Buying guide
What happens on settlement day?
What to expect.
AI summary
Settlement day is the final step in buying a home. Beforehand, ensure you've completed a pre-settlement inspection to confirm the property's condition is as agreed in the contract.
On the day, your lawyer transfers the final payment to the seller. Once cleared, you collect the keys from the agent or lawyer, and the property title is officially transferred to your name.
While you can move in immediately, it's wise to wait a day for potential delays from banks or last-minute 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?
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