Buying guide
What happens on settlement day?
What to expect.
AI summary
Settlement day is the final step of the home buying process. Your lawyer transfers the final payment to the seller's lawyer, the property title is officially transferred into your name, and you collect the keys.
Beforehand, ensure you've completed a pre-settlement inspection. While you can move in on settlement day, it's often wise to wait a day to avoid issues from potential delays, such as slow bank processing or last-minute property damage, before you start unpacking.
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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