Arbee Real Estate
140 Main Street Bacchus Marsh
03 5367 2333
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What is a pre-settlement inspection?
A pre-settlement inspection is a final inspection by the buyer before settlement. It provides the buyer with an opportunity to confirm all the contractual requirements and specifications have been met, all fixtures and fittings are present and everything is in good working order.
Do you have to go to a pre-settlement inspection?
It’s totally up to the buyer whether or not they want to have a final inspection. With moving and so many things going on it’s not uncommon for people to not worry about a pre-settlement inspection, however considering a property is one of the biggest purchases you’re likely to make in a lifetime, you really should ensure that everything is done right and so you should inspect the property one last time before it’s officially yours.
What should you look out for at the pre-settlement inspection?
When should you get a pre-settlement inspection?
It’s generally recommended to do the pre-settlement inspection as close to the settlement date as possible so you narrow the window of time that things can go wrong.
Allow yourself a little bit of time however to solve any problems, just in case there is anything you would like rectified.
If the property is not in the expected condition or items are missing that were written in the contract then you will need to involve your conveyancers / solicitors as soon as possible to arrange a solution. Keep in mind however that this can delay settlement and your moving date.
If you have any further questions or concerns it’s best to ask your conveyancer or solicitor, or the selling agent.
Also, congratulations on getting this far, you’re almost the owner of a new home or investment property!