Buying guide
What happens on settlement day?
What to expect.
AI summary
Settlement day is the final step in your property purchase. Your lawyer transfers the balance of the payment to the seller's lawyer. Once the funds clear, you can collect the keys.
Behind the scenes, the property title is officially transferred into your name. While you can move in on the day, it's wise to plan for the day after to avoid stress from potential delays like slow bank processing. Always complete a pre-settlement inspection first.
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?
Author
Discover More
'I fell in love with it immediately': The clifftop home he wasn't going to lose twice
A beloved Torbay clifftop home with sweeping Hauraki Gulf views is back on the market after seven years.
‘Completely irrelevant': The one number a top agent wishes you'd stop obsessing over
Ray White’s Dean Tuffley gives us the no-nonsense advice Kiwi buyers and sellers actually need.
Search
Other articles you might like
