What is the market value vs the sale price of your property
South Africa - Property360
Experts insist it is not always wise to plough money into a property in an effort to increase the price tag
Owning a property is undoubtedly a huge accomplishment for South Africans, but multiplying its value is another issue altogether. Property values cannot always be controlled, or understood, often leaving owners disappointed when General Valuation Rolls (GVA) are published.
This is evident from the tens of thousands of objections municipalities receive after every GVA. Location and size of erf are among the main drivers of a property’s price, with the same bricks and mortar in an upmarket suburb worth more than those in a downmarket location, says Erwin Rode of Rode & Associates.
Other determinants include the view from a property, the size of improvements and the quality, age and condition of such improvements. “Age detracts considerably from market value. The reason is that buyers are prepared to pay more for up-todate design and finishes. Maintenance costs are also lower.”
Property360
The emergence of e-conveyancing
Australia - Lawyers weekly
e-Conveyancing has become a hot commodity in the Australian market. How are lawyers responding?
Take any person working in any kind of organisation and the one thing they’ll most likely yearn for are better business processes.
As we become increasingly busy, the pressure continues to mount on how to simplify our work and take both the time-consuming and repetitive tasks out of the equation so we’re able to focus our attention on the more important matters at hand.
Technology has been a huge value-add for lawyers in this regard, with AI and the likes streamlining the mundane and freeing up time to add greater value to the client experience.
In a similar vein to AI, e-conveyancing is fast becoming a vital resource in this simplification.
Lawyers weekly
Commercial conveyancing and cyber security: beyond the basics
UK - Legal Futures
For business leaders in the conveyancing sector, ‘Friday Afternoon Fraud’, whereby cyber criminals intercept emails between a conveyancer and client to steal funds intended for a property purchase, is now a widely understood and recognised risk to law firms and their clients. Indeed, authorities and regulators have made great strides in providing detailed guidance on avoiding cyber fraud in property transactions.
The Conveyancing Association, for example, published their ‘Cyberfraud and Fraud Protocol For England and Wales’ which sets out each of the cybersecurity threats with practice guidance to mitigate them. This guidance is particularly useful as it extends beyond just Friday Afternoon Fraud with email interception. In this article, we will look at a range of best practice security recommendations beyond the more basic measures implemented by law and conveyancing firms. By doing so, it is our aim to assist conveyancing businesses in considering the whole range of interventions needed to protect both themselves and their valued clients.
Legal Futures
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