A question we often get asked is whether conveyancing can be done entirely online. The short answer is yes, it can. With the advancement of technology, many conveyancers and legal firms, now offer online services for the buying and selling of property. This includes electronic signing of documents and online communication with clients (just search Peta Stewart in the app store to download our app that tracks your matter from start to finish).
However, it is important to note that while many aspects of conveyancing can be done online, some steps may still require in-person interactions either in our office or via Zoom. This includes having a consultation to go over your contract and point out anything out of the ordinary, which also gives you an opportunity to ask questions about the contract and settlement process.
Online Conveyancing Platforms
One of the most popular online conveyancing platforms in Australia is PEXA (Property Exchange Australia). PEXA is a digital platform that allows conveyancers and legal professionals to complete property transactions entirely online. This includes electronic lodgement of documents, electronic signing of documents and online communication with clients.
PEXA is currently available in Victoria, New South Wales, Queensland, South Australia, and Western Australia, and is set to be rolled out to other states in the future. It is a secure platform that is approved by state governments and is backed by the Australian Banking Association.
Benefits of Online Conveyancing
Online conveyancing has many benefits, both for conveyancers and clients. One of the main benefits is the convenience it offers. Clients no longer have to take time off work or travel long distances to meet with a conveyancer or attend a settlement. Everything can be done online, from the comfort of their own home.
Another benefit of online conveyancing is the speed at which transactions can be completed. With the use of online platforms such as PEXA, documents can be lodged, signed and exchanged electronically, which greatly reduces the time it takes to complete a transaction. This can be especially beneficial for clients who are in a rush to buy or sell a property.
Online conveyancing also offers a more cost-effective option for clients. With the use of online platforms, the need for physical document storage is reduced, which in turn reduces the cost of conveyancing services.
Online Conveyancing Security Concerns
As with any online transaction, there are security concerns when it comes to online conveyancing. However, online conveyancing platforms such as PEXA have been designed with security in mind. They use the latest security protocols to ensure that client information and documents are kept safe and secure.
Additionally, online conveyancing platforms are approved by state governments and are backed by the Australian Banking Association, which further adds to their security.
Can Conveyancing Be Done Online? - Conclusion
In conclusion, online conveyancing is a viable option for the buying and selling of property in Australia. With the use of online platforms such as PEXA, conveyancing can be done entirely online, offering convenience, speed, and cost-effectiveness to clients. While some steps of the conveyancing process may still require in-person interactions, the majority can be done online.
If you have any further questions or would like to know more about how online conveyancing worls, please book your free consultation today.
Can Conveyancing Be Done Online? - FAQs
Can I complete the entire conveyancing process online?
While many aspects of conveyancing can be done online, some steps may still require in-person interactions in our office or via Zoom. However, with the use of online platforms such as PEXA, the majority of the conveyancing process can be completed entirely online.
What are the benefits of online conveyancing?
Online conveyancing offers convenience, speed, and cost-effectiveness to clients. It eliminates the need for clients to take time off work or travel long distances to meet with a conveyancer or attend a settlement. Online conveyancing also reduces the time it takes to complete a transaction, and reduces the cost of conveyancing services.
Are there any security concerns with online conveyancing?
Online conveyancing platforms such as PEXA have been designed with security in mind and use the latest security protocols to ensure that client information and documents are kept safe and secure. Additionally, online conveyancing platforms are approved by state governments and are backed by the Australian Banking Association, which further adds to their security.
Can I contact a conveyancer for more information about online conveyancing?
Yes, if you have any further questions or would like to know more about a conveyancer's online conveyancing services, you can contact us for more information.
