Sell with Confidence
Read More
News

4 TIPS TO MAKE THE SETTLEMENT PERIOD SMOOTH

By Emily Upton

To make the settlement period a smooth process, there are a few items to check off the list:

Title search

Deal with any encumbrances prior to the settlement period. You can do this by instructing your solicitor or conveyancer to carry out a title search prior to purchase.

Funding

One of your top priorities after signing the contract of sale is to get your funding in place – failure to do this is one of the major reasons that a settlement can be delayed. An alternative to this is to find a bank that will pre-approve the loan, so you don’t have to worry as yo go into the settlement phase.

Settlement period

Although a standard settlement is between 30 and 90 days, you can negotiate a period that suits both you and the seller, making the process much smoother.

Keep in touch

Finally, chase up the key players seven-ten days before the settlement. Call (don’t email) your conveyancer or solicitor, your bank or mortgage broker, and the vendor’s solicitor or real estate agent to ask the following questions:

  • Is everything on track for settlement on (this date)?
  • Is there anything that is missing that could stop settlement?
  • Is there anything I can do to help?

For any questions about the buying process, get in touch with your local Ray White office.

Up to Date

Latest News

  • Join the Ray White Gawler | Willaston Team!

    With this year set to be another year of strong growth, Ray White Gawler|Willaston are looking to expand their sales team. The Company Innovation, unrivalled service and a dedication to our profession and client care is what separates our agency from the rest. Ray White Gawler / Willaston is an … Read more

    Read Full Post

  • ✨ M O T H E R ‘ S D A Y C O M P E T I T I O N ✨

    Spoil your Mum with the ultimate Mother’s Day Hamper valued at $250! Filled with goodies from local small businesses in Gawler 🙌 A special thank you to Mande from The Wick House & Bliss Bath Bombs for your kind donation! Including: Moët & Chandon Impérial Champagne NAK HAIR Nourish … Read more

    Read Full Post