Why our clients love PEXA
Sep 21, 2017PEXA ("Property Exchange Australia") is the new electronic property settlement portal, making life easier for solicitors and conveyancers, but what are the benefits to you as a client?
To name just a few:
- Less room for error - There is less chance of issues arising at settlement causing delays, because all documents are viewed and checked by the parties’ representatives before settlement, and there is no need for documents and cheques to be physically presented at a certain place at a particular time in order for settlement to take place.
- No cheque fees - all funds are transferred electronically in real time therefore there are no more clumsy bank cheques to be physically drawn the day before settlement and sent into the city to be presented at settlement.
- Immediate registration - Following settlement of a property purchase, the client will be registered as the owner of the property within a matter of hours instead of weeks.
- Immediate access to funds - Following settlement of a property sale, the client will receive their money in their nominated bank account within hours instead of having to wait for bank cheques to return from settlement (usually the next business day), and then having to deposit the cheque and wait the standard 3 business days for the funds to clear.
These are just a handful of the reasons PEXA is making the settlement process quicker and easier for all involved.
As a registered member of PEXA Shire Legal is able to settle your property matters electronically and is more than happy to answer any questions you may have about the process.
Contact the Shire Legal team if you have any questions.
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