Table of Contents:

Terms
Legal Process Outsourcing

Legal Process Outsourcing for Conveyancing Firms

The complex tasks associated with real estate settlement and closing processes make it difficult for firms to streamline their operations. Not to mention the challenges of maintaining client satisfaction and the associated costs of hiring in-person staff. As property markets thrive in the industry, the need for real estate outsourcing services becomes the ultimate solution.

Particularly, the function of a conveyancer is crucial in ensuring that the settlement and closing process is efficient and valid. From title searches to guiding clients through legal implications, they specialize in overseeing real estate transactions.

Outsourcing Conveyancing Services for Real Estate Settlement
Outsourcing Conveyancing Services for Real Estate Settlement

While hiring an in-person staff for this function is an option, there are also operational & staffing costs to consider. Fortunately, the digital era has conveniently made outsourcing conveyancers easier for a legally sound transfer of property ownership. In fact, hiring a conveyancer along with a proficient virtual transaction coordinator can even expedite the closing process further.

The primary advantage of outsourcing is that you can focus on your core duties to improve your business. You can simply delegate tasks to a virtual assistant or even create a workforce to streamline your overall operations. This article will cover the duties, advantages, cost analysis of outsourcing conveyancing services, and more.

Powering Global Brands

Looking for other articles? Explore similar content:

Did you know that you can outsource plenty of roles so you can focus on your business’s core competencies? Discover what real estate outsourcing can offer to boost your productivity and save costs.
If you are keen to move forward with hiring a Virtual Assistant for your Real Estate Business, check out our comprehensive article on Virtual Real Estate Assistants Pricing.
Interested in exploring outsourcing services for your real estate business? This article covers outsourcing property management services that caters to property managers & management companies to achieve cost savings.
Have you only ever hired an in-person virtual assistant? If so you, better learn about why outsourcing to the Philippines is the new destination of choice for real estate businesses.
Did you know that you can outsource plenty of roles so you can focus on your business’s core competencies? Discover what real estate outsourcing can offer to boost your productivity and save costs.
Interested in exploring outsourcing services for your real estate business? This article covers outsourcing property management services that caters to property managers & management companies to achieve cost savings.
If you are keen to move forward with hiring a Virtual Assistant for your Real Estate Business, check out our comprehensive article on Virtual Real Estate Assistants Pricing.
Have you only ever hired an in-person virtual assistant? If so you, better learn about why outsourcing to the Philippines is the new destination of choice for real estate businesses.
Did you know that you can outsource plenty of roles so you can focus on your business's core competencies? Discover what real estate outsourcing can offer to boost your productivity and save costs.
If you are keen to move forward with hiring a Virtual Assistant for your Real Estate Business, check out our comprehensive article on Virtual Real Estate Assistants Pricing.
Interested in exploring outsourcing services for your real estate business? This article covers outsourcing property management services that caters to property managers & management companies to achieve cost savings.
Have you only ever hired an in-person virtual assistant? If so you, better learn about why outsourcing to the Philippines is the new destination of choice for real estate businesses.

The Function of Conveyancers in Real Estate Transactions

Conveyancers are essential in streamlining and expediting real estate transactions. Their expertise allows a seamless and legally compliant transfer of property ownership. Here are some of the valuable contributions of conveyancers in every real estate transaction:

  • Due Diligence – Adhering to local regulations requires conveyancers to investigate the property’s title history. This process helps identify any potential legal issues that may occur and guarantees a smooth process.
  • Detailed Review of Legal Documents – Conveyancers draft and review each legal document to ensure accuracy. This includes contracts, agreements, and transfer deeds which reflect the terms of the transaction.
  • Risk Reduction – Carefully examining potential legal pitfalls, conveyancers scrutinize issues such as unpaid taxes or property restrictions like zoning. Their role is to minimize the risks and potential disputes and comply with the legal requirements.
  • Communication & Collaboration – Conveyancers act as intermediaries between buyers, sellers, real estate agents, and other stakeholders. They ensure the involvement of all concerned parties by coordinating with them in the process.
  • Title Transfer and Settlement – When everything is ready, conveyancers ensure the successful transfer of the property. They also manage funds, ensure proper document delivery, and guarantee property transfer to the new owner.

For corporations engaged in property transactions, outsourcing to a trusted conveyancing firm can optimize efficiency. This enables them to concentrate on their core business while experts manage legal intricacies. Similarly, law firms specializing in other areas of law might outsource conveyancing services to real estate law experts.

You can also outsource a conveyancer and delegate payment-related tasks such as stamp duty and taxation. Working alongside a property bookkeeper can also efficiently manage the financial aspects of property transactions.

Hiring with ShoreAgents and Market Rates for Roles Comprehensive Guide Cover

Unlock Hiring Success: Get Your FREE ShoreAgents Pricing Guide Now!

Grab Your FREE ShoreAgents Pricing Guide: Simplify your hiring with our clear-cut pricing for real estate staffing. One-off costs, membership fees, salaries – we’ve got it all covered. Fill out the form below to download your guide today.

