When you work with real estate clients, you’re assisting people with one of their most significant financial choices ever: whether to purchase, sell, or rent a piece of property.
Software for real estate law businesses makes transactions more efficient, allowing you to manage a successful business while concentrating on what’s most important—being there for your clients—regardless of whether you work in a big firm, a small firm, or as a lone practitioner.
Assume you are an attorney interested in integrating technology into your real estate law practice. A list of frequently asked questions about real estate law firm software is provided below. Check out these other articles that explain how real estate law software can benefit your real estate law practice if you’re not familiar with it.
It’s not complicated to use software for real estate law firms. The practice of real estate law is made simpler by software for real estate law companies. It isn’t complicated science. Real estate legal software called Track With Ease was the first to centralize all transactional information, from contract to closing, in one location.
Real estate lawyers may now keep track of everything in one location in the cloud while also offering regular updates, communications, and other touchpoints. An excellent customer experience and a well-run legal practice are the results of its smooth integration with your email provider. Find out more about how Track With Ease can improve your real estate legal firm.
1. What is the price?
The cost of real estate law firm software is reasonable, ranging from $99 to $199 per user at your law company, with separate licenses and access for each user. The first question a real estate lawyer typically has is, “How much does it cost?” However, they should also think about, “How much does it cost NOT to use software for real estate attorneys?”
The majority of real estate attorneys believe that hiring more expensive personnel is the solution to being overworked and too busy. They seldom consider that with increased efficiency—which is where real estate law business software comes in—they would be able to lessen their burden and overload.
The benefits of utilizing real estate law software for real estate attorneys include more time, lower overhead, and, most importantly, secure transaction management systems.
2. What advantages do real estate law software users enjoy?
By streamlining work and removing administrative headaches, software for real estate law companies will help you save time and boost efficiency. We’re referring to issues like a constant back and forth, regular updates, chasing down parties to closings, scheduling dates and deadlines, and remembering to send your client a transaction update.
The majority of the labor may be done by technology, which also raises client satisfaction levels. In turn, this results in a better, more robust service that clients and agents adore, which will promote referrals for your business.
The enhanced profitability and cost savings provided by real estate law software are its most significant advantages; for real estate law firms, their revenue per file is the key indicator of their profitability. By minimizing the time needed from beginning to end, real estate legal software increases net income per file.
Paralegals are not being paid more if the entire office, including them, needs to spend 15 hours on a closure instead of just 10 hours with greater efficiency. For the real estate law practice, the money is wasted. You won’t get paid more for doing extra work as real estate lawyers typically charge fixed fees, so you should be efficient with the job you do overall.
3. How long does learning take?
Usually roughly 90 minutes. You can set up Track With Ease and begin using it with your real estate law practice in just that short time! In contrast to other complex software, which may require days or months of elaborate training, program downloads, and attempting to figure it out before you can start using it, this one lets you get started right away.
In the quickly evolving real estate market, where clients and brokers want better and quicker outcomes, Track With Ease assists you and your real estate paralegals in adopting. Like you, they desire to have everything at their fingertips. Real estate attorney software will make it easier for you to give them the experience they want without spending extra time or effort on it.
4. Is software for real estate law firms difficult to use?
It’s simpler than you would imagine! Simply sign up, watch a brief video, and you’re ready to use Track With Ease once you’ve decided it’s time.
Since real estate law firm software simply maps your present workflows and procedures onto specialist software, it makes it easy to keep full records of everything. Many of the tedious tasks you spend a lot of time on, and correspondence between clients and brokers are automated. Software is just how you practice. You’re already accustomed to it.
5. What if I lack computer literacy?
It’s alright! Many lawyers are reluctant to confess that they are not extremely tech-savvy and are afraid of learning new software, especially those who recall practicing law before computers.
You will receive instructions on how to use this software for real estate attorneys before you incorporate it into your practice, along with a video that you may watch as many times as necessary to become comfortable with it.
You can handle routine updates, transactions, and touchpoints with Track With Ease, exceeding people’s expectations (particularly those who are used to much less effective lawyers who don’t use technology).
6. Are there any downloads required?
The majority of the time, nothing needs to be downloaded, installed, or programmed. Everything is web-based and is safely saved in the cloud in one location. A “track” is the name for the central location where everything is stored, including your contacts, contracts, workflows, crucial dates, and messages.
7. Why should I learn something new?
Because younger, more technologically aware attorneys may lure away your current clients if you don’t adapt and evolve. As a result, you might not have legal practice in a few years.
Assume you’ve been working on your craft for 10 to 20 years. Real estate law businesses that don’t use technology to accomplish more and provide better client service will soon become antiquated. If you don’t improve your legal software and utilize technology, clients will find you elsewhere.
8. What if I’m pressed for time?
You know you have a problem, and it needs to be fixed right away if you claim to be busy and remark that you don’t even have time to save time. Even if you’re limited on time, you can still install real estate law software successfully.
By forgoing the use of software designed for real estate law companies, real estate attorneys are wasting more of their time! And as a result, they greatly lower their prospects of receiving more customer recommendations and, ultimately, more profit.
If you are interested in more articles like this, here’s one about software to consider if you own a personal injury law firm.