247 Legal - About Us

Overview

247 Legal is online digital conveyancing delivering legal documentation by lawyers to real estate agents to buyers online.
By publishing legal documentation online it is faster giving agents and buyers instant access to the documentation.
The 247 system means agents can quickly prepare for the sale and is properly informed, as the legal information will now be available within a few days of instructions from the Vendor.
Buyers and their lawyers can get instant access to the legal information, allowing them to complete their due diligence at their convenience 24 hours a day 7 days a week. This minimises the buyers' frustration and the risk of losing buyers due to delays.
247 Legal - The Digital Conveyancing Network literally creates an online network between Vendors, Agents, Lawyers and Buyers in respect to the sale of a property.
247 Legal makes selling your property easier.

Why digital conveyancing

Conveyancing is a necessary part of the process of buying and selling a property. It has always been an intensive paper driven transaction.
Brett Hayton, inventor of the 247 system, created the digital alternative. After working in the industry for over 15 years he saw that there had to be a better alternative. From a law clerks perspective there is little joy in shuffling and collating paper contracts and vendor statements in preparing for an auction or private sale. The 247 system evolved from the creation of the digital contract. We believe that giving agents access to legal documentation online is smart thinking. Extending this to the members of the public is a logical progression.

Mission

To create an industry standard in digital conveyancing.

Who can use the system?

Vendors
As the person selling your property you want the agent to have the legal documentation prepared quickly to prepare for the marketing campaign. You want your agent fully informed. You want your buyers to have ready access to the legal documentation not just so they can complete their inquiries but also so they can make you an offer. By using 247 Legal this is achieved. Any delays in the delivery of documentation can cost you a sale. 247 is faster, its online and gives your agent and buyers instant access to all the required legal documentation.
Agents
All real estate agents are automatic members of 247 Legal. Agents have secure username and password logins to have access to view, print and download documentation.
To quote Paul Stoner General Manager Wilson Pride Franchises:
"I see real benefits to the industry and the public in the following areas:

The on-line public viewing prior to auction or private sale of a property will allow the prospective purchasers to complete their due diligence to ensure that they are fully aware of all the details of the property prior to purchase.

Ensures real estate agents have the legal documentation when they need it

Reduces the time and cost of photocopying documents for prospective purchasers

Allows the vendor to check the documents prior to sale to ensure all are in order" Buyers
Buyers have been frustrated for too long in not having ready access to legal documentation such as the Vendors Statement. And for too long when it is made available the document is faxed and it is often in excess of 30 pages. And then it is too hard to read.
Now by using the 247 system all the information is published online. As soon as the information is available to the agent it is now available to you. If you only want to look at the plan of subdivision then you simply click on the link to the document. If you want your lawyer to check any aspects of the property they also have immediate online access.
Lawyers & Conveyancers
The advantage of the 247 system over the current system is the incredibly time consuming photocopying and collating of documentation that has always been part and parcel of conveyancing together with the inevitable paper wastage is now no longer necessary. Documentation can therefore be provided to real estate agents faster than ever before satisfying both the agent and the vendor.
Certificate ordering, contract and vendor statement preparation can now all be done online. Once you have completed the documentation the agent can simply download and print the documents.
With the forthcoming introduction of the Victorian State Government electronic settlement system Lawyers will then enjoy the benefits of an end-to-end digital electronic conveyancing system.