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      4 Benefits Of e-Conveyancing You Should Know About

      4 Benefits Of e-Conveyancing You Should Know About

      e-conveyancing benefits

      In a historic law passed by the Australian government, e-conveyancing has been made mandatory from December 1st of 2018. The introduction of this new technology is all set to make buying and selling of properties easier, faster and more conveniently.

      What is e-conveyancing?
      The processing of all property transactions electronically is known as e-conveyancing. Since manually filing these will cost you a lot of time and money, the Australian government set up the electronic system, which is also known as PEXA (Property Exchange Australia Limited). The PEXA system allows monetary and legal processes relating to a house sale get completed online.

      The system is exclusive for the real estate conveyancer Perth based, lawyers and financial institutions who can submit all legal documents for transfer of property and funds electronically. This reduces manual paperwork significantly rendering it as a convenient and beneficial process.

      Advantages of E-conveyancing
      It is pivotal to notice here that there are significant benefits for the sellers because not only does the process gets completed within a few weeks of time, but they do not have to wait for the cheques to clear. To utilize and understand the benefits well here has been summarised the benefits of e-conveyancing.

      1. Convenient to Use
      Selling a property means having to sign lots of paperwork. But with e-conveyancing, paperwork is reduced. The process becomes simpler and more convenient.

      2. Constant Notifications
      Another seeming advantage of e-conveyancing is the otherwise stressful process becomes easy for constant updates are received by the vendors. Waiting for the sale to process is nerve-wracking. But with e-conveyancing, constant updates can be opted in to received via email and text, thus keeping the vendors informed about every step. This also reduces the time required to follow up with the people involved.

      3. Safe to Use
      Unlike the manual process, electronic transfers are safer to use. All the financial transactions are completed online. Everything happens online and a record of it is maintained. This makes the electronic system very safe to use, giving the vendors peace of mind. The security of the system is constantly being updated to ensure the safety of the users.

      4. Quick Transactions
      When you lodged all the papers manually, the process can take weeks to complete. Also, manual lodgement involves numerous steps to complete. However, with e-conveyancing, the process of transferring the house and funds get completed quicker.

      To conclude, it can be easily deduced that e-conveyancing is a more efficient process and makes the transfer of homes a better process. You can opt for e-conveyancing services WA based from leading agents at a price which is affordable. Keep the benefits of e-conveyancing in mind and make your home transfer easier and better.

      • 11 Dec 2018
      • waterwaysconveyancing
      • Post Tags:
      • conveyancing services WA
      • e-conveyancing advantages
      • e-conveyancing benefits
      • e-conveyancing services WA
      • electronic conveyancing
      • PEXA
      • property conveyancing Perth
      • real estate conveyancer Perth
      • real estate settlement WA
      • settlement services WA
      • Posted In:
      • E-Conveyancing
      AUTHOR

      waterwaysconveyancing

      All stories by: waterwaysconveyancing
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      11 comments
      • Isla
        28 Dec 2018 at 10:46 am
        REPLY

        Thanks Waterways Conveyancing for posting such an informative article on electronic conveyancing. It goes without saying that PEXA will make the whole process of conveyancing much simpler and efficient.

      • Charles
        28 Dec 2018 at 12:13 pm
        REPLY

        PEXA is going to revolutionise property transaction for all due to its fast, streamline, and convenient way of dealing with the sale or purchase of the property.

      • David
        30 Dec 2018 at 9:30 am
        REPLY

        Thanks to PEXA, now it is possible to sell or buy a property without the need to lodge all the papers manually, which take weeks to complete. PEXA is a smart choice indeed.

      • Norah
        29 Jan 2019 at 12:46 pm
        REPLY

        Thanks for the update on e-conveyancing. Electronic conveyancing is now the standard settlement process in Western Australia, replacing the lengthy paper-based settlement process that’s been in use for over a century.

      • Alex
        31 Jan 2019 at 12:45 pm
        REPLY

        With the introduction of the new e-conveyancing, all lodgement case consisting of eligible discharges, caveats and withdrawal of caveats, transfers, mortgages as well as new eligible, stand-alone transfers, caveats and withdrawal of caveats have to be lodged electronically.

      • Dean Phillips
        26 Feb 2019 at 3:06 am
        REPLY

        I had no idea that the processing of all property transactions electronically was known as e-conveyancing. My father has been trying to sell his home so that he can buy a smaller one that doesn’t have as many steps that put stress on his knees. It would probably be more beneficial for him to hire a professional conveyancer to help him since he is not that proficient with electronics.

      • Dave Anderson
        08 Apr 2019 at 8:53 pm
        REPLY

        That is nice that a stressful process can become easy with conveyancing. That is something that I would want to have if I were needing help with my real estate. This is something that I am going to have to look into getting sometime soon.

      • Dave Anderson
        22 Apr 2019 at 9:29 pm
        REPLY

        That is really nice the vendors can be constantly updated. That is something I would want if there were to be some conveyancing done for me. Maybe it would be good to look into getting professional conveyancing sometime soon.

      • Jerremy
        25 May 2019 at 10:05 am
        REPLY

        Your blog on ‘Benefits of E-Conveyancing’ made an excellent read. I have been listening about e-conveyancing for a long time, but did not have a clear understanding of it. Now when I purchase a property, I will be in a better position to use the services.

      • Thomas Jameson
        31 May 2019 at 6:39 pm
        REPLY

        It’s good to know that conveyancing can be done in a convenient online format. My brother needs to have some conveyancing done but doesn’t want to put up with the hassle of doing it in person. I’ll pass this information along to him for his benefit.

      • Lacy
        22 Jun 2019 at 10:58 am
        REPLY

        A nice blog about e-conveyancing. Previously I was skeptical about this newly introduced technology but this blog has cleared all my doubts. This blog has given me enough confidence to give e conveyancing a try for my next property selling venture. A great read indeed!

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      Specialising in real estate conveyancing and settlements, the business has grown to become the largest independent settlement agency in WA’s Peel Region.

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