What Do You Need to Do?
Advise your settlement agent of your full legal names and current contact details, including postal, phone and email contacts. Don’t leave this to chance - don’t assume anything!
BUYERS
- You should see your banker or broker immediately (ie. the same day your offer is accepted) to arrange your finance. Give them a copy of the offer and acceptance so they can commence their processes.
- First home buyers need to complete their application for the First Home Buyers Grant and submit it. This is usually done with the assistance of the banker.
- Pay the deposit by the due date.
- Sign all documentation without delay. If you do not understand it, talk to us or the broker or bank so as to not delay the process.
- Once finance is approved, make sure we receive a copy of it or advise us so we can obtain a copy.
- Ensure all reports required (termites, building, electrical, plumbing, pool/spa, etc.) are arranged to comply with your contractual obligations.
- Stamp duty MUST be paid before settlement. If included in the loan, please ensure the lender is aware that it needs to be released prior to settlement to enable settlement.
- Perform the final inspection in good time to ensure all conditions of the contract are met.
SELLERS
- You need to contact your bank or mortgagee once the buyers’ finance is approved to arrange the discharge of the mortgage.
- Provide the necessary access for inspectors to carry out required inspections.
- Attend with timeliness to any matters that arise from any reports.
- Advise us if you are paying rates, water bills or land taxes.
- Advise the phone, electricity and gas utilities that you are moving out. We do the rating agencies (water, shire and state land tax.)
- Ensure the settlement documents (Land Transfer and Mortgage) are correctly signed and witnessed.
> The Settlement Process