Burke & Associates Lawyers completes a paperless transaction – Electronic Contracts through to Electronic Settlements
Burke Lawyers pride itself in being on the cutting edge with technology and have embraced the technology to digitally exchange Contracts of Sale and arrange for settlement electronically via the platform known as PEXA.
What this means for Estate Agents
- Save costs and time as you will not need to print, bind and collate Contracts and Vendor’s Statement
- Vendor’s Statement is signed before it reaches you
- No more completing numerous copies of sale documents after the property sells
- Less mistakes made
- Close a deal much faster as the Contract can be signed anywhere in the world
- After the contract has been signed, all parties will automatically receive a completed signed copy of the Contract by email so no more manual process of photocopying and mailing to all parties
Click here to view a video on electronic contracts and how it works.
If you wish for us to provide your agency with a free demonstration on electronic signing of contracts, please contact us.
What this means for Vendors
- We are able to settle electronically
- After settlement, you will be able to receive cleared funds in your pocket on the same day as opposed to waiting for the bank cheques to clear after 3 days
- Reduced possibility of settlement failure
- Land Titles Office fee is reduced with electronic lodgements
- Faster settlement
What this means for Purchasers
- We are able to settle electronically
- Avoid penalties for breach of contract as some contracts require electronic settlement
- Reduced possibility of settlement failure
- Immediate lodgement with the Land Titles Office to register the Purchaser/s on Title
- Cheaper Land Titles Office lodgement fees
- Faster settlement
