Conveyancing is becoming electronic through PEXA (Property Exchange Australia). PEXA is a secure online settlement room where Lawyers, Conveyancers, Land Registries and financial institutions communicate. It provides safer, faster and more efficient settlements: Some of the benefits: Funds are transferred electronically on the day of settlement. NO MORE BANK CHEQUES Vendor has cleared funds into their bank account on the day of settlement Title is transferred into the purchaser’s names within 24 hours of settlement. Council, Valuer General etc are advised within 24 hours of the new owner’s details. No … Continue reading PEXA – the Future for Conveyancing