Buying guide
What happens on settlement day?
What to expect.
AI summary
On settlement day, the final steps of your property purchase are completed. Your lawyer transfers the remaining balance to the seller's lawyer, who then transfers the property title into your name.
Once payment clears, you can collect the keys from the real estate agent. It's crucial to complete a pre-settlement inspection beforehand. While you can move in immediately, planning for the day after can prevent stress from potential delays like slow bank processing or last-minute property 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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