Buying a home is a significant milestone, and the final step of this process—settlement day—requires thorough preparation to ensure everything proceeds without a hitch. If you’re navigating this final stage, partnering with a reliable service like Straight Up Inspections for your pre-purchase or pre-sale house inspections in Tauranga, the Bay of Plenty, and parts of Waikato can be a game-changer. This article will guide you through the crucial tasks you need to complete before settlement day.
The pre-settlement inspection is a vital step to ensure that the property you are about to purchase is in the condition you expect. It should be arranged at least two working days before the settlement to address any potential issues promptly. During this inspection, focus on verifying that all conditions of the sale and purchase agreement have been met and that the property and included chattels are in the same state as when the agreement was signed.
• Bring a copy of the sale and purchase agreement to check against the property's current condition.
• Ensure that all listed chattels are present and in good working order.
• Inspect the property for any new damages that might have occurred after the agreement was signed.
• Confirm that any agreed repairs by the seller have been completed.
• Verify that the home is clean and ready for your move, if stipulated in the agreement.
Secure Your Financing:
Ensure your financial arrangements, such as the final payment and any related mortgage documentation, are ready. This includes confirming everything with your bank or lender well before settlement day.
Legal Checks:
Your lawyer or conveyancer plays a crucial role. They will handle the legal aspects, including transferring the title and ensuring all paperwork and payments are processed on settlement day. Visit your lawyer or conveyancer beforehand to:
• Sign any necessary authority forms and loan agreements.
• Verify your identity, a standard requirement for property transactions.
Having your property fully insured from the moment you take ownership is not only wise but often a requirement of mortgage providers. Organize this before settlement day to protect your new home from any unforeseen issues.
While the legal and financial preparations are being handled, don’t forget the practical side of moving into your new home.
Moving Day Tips:
• Book a reliable moving company.
• Consider childcare or pet care for the settlement day to ease the transition.
• Plan to clean the property and possibly move in the day after settlement to allow for any last-minute adjustments or delays.
• Transfer your utilities such as internet, electricity, gas, and phone to your new address.
• Notify your current landlord and arrange to have your rental bond returned.
Settlement day can be smooth and stress-free with proper planning. By conducting a thorough pre-settlement property inspection, ensuring all financial and legal details are sorted, securing adequate insurance, and preparing logistically for your move, you can look forward to a successful transition to your new home. At Straight Up Inspections, we are committed to providing comprehensive and timely building inspections to support your big day. Remember, careful preparation is the key to turning a new house into your new home.
We offer a professional, same day inspection service.
Your builders report will be emailed the same day.
