Buying guide
What happens on settlement day?
What to expect.
AI summary
Settlement day is the final step in buying your home, where key transactions occur. Your lawyer transfers the remaining payment to the seller's lawyer, the property title is officially transferred to your name, and you collect the keys.
Beforehand, it's crucial to complete a pre-settlement inspection to ensure the property's condition is as agreed. While you can move in immediately, consider waiting until the next day to avoid potential delays from banks 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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