Using PEXA

Did you know that Walsh Conveyancing has processed over 500 + property settlements using PEXA.

Here’s a little information about PEXA and it's advantages.

What is e-Conveyancing?

e-Conveyancing was created to enable lawyers, conveyancers and financial institutions to complete property settlements together online. It reduces manual processing of paperwork and bank cheques, by allowing land registry instruments to be lodged electronically and funds to be transferred in real time.
e-Conveyancing also reduces the risk of errors and delays, giving you and your clients greater certainty of successful, on-time settlements.

How e-Conveyancing started

e-Conveyancing is a product of industry collaboration to simplify the property settlement process and bring settlements into the digital age. Initiated by the Council of Australian Governments (COAG), PEXA was created to bring together an online network of practitioners and financial institutions, to work collaboratively to digitise the settlement process.
e-Conveyancing is currently live in five states and is a collaboration between many industry participants, including financial institutions, Land Registries and the Reserve Bank of Australia (RBA).

Benefits for Property Sellers

• Offers greater certainty avoiding manual processing errors
• Your conveyancer uses PEXA to check online documents
• Get your money fast and securely
• Sale proceeds are processed digitally as cleared funds to a nominated account
• PEXA makes the experience of settling easier
• No need to physically sign transfer paper document

Benefits for Property Buyers

• Greater certainty that the settlement will be completed as scheduled
• With PEXA documents registering your ownership happens instantly
• Eliminates the need for bank cheques, saving time and money

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