Legal representatives and real estate agents connect at the beginning and end of the property transaction process in Securexchange. The transaction commences with a real estate agent requesting a Contract of Sale from the property seller’s legal representative. The contract is easily shared with the agent in the platform once it has been created. When a property offer has been accepted, real estate agents re-connect with the seller’s legal representative by sending a copy of the Contract of Sale to be dated and exchanged once signed.
A property purchasers’ legal representative is also connected through Securexchange to review the Contract of Sale.
A property seller and legal representative can connect in Securexchange throughout the property transaction for multiple reasons. The seller’s legal representative can create a Contract of Sale for the property, which is then shared with the real estate agent. Later in the process, a seller’s legal representative can safely request clients bank details for funds to be transferred into and initiate the contract to be signed by the accepted buyer. Once the Contract of Sale has been signed by all parties, it can be electronically dates and exchanged.
Lee Bailie, Head of Property Australia at InfoTrack, said, “the new Securexchange dashboard connects real estate agents, lawyers and conveyancers and the mutual clients, ensuring everything is in one secure environment throughout the length of the property transaction. All parties now have more visibility and transparency, making the process easier and more efficient.”
Securexchange simplifies property transactions, supporting the process to be completed faster and more efficiently. The platform is collaborative and offers full transparency, so all parties are connected and are aware of what stage the transaction process is at. In contrast, when Securexchange isn’t used for this process, stakeholders are generally disconnected and don’t have the same level of visibility. A huge added benefit of Securexchange is the platform has a strong cybersecurity focus to ensure sensitive information and documents are shared securely. Buying a property is a huge achievement and the benefit of connecting legal representatives, real estate agents and clients means the process is completed faster, more efficiently and securely.