A Guide to Settlement
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Offer & Acceptance
A contract of sale is agreed by the seller and buyer. A settlement agent is nominated at this point.
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Initial Payment
A deposit is paid by the buyer to secure the contract.
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Appointing a Settlement Agent
Your settlement agent is appointed by completing an Appointment to Act form.
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Finance
Finance is approved.
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Mortgages
The buyer completes their mortgage documents and the seller completes the discharge of mortgage.
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Transfer of Land
Transfer of Land is signed by buyers and sellers.
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Conditions
Check special conditions have been performed according to your contract.
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Inspection
7 days before settlement buyers arrange a final inspection of the property.
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Organising Settlement
A settlement time will be arranged between financial institutions and settlement agents.
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Settlement Finalised
When settlement is completed, you will be alerted.
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Key Handover
If the residence is occupied, keys can be handed over at 12 noon the day after settlement. If vacant, keys may be handed over earlier upon arrangement.
