05 Nov How to Calculate Due Dates in Real Estate
Worried about how to calculate due dates in real estate transactions? Don’t be, here Henry shows you a way to stay on top of your timeline and never miss a due date.
“Hi, I’m Henry Wong. We’re here to calculate due dates. Say for example I’m looking at selling my property and I’ve just received a contract, I’ve signed it, the buyer’s finance is due in 21 days. We can go to Google and type in the search terms date calculator. Now we click on this link, calculator, the top link. And you click on today, so today’s date at this time of recording is 15th of October, 2019. We’ll add 21 days, calculate new date. The due date of the finance is Tuesday the 5th of November, 2019. Now we want to double check one more thing.
We go to Google again and we type in Australia calendar. Click on this link. Now we go back and we’d see what the result was. The due for the finance is Tuesday the 5th of November. So that’s 21 days from the 15th of October. So we look at Tuesday, 5th of November, over here, Australia calendar, Tuesday the 5th of November. Is that a public holiday? No, it’s not. See, when you scroll down over here, you check out all these dates. You see if 5th of November, is that a public holiday?
Now these holidays are also including public holidays in different states and territories, so make sure it doesn’t coincide. Say for example the due date, 5th of November, is a public holiday hypothetically speaking, then the due date will become the 6th of November. So that’s why we always have to check the Australia calendar as well after our calculation over here. Now you can do the same thing, for example, if the building and pest is due in seven days from today’s date. So we type seven days, calculate new date. The due date is Tuesday the 22nd of October, 2019. So we click on this tab, Australian calendar. Now if we look at the result again to remind ourselves Tuesday the 22nd of October, 2019 and we see the 22nd of October, it’s all in black. Is there a 22nd of October as a holiday over here? No, it’s not. So that is the due date for our building and pest. So there you have it, this is a quick and simple way to calculate due dates. If you have any questions whatsoever, feel free to contact us.”