In the run up to the end of year, we know it’s likely you have a high number of transactions to be settled (before hopefully you take a break with some well-deserved leave). We usually see transactions peak in the two weeks before Christmas, and this year will be no different.
To help get your clients into their new homes, sell their previous ones and/or settle other important property matters before the holidays, we want to help you reduce stress and be well prepared.
We have developed some tips on how to do this, including:
Send workspace invitations early, at least 10+ days out from settlement
Create Transfer document when Workspace is created or invitation is accepted
Finalise the Total Funds Required to Settle (TFRS) 3+ days out, or 5+ days if using a PEXA Trust Account (these time frames are a guide only and may not be achievable in your jurisdiction)
Finalise Payment Directions at least 24 hours prior to settlement
12pm and 2pm AEST are popular time slots for settlements. To avoid the end of year rush, consider selecting a different time.