Buying guide
What happens on settlement day?
What to expect.
AI summary
Settlement day is the final step in buying a home, where ownership is officially transferred. Beforehand, complete a pre-settlement inspection to ensure the property's condition is as agreed in the Sale and Purchase Agreement.
On the day, your lawyer pays the balance to the seller's lawyer. Once funds clear, you collect the keys. It's often wise to plan your move for the next day to avoid potential delays from banks or other 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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