Buying guide
What happens on settlement day?
What to expect.
AI summary
Settlement day is the final step in buying your home. Your lawyer transfers the final payment to the seller, which you typically authorise a few days beforehand. It's crucial to complete a pre-settlement inspection before this day to ensure the property's condition is as agreed.
Once payment clears, you collect the keys from the agent or lawyer. The property title is then officially transferred into your name. While you can move in immediately, consider waiting a day to avoid potential delays.
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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