What is e-Conveyancing?
e-Conveyancing minimises the manual processes and paperwork associated with property exchange by enabling financial institutions, lawyers and conveyancers and others to transact together online.
It improves efficiency and transparency by enabling property settlements to be completed electronically with pre-populated data, real-time lodgement and streamlined processes.
So why give it a try?
Manual processing is prone to error… why take the risk? PEXA’s online document checks bring you greater certainty of successful, on-time settlement.
Get your money fast.
Why wait days for cheques to clear? With online settlement through PEXA, your sale proceeds will be processed as cleared funds to your nominated accounts.
Easier for you.
PEXA makes the experience of selling easier for you. With PEXA, there is no longer any need to physically obtain and sign a paper transfer document.
PEXA’s automatic online document checks give you greater certainty that your settlement will occur as scheduled, allowing you to take ownership of your new property.
Peace of mind.
In the manual world, documents registering your ownership are typically not lodged until days or sometimes weeks after settlement. With PEXA, this happens instantly giving you peace of mind.
No more bank cheques.
PEXA eliminates the need for bank cheques, saving you time and money.
Whether you are buying or selling, SettleMe lets you track the status of your settlement in real-time for free.
The origins of e-Conveyancing
e-Conveyancing is an initiative championed by the property industry to simplify and digitise the complex process of property exchange. Instigated by the Council of Australian Governments (COAG), it’s built around an online network of members supported by PEXA.
To ensure the integrity of the network, the Australian Registrars’ National Electronic Conveyancing Council (ARNECC) has developed a regulatory framework, under which PEXA operates. Industry safeguards include the Participation Agreement, Verification of Identity (VOI) and Digital Certificates.
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