Sell with Confidence
Read More
News

Four Tips To Make The Settlement Period Smooth

By Laura Anderson

To make the settlement period a smooth process, there are a few items to check off the list:

Title Search

Deal with any encumbrances prior to the settlement period. You can do this by instructing your solicitor or conveyancer to carry out a title search prior to purchase.

Funding

One of your top priorities after signing the contract of sale is to get your funding in place – failure to do this is one of the major reasons that a settlement can be delayed. An alternative to this is to find a bank that will pre-approve the loan, so you don’t have to worry as yo go into the settlement phase.

Settlement Period

Although a standard settlement is between 30 and 90 days, you can negotiate a period that suits both you and the seller, making the process much smoother.

Keep In Touch

Finally, chase up the key players seven-ten days before the settlement. Call (don’t email) your conveyancer or solicitor, your bank or mortgage broker, and the vendor’s solicitor or real estate agent to ask the following questions:

  • Is everything on track for settlement on (this date)?
  • Is there anything that is missing that could stop settlement?
  • Is there anything I can do to help?

For any questions about the buying process, get in touch with your local Ray White office.

Up to Date

Latest News

  • How To Transform Your Home Without Renovating

    Considering we’re spending more time than ever between the same four walls, you might be looking around at your home and dreaming of renovating. And while they say a change is as good as a holiday, renovating can be costly and inconvenient – especially if you have to move out of … Read more

    Read Full Post