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.
To find out more, see the Transfer Guidelines FAQs.
These will be shown in the PEXA platform and on our Facebook and Instagram pages. Or, contact us for more information.
For more information on settlement and lodgment availability over the holiday period, see this post for all States, or QLD specific information.
Thanks,
The PEXA team
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