Buying guide
What happens on settlement day?
What to expect.
AI summary
Settlement day is the final step in the home buying process where you officially take ownership. Your lawyer transfers the remaining payment to the seller's lawyer, who then transfers the property title to your name.
Once payment clears, you can collect the keys. It's crucial to complete a pre-settlement inspection beforehand to ensure everything is as agreed. While you can move in immediately, consider planning your move for the following day to avoid stress from 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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