Digital property settlements are facilitated by PEXA, an online lodgement and settlement platform used by lawyers, conveyancers and banks to securely complete property transactions.
Online property settlement provides many benefits:
Electronic document signing – Your lawyer or conveyancer can complete document signing electronically on your behalf. This eliminates missing or mismatched signatures that could cause delays, and means you don’t need to physically be present during the process.
Sharing documents – No more documents being misplaced or lost in the mail – all settlement documents are digital and sharedonline amongst the relevant parties.
Less errors and delays – Manual processing is prone to error and delays. PEXA’s online document checks provide greater certainty of an on-time and low-stress settlement.
Get your money… fast – Online settlement eliminates the need for bank cheques, saving you time, money and hassles. Sale proceeds are processed as cleared funds to your nominated accounts.
Instant lodgement – The lodgement of documents to transfer ownership happens instantly with online settlement, not days or weeks after settlement as with manual processing.
Easier for you – Finally, online settlement means there’s no longer any need to spend time physically obtaining and signing a paper transfer document. Your appointed lawyer or conveyancer represents you online using the PEXA platform.