Contract Exchange vs. Settlement

Newcastle Buyers Agent - property investment training course and first home buyers support - Exchange, Cooling off & Settlement

When you first agree to buy a property, your offer and the vendor’s acceptance of that offer is not binding until both buyer and seller have exchanged contracts, but you’re not finished until settlement occurs. 

There are always technicalities during this “Cooling Off” stage so it helps to be aware of the process. It can be nerve racking for first home owners.

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