This is the day everyone is waiting for in anticipation – the moving trucks are ready and waiting, the celebratory drinks are chilled ready to crack open but there are still a few things that need to happen first and this is why we often do not ring you at 9am to say settlement is complete and you can start to move as we are working hard behind the scenes to make settlements happen.
It is difficult for us to predict what time settlement will occur and you can spend a large part of the day waiting for that all important phone call from us. In the event of delays we will keep you informed of progress. And don’t forget to take some photos of your moving day as it’s a great memory to have for both selling and buying a house.
We are often waiting to receive bank funds – these funds can arrive anytime from first thing to 4pm so this can play a big part in when we can settle. We also cannot settle until the vendor’s solicitor has advised they are ready – called an undertaking. Once we have received the vendors undertaking, we pay the settlement funds by a Same Day Cleared payment directly into the vendor’s solicitor Trust Account and give our undertaking to the vendor’s solicitor that the payment will not be altered, withdrawn or reversed.
Once the vendors solicitor has received the undertaking they release the record of title to us and authorises the agent to release the keys. We ring you with the exciting news you have bought a property! You collect the keys from the agent and move into your new home and start celebrating! We will email you a reporting letter with a copy of your S and P Agreement, Record of Title, Statement, our invoice and other additional information.
We advise packing a small box of essentials you may need on the first day in case settlement gets delayed and you end up moving in late in the day, things like toilet paper, towels, tea towels, washing up liquid, soap, lightbulbs, phone chargers, extension chord, kitchen jug, snacks, drinks, a few glasses/cups/plates enough to get you sorted for the first day as it can take you a while to unpack all the boxes!