Buying guide
What happens on settlement day?
What to expect.
AI summary
On settlement day, your lawyer transfers the final payment to the vendor's lawyer. Once funds clear, you collect the keys from the agent or lawyer, and the property title is officially transferred into your name.
While you can move in immediately, it's wise to plan for the next day to avoid potential delays from slow banks or last-minute issues. Always complete a pre-settlement inspection beforehand to ensure the property's condition meets the terms of your agreement.
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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