Electronic Settlements – It’s like running a marathon

marathon photo_blog

Top of my bucket list is to run a half marathon – 2018 is the year! Admittedly this goal has been at the top of my bucket list for some time – but I am great at putting it off.

I have a number of training plans that I regularly look at and I have scoped out what runs are available in and around Adelaide that I will ‘work towards’. But I haven’t run or got even close to a half marathon – yet!

To be honest, if I had started the training 18 months ago, I could have run a few half marathons in Adelaide, maybe travelled interstate to run one there – even London or New York. But, I am still looking at the training plan and I have missed out on a stack of opportunities.

Bucket lists are a great thing, but you MUST tick things off and you must make yourself tick things off – all too often we procrastinate, put things off for another day – pleasure and work alike! I am an expert at it.

Just think what we could achieve if we got on with the now, NOW.

So why are so many conveyancers procrastinating over electronic settlements? I hear many say they will start when it is mandated – but to be honest, that’s just too late.

Electronic settlements will be mandated sooner than you think. Governments across Australia have invested far too much money, time and resources into PEXA and enabling electronic settlements generally for it not to be mandated. WA, NSW and Victoria have all set their mandating dates – SA will follow suit.

But in SA let’s aim to be ahead of the game; let’s play this like a marathon and be fit, trained and ready to run the race before the mandating date (finish line) is determined.

Like me with my half marathon you have had 18 months to start training. And like me, many of you have chosen to look at your training plan but not kick it off. Well, get that plan out and let’s get started- together.

Can you leave it until it’s mandated? No! That is like me saying – I know the Adelaide half marathon is in May 2018 so I will start training in April – too late!! There is no way my body or my mind will be in the position to run 21km, and the same goes for you and your business if you start ‘training in PEXA’ too late.

By ‘training in PEXA’ – I mean using PEXA, and using PEXA to its fullest capacity. Every caveat, refinance and sale/purchase you have – do it in PEXA, start training, start conditioning your mind and business. The last thing you want is to pull a ‘hammy’ 2km into your half marathon and have your peers running past you as you limp along, unable to keep up.

Like anything when you start there are a few bumps, not everything is as smooth or as easy as you would like. You need to condition your body and your mind to build up to the final goal – to make it normal and intuitive.

It’s no different settling in PEXA – it will take time and practice to learn PEXA’s nuances, to implement new procedures and to train staff – but it will be so worth it in the end.

So, like me – stop procrastinating – start your training and start achieving NOW!

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