Question 1

What is the difference between a conveyancer and a settlement agent in WA?

Accepted Answer

In WA, settlement agent and conveyancer are often used interchangeably. Both are licensed professionals who prepare documents, check titles, liaise with banks, and complete property or business settlements. The difference is that a lawyer in WA  can also provide broader legal advice and services, whereas a licensed settlement agent focuses specifically on the settlement process.

Question 2

What does a settlement agent in Perth do?

Accepted Answer

A settlement agent in Perth manages the legal and financial process of transferring property or business ownership. This includes reviewing contracts, checking the certificate of title, preparing documents, liaising with banks and brokers, and completing settlement so ownership can be transferred correctly and on time.

Question 3

Are settlement agent fees regulated in WA?

Accepted Answer

No. Settlement agent fees in WA are not regulated, so costs can vary between providers. That’s why it’s important to choose an experienced settlement agent who provides clear, itemised estimates upfront — so you know exactly what you’re paying for and can be confident your settlement is completed smoothly.

Question 4

How much does a conveyancer and settlement agent cost in Perth?

Accepted Answer

Costs vary depending on the complexity of the property or business transaction. Fees may include conveyancer fees, settlement agent fees, PEXA fees, title searches, and government charges. Strand provides clear, itemised estimates upfront so you understand the likely costs before your settlement proceeds.

Question 5

How long does a property settlement take in WA?

Accepted Answer

Most residential and commercial property settlements in WA are set at 6–8 weeks under the contract, though the exact timing depends on the terms of sale. Residential settlements usually proceed within this timeframe, while commercial settlements can take longer due to added requirements like lease assignments, zoning checks, or complex finance. With PEXA digital settlements, funds are typically available within 24–48 hours after completion.

Question 6

When should I engage a conveyancer during the buying process in Perth?

Accepted Answer

It’s not compulsory to engage a conveyancer before signing, but it’s best to do so as early as possible. Many people appoint a conveyancer once the contract is signed, but involving one sooner means they can review the contract, identify risks, and guide you before you commit — helping to avoid costly delays or errors later.

Question 7

Do conveyancers in WA use PEXA for digital settlements?

Accepted Answer

Many conveyancers in WA now use PEXA, but not all firms have embraced it fully. At Strand, we use PEXA for every eligible settlement, giving clients faster, more secure outcomes — with funds typically available within 24–48 hours once settlement is complete. Our expertise with digital settlements means fewer delays, greater accuracy, and quicker access to your money.

Question 8

Do I need a lawyer as well as a business settlement agent in Perth?

Accepted Answer

In most straightforward cases, a licensed business settlement agent can complete the transfer of ownership. However, if your business sale involves complex contracts, structuring, or disputes, a business lawyer can provide additional legal advice alongside the settlement process. Strand offers both settlement agents and lawyers in Perth and Manjimup, so you’re supported on every front.

Question 9

How long does a business settlement take in Perth?

Accepted Answer

The timeframe varies depending on the complexity of the sale. Most business settlements in Perth take 6 – 8 weeks, though larger or more complex transactions may take longer due to additional contracts, licences, or regulatory approvals.

Question 10

Can a property settlement agent handle private sales in Perth?

Accepted Answer

Yes. A property settlement agent can prepare and manage all the required documentation for a private sale (where no real estate agent is involved). This ensures the transfer of ownership is legally sound and completed smoothly.

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