e-Conveyancing or Electronic Conveyancing is the term used for Settlements and transactions conducted electronically.
From 1 May 2018, electronic eligible property settlements in Perth and throughout Western Australia have to be lodged electronically using PEXA.
We support the new innovation of e-Conveyancing in the real estate property industry. We are committed to provide an excellent conveyancing service to our clients and to keep up to date by improving our knowledge with any regulation changes to the ever changing industry.
Roleystone Kelmscott Settlements have the skills and expertise to guide you through an electronic settlement.
PEXA stands for Property Exchange Australia. PEXA is Australia’s online property exchange network and enables users to lodge documents and complete financial settlements electronically. PEXA is both the company that provides the electronic platform used for e-Conveyancing and the electronic platform system itself.
PEXA registered Settlement agents can settle properties electronically for their clients.
Some of the key points of an electronic settlement with PEXA include:
E-conveyancing helps to streamline the conveyancing process and reduce the manual processes.
PEXA’s automatic online document checks reduce the risk of errors and provide greater certainty that your settlement will be completed on time.
There is no need to wait for bank cheques to clear and you do not need to pay a bank cheque fee.
With PEXA sale proceeds are processed as cleared funds and sellers can have funds transferring via Electronic Funds Transfer (EFT) same-day.
When conveyancing is done manually, documents registering your ownership can be lodged days, or in some cases weeks, after settlement.
With PEXA these documents are lodged instantly, so buyers are instantly registered with Landgate as the owners of the land, giving you full peace of mind.
Property Exchange Australia Ltd is a company limited by shares with key shareholders including: