Settlement day is our all-time favorite day for sure! It’s the day which we get the most excited about because we get to make the call that our client’s home has settled!
That said…there is a fair bit that goes on behind the scenes which you may not even be aware of!
Back before the days of PEXA, before settling property was conducted online, it was a process that was conducted in person with original signed documents and cheques, at a set date, time, and location…old school right?! Now, it has become a lot more streamlined and simplified for all.
Here is a rundown on what happens on the day!
? All parties confirm on adjustment and disbursement of funds
? Landgate documents signed off to confirm the transfer of title into new owners name/s
? Settlement commences at an agreed time
? All parties are notified once settlement is deemed complete (documents lodged and funds disbursed)
Have any questions about this process? We would be happy to answer them for you!