When managing the sale of a property there are some handy do’s and don’ts to ensure the process is smooth with no costly hiccups.
By following the below steps, you are in the best position for the settlement to go through without a fuss, and on time. Keeping everyone in the process happy. And paid!
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Breakdown items
Provide a clear and concise breakdown of settlement items that can be seen and approved at a glance.
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Keep us informed
Pre-advise that a settlement is coming though so our team can prepare and be on deck at the right time.
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Be on time
Try and time settlement as early as possible. Don’t leave it till 3.45pm as it won’t be processed – hence mayhem on your hands.
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Avoid instant payments
Try to avoid instant payments for dual settlements. It costs more and more chances that something will go wrong. It usually does.
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Stay secure
Ensure you get bank details and enter them directly into the software. Don’t send them via email – this just opens up the door for hackers and comprises your security.
Jane Morgan is the Director of End of Month Angels, a consultancy firm specialising in Trust Accounting. Jane knows the legislative requirements of running a successful Real Estate office through her 26 years’ industry experience. Don’t trust just anyone with your trust accounting. Book an appointment with an End of Month Angel today.