Electronic conveyancing benefits everyone

Conveyancers

  • When transacting electronically, a conveyancer does not have to personally attend a settlement to exchange cheques and documents – everything is done online.
  • With eConveyancing errors can be corrected up until the last moment, reducing the changes of a settlement needing to be rescheduled.
  • Disbursement of funds to all parties happens immediately, electronically, rather than waiting three days for cheques to clear.

Financial institutions

  • With up to 25 percent of paper-lodged settlements falling over due to inaccuracy, eConveyancing provides more accurate and efficient lodgement meaning less risk, less time wasted and money.

Buyers and sellers

E-conveyancing saves time and money

  • Settlement of a property can be stressful: eConveyancing makes it more transparent for the consumer, faster and more likely to proceed without issue.
  • With eConveyancing, errors can be corrected up until the last moment, reducing the chances of a settlement needing to be rescheduled.
  • Buyers and sellers can watch the settlement happen in real time through a specialised app that can be downloaded at no charge.

Regional conveyancers, buyers & sellers

  • When transacting electronically, a conveyancer does not have to personally attend a settlement to exchange cheques and documents – everything is done online. This is of great benefit to regional stakeholders who would normally need to spend considerable time and money attending settlements in Perth or paying a third party to attend.
  • Paper based settlements are only able to take place in Perth. This creates increased costs and time for our regional conveyancers and their customers.

This page was last updated on: 09 Oct 2018