Digital Conveyancing - PEXA
Connolly Suthers has held a strong reputation in North Queensland for over 120 years by combining extensively trained and experienced legal practitioners with state-of-the-art communications and technology so it's no surprise that we have jumped onboard with Property Exchange Australia - PEXA.
No matter where our clients are we can provide them with an e-Conveyancing platform minimising paper processes and allowing transactions to be executed anywhere in the world. Put simply, e-Conveyancing refers to settling a conveyancing transaction through an electronic lodgement network operator and replaces the need to physically attend settlement by allowing Land Registries, financial institutions and practitioners to transact together online.
Of course, we still carry out our normal conveyancing process but we believe it's important to provide our clients with the flexibility of having a digital option.
The benefits of transacting electronically are pretty great. For example, you get your money faster – unlike settling around a table and swapping cheques and documents, the settlement funds are paid into your account and cleared instantly.
There are fees involved to transact within PEXA which are payable by both the Seller and the Buyer to a transaction. Contact us to find out more about the costs involved in transacting in PEXA.
Settling through an electronic platform has revolutionsed property conveyancing as we know it.