During these unprecedented times it is important to consider the type of Law Firm you engage to handle your conveyancing transactions.
If you are in the process of buying or selling a property in this market it is important to consider how your settlement will best take place in accordance with Social Distancing health requirements.
In order to get this done to the best of social distancing standards we would recommend only using a Firm who is Registered and actively already uses the online settlements platform known as PEXA.
Some Firms in Queensland have resisted this platform although it is mandated in states such as NSW for quite some time and now more than even it is so important to consider requesting for your settlement to be done electronically.
With the electronic settlement there is no need for physical contact with representatives at a settlement venue, there are no physical bank cheques for risk of contamination to multiple parties and no need for an original Transfer.
One of the best advantages is that all parties receive cleared funds the same say of settlement which means no banking or 3 business day delays waiting for cheques to clear.
This is the best way forward to push the Queensland legal profession into the future and ensure that you ask your Lawyer if they are registered and actively using PEXA before signing up for their services.
Here at Real Conveyancing we have been actively using PEXA for two years and are confident in its abilities.
Please contact our office for further information on Online Settlements and how we can help you