Planning for settlement day when buying
There are a number of things you need to do before settlement day to make sure everything runs smoothly.Summary of important things to know
If you find issues during the pre-settlement inspection
If you find damage during your pre-settlement inspection that wasn’t present when you signed the sale and purchase agreement or if a chattel is missing, contact your lawyer or conveyancer immediately. Your lawyer or conveyancer will outline your options and can negotiate with the seller’s lawyer or conveyancer to rectify the situation.
Contact the agent to arrange the pre-settlement inspection. It should be at least 2 working days before the settlement date so there is time for the seller to address any issues.
If the property is tenanted, be aware that extra time may be needed for the landlord to get the tenant's consent for the inspection.
If it’s important to you that the property is clean and ready for you to move in, you can include this as a condition in the sale and purchase agreement, for example, by stating that the house is to be commercially cleaned.
Dean Norrie, Director/Building Inspector - LBP Qualified Builder, with 20+ years residential building experience, three generations of builder in the family.