Estate agencies are often looking for ways to increase their revenue and save money, but have you ever considered that technology is one of the factors determining your pipeline and the health of your bottom line?
Got a Website? Generate Revenue From Comparison Conveyancing Quotes
One of the biggest challenges for estate agents is juggling the business growth and admin tasks that take a lot of time and resources, which could be used somewhere else. Most agents are distracted by time-consuming admin jobs, and as a result, they are unable to devote the necessary focus to the revenue-generating tasks that are most critical to advancing the company’s success.
By investing in appropriate technology such as online conveyancing comparison tools, estate agencies create an opportunity to provide multiple comparison quotes directly through their website to vendors and buyers alike. Securing a consistent stream of conveyancing instructions provides an additional income, further strengthening the agents’ bottom line.
Furthermore, technology will allow estate agents to handpick which conveyancers to include in their comparison quotes so that they only display legal teams that suit the agency and solidify the relationships.
Keeping In Touch: Real-Time Updates and Communication
It’s becoming increasingly apparent that collaboration and strong relationships are key to effective property completions. Through technology, estate agents and their legal counterparts forge closer connections in order to provide their clients with the best possible service. Especially as legal teams increasingly expand their reach and many clients instruct conveyancers located outside of their local area.
It is now possible for estate agents, sellers and buyers to keep track of their cases in real-time, round-the-clock, seven days a week, thanks to the integration of technology that provides real-time updates and enhances the working relationships between them and conveyancers. The cutting-edge conveyancing technology will strengthen their interactions, and thanks to real-time updates and well-managed expectations throughout the case, the working relationship between the parties will remain intact.
It’s in Your Hands
It’s estimated that 1 in 4 property transactions will fall through, with conveyancing delays being cited as one of the major reasons. This is where technology plays a significant part in the process. The collaborative nature of digital conveyancing platforms like WeCOMPLETE makes it possible for estate agents and conveyancers to work together whilst providing legal teams with digital tools, such as instant documents uploads and electronic signatures, search orders and returns directly into to the system, payment collection, anti-money laundering checks which coupled with real-time communication between the parties significantly bolster the efficiency of property transactions and prevent potential conveyancing delays.