THE GUIDE TO BUYING A HOME
Step 13 – Settlement (Property Sold)
Settlement is when you pay the balance of the purchase price and you become the legal owner of the property. Make sure all your finances are in place and the banks are on track to meet your settlement date.
Once settlement is completed, your solicitor will contact the sellers agent to advise them to give you the keys to your new home! Relevant authorities will be notified about the change in ownership by your solicitor/conveyancer.
Congratulations and welcome to your new home!!