In this episode, we delve into the financial aspects of selling a house, specifically, when and how you get paid from the sale.
We begin by discussing the reasons why people are keen to get the money quickly, such as needing the cash to pay a deposit on their next property.
We then break down the selling process, shedding light on when you actually get paid.
You'll also learn what happens on settlement day, when the balance of the property price is paid.
Main topics discussed:
- House Selling Process
- Deposit Payments
- Real Estate Agent Commission
- Legal Aspects
- Settlement Day
We also mention our upcoming property investment bootcamp. This is in Christchurch on Saturday 29th July from 1 – 3pm. It's free to register. Click the link to book your free ticket.
The Property Academy Podcast