Advantages of Outsourcing Conveyancers

The overhead costs and recruitment process associated with hiring in-person conveyancers can be challenging. Imagine that instead of focusing on major tasks, you need to spend time on hiring that may not be your expertise.

You may also need to pay higher overhead costs for an in-person staff which can strain your budget. The good news is that outsourcing is an excellent alternative to this traditional hiring process. Let’s take a look at some of the perks to help you make the best decisions for your business:

Opting for outsourced conveyancers is ideal for a cost-efficient solution. Particularly in countries offering low labor costs like the Philippines, you can expect to pay less and save more.For instance, the price of hiring a virtual assistant costs three times more in other first-world countries. This includes the USA, Australia, and UK among others. Whereas if you outsource in the Philippines, you can even potentially hire 2-3 workers for the price of one.

If you're looking to access a talent pool of professionals, outsourcing is definitely the answer. There are plenty of skilled individuals with extensive knowledge of property law that can guarantee successful completion of tasks.

However, it is still necessary to train your outsourced staff on your daily processes in order to meet your goals. For instance, outsourced staff may not be familiar with city-specific regulations and requirements. You may also need to spend time on familiarizing them with local laws.

Virtual conveyancers are experts in risk mitigation strategies. They help minimize the chances of errors and legal issues which can cost your business more.

Through outsourcing, you can also streamline the conveyancing process by leveraging advanced technologies. This includes using cloud-based software for document management for a more organized transaction.

By outsourcing non-core activities like conveyancing, you can allocate more time and resources to your primary business functions. This can significantly improve your overall competitiveness and market positioning.
 
At the same time, inquiries from existing and potential clients will not go unnoticed. As you work on the major tasks that fuel the business, you can delegate client inquiries to your virtual conveyancer.

Outsourcing providers can customize conveyancing services to align with the specific requirements of each transaction. This allows flexibility and easy scaling up or down based on workload fluctuations.

During peak periods, such as high real estate transaction seasons, outsourcing allows you to scale up your conveyancing operations. You no longer need to hire more staff as this flexibility can help you manage fluctuations in demand more effectively.

Opting for outsourced conveyancers is ideal for a cost-efficient solution. Particularly in countries offering low labor costs like the Philippines, you can expect to pay less and save more.

For instance, the price of hiring a virtual assistant costs three times more in other first-world countries. This includes the USA, Australia, and UK among others. Whereas if you outsource in the Philippines, you can even potentially hire 2-3 workers for the price of one.

If you're looking to access a talent pool of professionals, outsourcing is definitely the answer. There are plenty of skilled individuals with extensive knowledge of property law that can guarantee successful completion of tasks.

However, it is still necessary to train your outsourced staff on your daily processes in order to meet your goals. For instance, outsourced staff may not be familiar with city-specific regulations and requirements. You may also need to spend time on familiarizing them with local laws.

Virtual conveyancers are experts in risk mitigation strategies. They help minimize the chances of errors and legal issues which can cost your business more.

Through outsourcing, you can also streamline the conveyancing process by leveraging advanced technologies. This includes using cloud-based software for document management for a more organized transaction.

By outsourcing non-core activities like conveyancing, you can allocate more time and resources to your primary business functions. This can significantly improve your overall competitiveness and market positioning.

At the same time, inquiries from existing and potential clients will not go unnoticed. As you work on the major tasks that fuel the business, you can delegate client inquiries to your virtual conveyancer.

Outsourcing providers can customize conveyancing services to align with the specific requirements of each transaction. This allows flexibility and easy scaling up or down based on workload fluctuations.

During peak periods, such as high real estate transaction seasons, outsourcing allows you to scale up your conveyancing operations. You no longer need to hire more staff as this flexibility can help you manage fluctuations in demand more effectively.

The expertise of legal process outsourcing companies streamlines processes, reduces the risk of errors, and accelerates transaction timelines. This allows stakeholders to allocate their resources wisely. Not only will you be focusing on core activities, but also benefit from the specialized knowledge of conveyancing experts.

Do you want to see how outsourcing works?

In-House Conveyancers vs Outsourcing through BPO Agency

In this section, we will feature expert insights on outsourcing options to help you make the best decision. Continue reading to learn more about hiring in-house conveyancers vs outsourcing through a real estate BPO agency like ShoreAgents.

Hiring an in-house conveyancing team can be more expensive depending on various factors. Their overall work experience is one factor, but the location majorly affects the overall salary.

If you hire locally, you will need to consider the median wage for the role. For instance, the average annual salary of a property assessor in the USA costs approximately $62,860 USD. This excludes benefits, office space, and equipment. Not to mention other costs associated with recruitment and training, which can be burdensome.

In House Conveyancers vs Outsourcing through BPO Agency

Whereas if you outsource in the Philippines, you can expect to pay $19, 537 USD annually. This already includes the salary, office space, facilities and equipment, health benefits, and our fees at ShoreAgents.

During seasons with a low volume of transactions, it can be challenging to keep in-person staff on the payroll. Considering that they offer higher fixed costs compared to outsourcing through a real estate BPO firm like ShoreAgents.

