We know it’s likely you have a high number of transactions to be settled by June 30, as we approach the busy End of Financial Year period. We usually see transactions peak in the last week of June and this year will be no different. During this important period, it’s important we all work together to ensure the smoothest possible path to settlement, for peers and our clients.
To help get clients into their new homes, sell their current homes, and/or settle other important property matters before this date, we want to help you reduce stress and be well prepared.
We’ve developed some quick tips to help you beat the rush:
- Send Workspace invitations early, at least 10 business days out from settlement.
- Create the Transfer document when the workspace is created or invitation is accepted.
- Finalise the Total Funds Required to Settle (TFRS) 3+ days out, or 5+ days if using the PEXA Source Account (these time frames area a guide only and may not be achievable in your jurisdiction).
- Finalist payment directions at least 24 hours prior to settlement.
- Avoid booking settlements between 12pm and 2pm AEST wherever possible. These are the most popular time slots, so consider selecting a different time.
To find out more, see the PEXA Transfer Guidelines FAQs and the Bank Transfer Checklists:
Link to Transfer Guidelines
Link to Bank Transfer Checklists
Many thanks
Rebecca Soper
