Replay Ep23: Josh Hommelhoff - The Pros and Cons of Short and Long Settlements

2022-11-17

The settlement of a property can make or break the buying and selling process. For some, it could mean bridging finance, for others, it might mean renting something for the short term. No matter what, it can cost if it all goes wrong. Settlement terms are always one of the deciding factors that could mean that the property is sold to you, or maybe someone else. We have Josh Hommelhoff from Ray White Carnegie to give us the know how on what's the good, the bad and the ugly in terms of property settlements. 1. What is a settlement? 2. What is the average length of a settlement? 3. What do we...

1. What is a settlement?

2. What is the average length of a settlement?

3. What do we need to achieve in a settlement?

4. What are the pros and cons of a short settlement?

a) how quickly can a settlement occur, knowing how much needs to be done to get the settlement through?

b) why would buyers or sellers choose a short settlement?

c) do you have any examples of a short settlement?

5. What are the pros and cons of a long settlement?

a) can long settlements have additional terms, like more deposit or more repayments?

b) can long term settlements be for years, not months?

c) why would buyers choose a long settlement?

d) do you have any examples of a long settlement?