A caution to people in the real-estate market when shopping for a cheap settlement agent service. Cutting costs on an already reasonably priced service can be playing roulette with one of your biggest life transactions.
The expression "you get what you pay for" is very apt for the settlement service industry. Problems frequently arise when costs are slashed as staffing and service levels are compromised to make up for the lack of funds. Less experienced and unqualified staff can be handling your settlement, compromising the effective execution of the many procedural matters that regularly arise with this important legal and financial transaction. It is important to ask your settlement agent who will be handling your transaction.
Just like the medical profession, Conveyancers are a service based profession where more experienced and qualified staff rightly command a higher fee. The reality is that your settlement will usually be done more efficiently and effectively and this is results in savings on your stress and pocket.
At A1 Conveyancing, we are so confident in our excellent service levels that we offer all our clients a money back guarantee on the professional fee.
Professional, Personalised, Flexible and Efficient
A1 Conveyancing is "Real Service with a Real Smile" P: 08 9300 9750
Some more news as it comes to hand...
Further to previous overseas fraudulent sale occurrence and some "on the run policy" issue from Landgate there has been lengthy discussions with Landgate, the Department of Commerce, REIWA & AICWA recently to discuss the recent Landgate procedure changes along with further changes which will occur shortly to reduce the risk of identity fraud in property transactions.
There is a comprehensive approach being taken, guidelines and Code of Conduct changes will be announced shortly, including requirements for Real Estate Agents to identify clients prior to signing contracts and Settlement Agents identifying clients independently from Real Estate Agents.
There has been lengthy discussions which are ongoing to provide a practical solution to make the opportunity for fraud less, including further development of the governments National Document Verification System (DVS).
Details will be released shortly, the Institutes fought hard to ensure a practical solution and a lead in time for implementation.
It is also more than likely going to bring forward the deregulation of Settlement Agent fees (a requirement under National Licensing).
With regards an ETA from my understanding, the Minister has given 3 weeks for a proposal to be put together. The Code of Conduct changes have been sent to the Legislative writers and should take about three weeks. So I would imagine that within about a month the changes will be announced. So watch this space...
Keep me updated, join us here...