Buying guide
What happens on settlement day?
What to expect.
AI summary
Settlement day is the final step in the home-buying process. Your lawyer transfers the final payment to the seller's lawyer, the property title is officially transferred to your name, and you receive the keys.
Before the day arrives, ensure you've completed a pre-settlement inspection. While you can move in on settlement day, it's often wise to plan for the day after. This provides a buffer against potential delays from slow bank processing 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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