New to property settlements, or just want to know what to expect? Here are answers to some of the questions we hear most often. If yours isn’t here, give Sam a call — he’s always happy to talk it through.
What does a settlement agent actually do?
A settlement agent (also called a conveyancer) handles the legal and administrative process of transferring property ownership from one person to another. This includes preparing and lodging documents, liaising with banks and financiers, coordinating with the other party's representative, and ensuring the transaction settles on time and in full compliance with WA law.
Do I need a settlement agent if I'm buying or selling?
In Western Australia, it's not technically a legal requirement, but it's strongly advisable. Property transactions involve complex documentation, strict timelines and significant financial risk. A licensed settlement agent ensures everything is done correctly and protects your interests throughout the process. Most buyers and sellers engage an agent as a matter of course.
What's the difference between a settlement agent and a conveyancer?
In WA, the terms are used interchangeably. Settlement agents are licensed under the Settlement Agents Act 1981 and are specifically trained to handle WA property transactions. Solicitors and lawyers can also conduct conveyancing in WA, but settlement agents often offer a more focused and cost-effective service for residential and commercial transactions.
How long does settlement take?
Standard residential settlements in WA typically take 30 to 60 days from the date of signing the contract, depending on finance conditions and the preferences of both parties. Commercial settlements can vary more widely. Sam can give you a realistic timeline based on your specific circumstances.
Can I complete my settlement online?
Yes! We use secure digital platforms to manage all documentation electronically, which means you don't need to come into an office or post anything. If you'd prefer to meet face to face, that's also available. Many clients use a mix of both.
What happens on settlement day?
On settlement day, Winter Settlements coordinates with all relevant parties, your bank or financier, the other party's settlement agent and their lender to ensure funds are transferred and documents are lodged simultaneously. Once settlement is confirmed, ownership formally changes hands and you'll be notified immediately. The whole process typically happens in the background, you often won't need to do anything at all.
Can you help with a deceased estate?
Yes. Deceased estate property transfers are one of our specialist areas. We work with executors and beneficiaries to guide the process as clearly and gently as possible, handling all the documentation and liaising with relevant parties on your behalf.
What does it cost?
Our fees are competitive and transparent. The exact cost will depend on the nature and complexity of your transaction. Contact Sam for a clear, no-obligation quote, there are no hidden fees and no surprises.
Where are you based?
Do you work across all of Perth? We're based in the Perth Hills (Swan View) but work with clients across Perth and WA. Because we operate a secure online service, geography is rarely a barrier, we can assist you wherever you're located.