- REIWA has come on as an investor in the Realtime Conveyancer
- The proptech will be looking to market its new platform later this month
- It is hoped the new service will speed up settlement process for all concerned
Realtime Conveyancer, an end-to-end transaction management system that looks to streamline the conveyancing process, has announced an investment from the Real Estate Institute of Western Australia (REIWA).
With the service set to launch later this month to settlement agencies, this is a timely investment for the Perth-based tech startup.
Realtime Conveyancer’s co-founder and CEO Kylie Dillon said she was excited to share the news of REIWA’s investment in the platform, as this will help strengthen the relationship between conveyancing practitioners and real estate agents.
Not only will the platform make it easier for conveyancers, real estate agents will be able to see how their settlement is progressing for their clients, she told The Property Tribune.
She said the new platform will also help improve consumer confidence and connect all parties to the conveyancing process. 64% of consumers are frustrated that the conveyancing process lacks transparency and settlements take too long, she said.
“Working together with REIWA will allow us to bridge the gap between the sales journey and conveyancing journey, significantly improving the experience for conveyancers, agents and most importantly, WA buyers and sellers.”
Kylie Dillon, CEO, Realtime Conveyancer
“REIWA’s vision to make the selling, leasing and buying of property as simple as possible for all West Australians aligns perfectly with Realtime Conveyancer’s values.
“This partnership represents a huge vote of confidence in the Realtime Conveyancer platform and the value that it can deliver to conveyancers and their clients,” said Ms Dillon.
REIWA CEO Neville Pozzi said the ability for real estate agents to track the settlement process, in real-time, was also a big win in the deal.
“REIWA has invested in Realtime Conveyancer as it sees significant upside and efficiencies in processes for both conveyancers and real estate agents. The integration with important real estate service providers will significantly enhance efficiencies within the conveyancing and real estate industries”, said Mr Pozzi.
Founders Kylie Dillon and Mike Price both used to work at PEXA (Property Exchange Australia), which was recently listed on the ASX (‘PXA’) with a valuation in excess of A$3 billion.
The Realtime Conveyancer platform will be available to market later this month, with interested firms able to register for demonstrations via the website.
Disclosure: Kylie Dillon is also a contributor to The Property Tribune.