The settlement date will have been specified in the sale and purchase agreement. 

What you do:

• All you need to do is arrange to pick up the keys and arrange the move to your new home.  We will work with your lawyer to take care of the paperwork. 

What we do:

• Once we have all the necessary documents from your lawyer we will draw down your loan and transfer the funds to the seller or their lawyer, in many cases this is by 8am.

What your lawyer does:

• Check that the rates and any other utilities have been paid by the seller and are up to date
• Prepare a settlement statement showing the amount required to settle the transaction.  It will itemise your deposit, any other funds you may be providing, and your home loan funds
• Send the settlement statement to the bank
• Confirm with the seller or their lawyer that they have received the funds
• Arrange for the keys to the house to be delivered to you (or for you to pick them up)
• Complete the registration of the property title into your name and send you a copy of the title.

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