Buying guide
What happens on settlement day?
What to expect.
AI summary
Settlement day is the final step in buying a home. After completing your crucial pre-settlement inspection, your lawyer transfers the final payment to the seller’s lawyer.
Once funds clear, you collect the keys from the agent or lawyer. The property title is then officially transferred into your name, completing the legal ownership change.
While you can move in immediately, it's wise to plan for the day after 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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