Buying guide
What happens on settlement day?
What to expect.
AI summary
Settlement day is the final step in buying a home, following your crucial pre-settlement inspection. On the day, your lawyer manages the key financial and legal transfers.
Key events include:
- Transferring the final payment to the seller's lawyer.
- Collecting the keys once payment clears.
- Officially transferring the property title into your name.
While you can move in immediately, it’s wise to plan for the day after to avoid 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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