When buying a property people are usually beyond excited when it comes to closing the deal and signing the contract (understandably – hello keys to a new home!)

But, before popping the celebratory bottle of champagne, there’s an all-important step you must be across so you don’t get a nasty shock.

The pre-settlement inspection.

Basically, this is your final chance to look at the property and ensure the vendor upholds their part of the bargain in the home handover.

Let’s take a closer look:
•  The pre-settlement inspection happens after you have signed the contract, but before you settle payments and take formal control of the house.
•  The onus is on the buyer to arrange the inspection but the seller must provide the opportunity for this to take place. (We recommend during the week before settlement).
•  New homebuyers are entitled to receive their property in an equal or greater condition then when it was originally inspected.
•  Look closely at more than just the physical appearance of the property.
•  If you have any special conditions in your Contract in relation to fixing up, replacing, repairing or replacing any appliances or items in the property, make sure you test and/or inspect to ensure the Vendor has adhered to this.
•  If the results of your inspection are inconsistent with the details in your contract, you may be able to seek compensation from the seller.

Having a trusted conveyancer by your side will give you the confidence that the process is moving along, and that every aspect of settlement is taken care of.

As a fully licensed conveyancing practice Sargeants Geelong can offer you full solicitor support through our internal legal department. With 40 years of experience, you can definitely place your trust in us.

Drop into the office, Level 4, 49 Malop Street, Geelong, call 5221 7411 or email admin@sargeantsgeelong.com.au

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