Settling the sale and the purchase together

Same-day, simultaneous, deposit bond. The three patterns for moving the money cleanly between two contracts in different states.

9 min readBy Sarah ChenStage 4 of 5

Two contracts, one bank account, one removalist, one school enrolment date, this is where the project plan matters.

Same-day vs simultaneous settlement

Same-day: morning settle on sale, afternoon settle on purchase. Simultaneous: both lock at PEXA at once. Deposit bond: avoids needing 10% cash for the new purchase deposit before sale settles.

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