Buying guide
What happens on settlement day?
What to expect.
AI summary
Settlement day is the final step in buying your home. Your lawyer transfers the final payment to the seller's lawyer, and once funds clear, you collect the keys. Behind the scenes, the property title is officially transferred into your name.
It's crucial to complete a pre-settlement inspection beforehand to ensure the property's condition is as agreed. While you can move in on settlement day, consider waiting 24 hours to avoid potential delays from banks or other last-minute 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?
Author
Discover More
Why the Lonely Planet's coolest new travel destinations are the perfect place to buy a home
Named among the world's best places, Ōtepoti-Dunedin and Waitaki offer Kiwi buyers unique, affordable property options.
They came to NZ after appearing on a BBC TV show. Visit the 1888 homestead where they built a new life
A UK couple found a new life in an 1888 NZ homestead after appearing on a BBC TV show.
Search
Other articles you might like
