Buying guide
What happens on settlement day?
What to expect.
AI summary
Settlement day is the final stage of buying a home. Your lawyer or conveyancer pays the outstanding balance to the seller's lawyer, who then arranges the title transfer into your name.
Once payment clears, you can collect the keys, typically from the real estate agent. While you can move in immediately, it's wise to plan your move for the day after settlement to avoid stress from potential delays, such as 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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