Buying guide
What happens on settlement day?
What to expect.
AI summary
Settlement day is the final step in buying a home. After completing your crucial pre-settlement inspection, your lawyer transfers the final payment to the seller’s lawyer.
Once funds clear, you collect the keys from the agent or lawyer. The property title is then officially transferred into your name, completing the legal ownership change.
While you can move in immediately, it's wise to plan for the day after to avoid potential delays from banks or last-minute property issues.
Your settlement day checklist
1. The balance is paid.
2. The key handover
3. The document handover
Your lawyer will have an important role to play on settlement day.
Is settlement date the day you move in?
What could go wrong on settlement day?
Author
Discover More
A bespoke Mid-century masterpiece in the heart of Titirangi
Bespoke 4-bed mid-century architectural masterpiece in Titirangi bush, complete with a sauna, plunge pool, and privacy.
From bus commute to $10,000 an hour: How last year’s Hunt for the Hundy winner scored $100k
George spent 20 mins a day playing Hunt for the Hundy on Trade Me Property and won $100k. Here is how he spent it.
Search
Other articles you might like
