Why Settle Property Online?
Advantages of digital property settlements
Your buying or selling journey starts journey online – with website searches, mortgage calculators and other online tools. However, until recently, the conveyancing process was mostly completed offline. Paperwork and postage increased the risk of errors and delays. 20% of settlements were delayed a median of seven days and 25% of these customers suffered financially.
These findings are captured in a specially commissioned, PwC Digital Property Report.
Digital property settlements helps streamline the process for buying and selling property.
PEXA benefits for property sellers
-
Greater certainty
Manual processing is prone to error. Your lawyer or conveyancer will use PEXA's online document checks bring you greater certainty of successful, on-time settlement.
-
Get your money fast & securely
Sellers are recommended to use the PEXA Key app to track their settlement and securely transfer bank account details to the PEXA platform your conveyancer or lawyer uses. Your sale proceeds will be processed digitally as cleared funds to your nominated accounts.
-
Easier for you
PEXA makes the experience of settling easier for you. With PEXA, there is no longer any need to physically obtain and sign a paper transfer document.
PEXA benefits for property buyers
-
On-time property settlement
PEXA's digital document checks give you greater certainty that your settlement will complete as scheduled, so you can get the keys to your new property and move in as planned.
-
Peace of mind
In the manual world, documents registering your ownership are typically not lodged until days or sometimes weeks after settlement. With PEXA, this happens instantly giving you peace of mind.
-
No more bank cheques
PEXA eliminates the need for bank cheques, saving you time and money.