Outsourced staff members can also easily scale based on demand and offers long-term cost analysis. Apart from having access to global talent, you can enjoy established systems. You no longer need to invest in real estate software and tools which requires more costs.

In House Conveyancers vs Outsourcing through BPO Agency

The Cost Is Less Than You Think

Factors to Consider when Selecting an Outsourcing Agency

When considering where to avail legal process outsourcing services, it’s important to conduct thorough research. Look for firms or professionals with the following:

  • Strong track record – Outsourcing firms with a strong track record give assurance that they have a history of successful collaborations. This simply presents years of expertise in their field to deliver high-quality staffing services.
  • Positive client reviews – It’s true what they say about how reviews speak for the company itself. Positive insights from clients reflect a firm’s established reputation and commitment to satisfying customers.
  • Relevant expertise – Industry-specific knowledge is very important as it impacts the success of your projects. Partnering with an outsourcing agency with relevant experience guarantees that the staff you onboard are familiar with the industry trends. At the same time, they can offer the best practices and solutions that align with your business objectives.
  • Transparent pricing structures – Providing a detailed breakdown of costs showcases professionalism and builds trust. This also helps your firm to strategize in financial planning and decision-making.

At ShoreAgents, we provide the best real estate staffing solutions for the real estate industry. Our success team demonstrates a commitment to excellence that translates into tangible results. With our fruitful years in the real estate industry, we value client satisfaction and understand your outsourcing needs. Whether you need to hire one agent, build a team, or create a workforce – we have you covered.

Where to Avail Outsourcing Conveyancing Services?

Several businesses turn to outsourcing conveyancing services due to the various advantages they offer. We already know that it can potentially save you money, but what are the available alternatives? Let’s take a look at the expert insights below to help you make an informed outsourcing decision.

Freelance Conveyancers

In House Conveyancers vs Outsourcing through BPO Agency

These are independent experts that provide freelance conveyancing services. While this can yield cost savings, it’s crucial to thoroughly validate their credentials and previous work experience.

You should also think about the possibility that hiring a freelancer could cost more. The current trend of freelancing has resulted in higher competition, so they may demand higher rates for their services.

Even when you’re considering hiring a virtual assistant in the Philippines, it might turn out to be considerably more expensive. Take, for instance, our offer at ShoreAgents for a full-time real estate virtual assistant costs $1,191 USD per month. Hiring a full-time freelancer can potentially incur higher costs which can be around $2,720 USD per month.

In House Conveyancers vs Outsourcing through BPO Agency

The hourly rate for a Philippine-based conveyancing virtual assistant is $17 USD. Assuming that the freelancer works 40 hours per week full-time, the weekly cost would be $680 USD. This excludes additional expenses like statutory government benefits and insurance.

Most importantly, freelancers are not dedicated to your business alone. They usually work on different projects at the same time so their turnaround time may be slower.

In addition to this, training can be more complex if they only have minimal work experience in the industry. You can certainly find the best candidate with relevant experience but will need to spend time reviewing all the applications.

Real Estate BPO (Business Process Outsourcing) Firm

ShoreAgents Real Estate

With BPO firms, you benefit from a structured workflow and consistent quality control. This may be lacking when you rely on individual freelancers who might have varying work styles and standards.

Essentially, real estate BPO firms like ShoreAgents offer customized solutions to your changing business needs. We can also adjust our resources to match transaction volumes during peak periods.

You no longer need to worry about investing in technology tools, as your offshore team already utilizes them. As well as overhead costs involving office space and work equipment? We also have that covered for your outsourced staff.

ShoreAgents Real Estate

ShoreAgents is a real estate BPO firm that offers a wealth of industry-specific expertise. Our proven track record of successful real estate staffing can proudly offer the best candidates you can find in the market.

You no longer need to spend time on tedious recruitment duties and wonder whether or not you hired the right candidate. All you have to do is pinpoint the role and tasks to delegate and we take care of the rest.

This includes candidate search, assessment, interview, onboarding, and staff engagement. Our success team will assist during the interview process to ensure that you’re onboarding the best among the rest. Outsourcing through a real estate BPO agency offers a more streamlined process that outshines freelancers.

Conclusion

Contact ShoreAgents for Outsourcing Services
Contact ShoreAgents for Outsourcing Services

To sum up, legal processing outsourcing for conveyancers presents a strategic strategy for effectively navigating the complex realm of property transactions. The decision to outsource signifies a commitment to optimizing resources and ensuring that property transactions unfold seamlessly.

ShoreAgents offers expert real estate staffing assistance. Our success team provides comprehensive support services across membership tiers to ensure a fruitful outsourcing journey for your organization.

Feel free to inquire about our accomplishments at ShoreAgents, tailored to your requirements. Reach out to our sales team today for assistance on your staffing needs!

Other Related Articles

Table of Contents:

Outsource Real Estate Services with ShoreAgents – Download the Guide and Ignite Your Success Today!
Unlock the power of outsourcing with ShoreAgents and take your real estate business to new heights!
Unlock the power of outsourcing with ShoreAgents