Digital technology is changing many things, including the homebuying process. The good news is that the adoption of digital trends will make the process smoother and easier.
Law firms
For law firms, the benefits of digital technology are obvious when it comes to conveyancing, as it makes many of the repetitive admin tasks easier. This is especially important when you consider that the pandemic has changed so much and has increased the workload for property specialists through record numbers of sales.
June 2021 was the busiest month ever seen in the UK for sales of property, according to a report in the Guardian. This was influenced by the stamp duty holiday, of course, but sales are still very buoyant.
Streamlining services
New technology enables certain services to be streamlined, which means greater efficiency. When repetitive tasks are automated, more time and energy can be directed into customer service to ensure clients are kept up to date with how their sale is progressing. More general work can also be completed.
The automation of essential and routine tasks also removes the potential for human error, especially when it comes to tasks such as data entry, and means that more significant work can be carried out in the same amount of time. Digital technology also gives clients more control, such as the creation of portals that enable them to log in and check how their sale and/or purchase are processing at their own convenience. This was probably a shift that would have occurred generically; however, the pandemic and rising popularity of remote communications have greatly influenced this.
Electronic verification
There have also been huge advances in digital ID, which means that the often lengthy and laborious process of verifying identities and documents can now be done electronically and save a huge amount of time. This is especially useful when it comes to conveyancing, as many items need verification. Doing this manually can really increase the amount of time needed.
If you want further advice about the conveyancing process, a trusted provider such as https://www.samconveyancing.co.uk/conveyancing-process will be able to provide more information.
Sources of funds also need to be verified to prevent money laundering, with new forms of technology playing a vital role in this.
For the average person who wants to complete the sale of a property without excessive time or fuss, these developments in technology and their application to legal processes are very welcome. Rather than spending days running around trying to get documents signed and certified as in the old days, technology now means much of this can be done on a laptop.