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real estate settlement company

The Hows and Whys of Electronic Property Settlement in WA

electronic conveyancing

What is this hype about electronic conveyancing? What is wrong with the manual paperwork that has been practised over the years? Well, if you are not aware, e-conveyancing is going to be mandatory from December, this year. All the settlement services in WAare educating themselves with the new concept to provide seamless services to their clients. Now, why the Australian Government took this decision and what was wrong with the previous methods of conveyancing via the paper-based system, has stirred a lot of debate. The main reasons for this change of medium can be attributed to faster transactions, greater certainty,…

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How Would You Define The Process Of Residential Settlement?

residential property settlements

The real estate settlement process is the mechanism of title (ownership) exchange in lieu of money. This may sound simple but it is not. In Western Australia, a written offer for the purchase of property is made to the seller. This offer is placed by the buyer. After the seller accepts the letter, a contract of Offer and Acceptance for the Purchase and Sale of Land is framed. In a majority of the cases, the contract of sale is signed off by the buyer and the seller before the property is settled. There are 2 sections of standard residential sales…

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