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Jim’s Conveyancing conducts first Victorian electronic conveyancing settlement

Sarah Stowe

Innovation is essential for the continued success of any business, and never more so than in today’s digital world. The pace of technological developments means that companies who fail to adopt creative new strategies won’t stay ahead of the competition. So for anyone buying into a franchise network, the opportunity to advance their business with the latest, most relevant tools has great appeal.
 
One franchisor that allows its franchisees to be at the forefront of new technology and adopt exciting changes easily, rather than it being a daunting new challenge as it is for many of its competitors, is Jim’s Conveyancing.
 
The latest benefit for franchisees (as well as customers) is not only digital but an important development in property purchasing. Consider the stress of buying a home, and how complicated the process can be to get all the elements right at the right time. Now imagine if you could ease the buyer’s settlement process with a digital tool that gives a competitive edge to the franchisee’s business.
 
Jim’s Conveyancing has conducted the very first EConveyancing settlement in the state of Victoria. This is an incredibly historic occasion and is arguably the largest single change to the transfer of property titles since the Torrens Titles system was introduced.
 
To be chosen to be involved with this occasion is an enormous compliment for Jim’s Conveyancing and shows how well the brand and its franchisees are trusted.
“PEXA, the organisation established to facilitate Electronic Conveyancing in Australia was delighted with our co- operation and professionalism” says franchisee George Morison. “They consider us market leaders and we are very excited about how this will change our industry.”
 
For purchasers of property, there will be no more running to the bank at the last minute to purchase bank cheques, running across town to drop them off, then hoping settlement will go through, while a removalist truck is on the clock waiting for you to collect the keys.
 
For vendors it will mean instant access to cleared funds and the confidence to settle a subsequent purchase immediately afterwards.
 
As Emily Ferguson, Jim’s Conveyancing’s national training manager explains, “Jim’s Conveyancing’s franchisees are positioned to benefit from EConveyancing more than any single branch or even multi- branch conveyancing or law firms. With our national expansion in the coming months, our clients will be able to visit any Jim’s Conveyancing franchisee to have their identification verified, rather than going to considerable cost to pay for someone local, or travel, in some instances, considerable distances, to have their ID verified by their appointed conveyancer.
 
“Our client was delighted by how smoothly the settlement went through and how instant the financial component of the transaction was.”