What is PEXA?
PEXA is Australia’s online property exchange platform and Vicki Philipoff Settlements are ready willing and able to settle for our clients electronically using the PEXA system.
Additional fees of $112.64 including GST apply. These fees are payable on settlement and the fee is payable to PEXA.
As of the 1st December, 2018 Electronic lodgement is mandated, which means that the buyer and seller will have no choice to settle manually, unless their transaction is ineligible to settle electronically. We will inform you if this is the case when we complete your settlement.
Even if you would like to settle the PEXA way, it still may not be able to happen for various reasons. For example, even though we are registered to use PEXA, not all Banks, Solicitors and Conveyancing Companies are registered to use PEXA. Even if all parties involved in your settlement are registered, PEXA cannot settle all types of Conveyancing documents at this stage.
What is the difference?