Settlement week can be one of the most stressful parts of purchasing a home if you are not properly prepared. Follow these tips for careful planning and preparation and let your worries fly away.
- Make sure you understand and are comfortable with, the settlement terms. Then get those signed contracts over to your solicitor and bank as soon as possible, to avoid delays. They have a lot of work to do!
- Coordinating settlements of multiple properties can be stressful. Bridging finance is one option, allowing you to settle the properties a week or two apart. Alternatively, you may be able to take possession of your new property earlier, or stay on at your current home after settlement, under a Licensed Agreement. Just ask your solicitor.
- Communication is key – look out for and return quickly, any documents sent to you from your solicitor and bank. Most settlement delays are caused by lost or late paperwork! During settlement week, ‘check in’ with them both, to make sure everything is running to schedule.
For more tips on how to breeze through your settlement, give me a call on 0408 991 855.