Congratulations !
You’re Unconditional
Learn what happens next and how we’ll guide you through to a smooth and successful settlement.
Pre-Settlement Inspection
Before settlement, you have the opportunity to inspect the property to ensure everything is in the condition agreed upon in the contract. This includes checking that all chattels are present and in reasonable working order. Timing is critical—this inspection should be done shortly before settlement so that any issues can be identified, costed, and raised with the vendor within the required deadlines.
Settlement Day
Settlement is the final step in the purchase process, where ownership of the property is transferred to you. Your lawyer coordinates with the bank and the vendor’s lawyer to ensure all funds are received and documentation is in order. Once settlement is completed, you can collect the keys and take possession of the property.
Insurance Condition
Before settlement, your bank will require confirmation that the property is insured. This involves obtaining a certificate of currency that meets specific requirements, including correct ownership details, the appropriate start date, and noting the bank as an interested party. Ensuring this is completed correctly helps avoid delays in settlement.