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One online property marketplace has joined forces with a national conveyancing service to enable the securing of property online without face-to-face meetings.
iBuyNew has done a deal with Lawlab to help it advance its newly developed technology to enhance the online purchasing experience for Australian home buyers.
CEO Mark Mendel said the day when all real estate transactions were completed electronically is fast approaching with iBuyNew already processing its first digital contracts for off-the-plan property.
“It’s only a matter of time before all transactions will take place electronically and people will be securing their preferred property online as they do now with most other goods and services,” he said.
Mr Mendel said iBuyNew has received a tremendous response to its recently launched online reservations system which allows home buyers to reserve a property 24/7 via the internet.
“We have partnered with Lawlab for our online reservation system and are using their collaboration platform Rundl for electronic conveyancing,” he said.
“Rundl enables us to make the exchange process more seamless and keep communication streams open for all parties in the transaction.”
The iBuyNew platform has thousands of properties across more than 190 developments in Sydney, Melbourne and Brisbane including apartments, townhouses, and house/land packages.
Its reservation technology allows buyers to logon to view full price lists, floor plans and related property documents, before reserving their chosen property though a simple three-step process.
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