How Long-Term House Settlements Work in Melbourne

The RealFuture difference

The process of buying and selling property with RealFuture is just like buying or selling any property in Australia. With a few important contract differences that make all the difference to you.

RealFuture uses a network of licenced real estate agents to list, show and sell the properties you can find on our website. What makes our sale structure unique is a long settlement term between vendor and purchaser. This helps open up a world of new possibilities.

Long settlement term

Set by the vendor, this is between one and three years (12 – 36 months) and is the key to providing more choice, options and possibilities to both vendors and purchasers. Standard sale contracts usually require short settlements of 30 to 90 days which generate significant stress when buying and selling. A longer settlement allows vendors to access equity while remaining in their home; while purchasers have more time to save and get their finances in order prior to settlement.

10% deposit

When contracts are exchanged a 10% deposit is paid. The deposit is released to the vendor, providing access to cash which can be used for lifestyle reasons (travel, new car, caravan, investment etc.) or for a deposit to secure their next home.

This feature of the RealFuture contract is ideal for vendors who don’t want to borrow or take out a reverse mortgage.