Buying guide
What happens on settlement day?
What to expect.
AI summary
Settlement day is the final step in the home buying process. On this day, your lawyer transfers the outstanding balance to the seller's lawyer, the property title is officially transferred into your name, and you collect the keys.
Beforehand, it's crucial to complete a pre-settlement inspection to ensure the property is in the agreed-upon condition. While you can move in immediately, consider planning your move for the following day to avoid stress from potential delays like slow bank processing.
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?
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