Force who was on a deployment to the Middle East. Trying to do this via the traditional method using mail may have been a month-long exercise.”