You fell in love with the property the moment you saw it, and now you have made it through the negotiations, paperwork, and loan approval hurdles. With settlement just around the corner, there’s one final and essential step to complete: the pre-settlement inspection.
This inspection is your final opportunity to walk through the property and ensure everything is in the same condition as when contracts were exchanged. It’s also a chance to confirm that all agreed inclusions are present and accounted for, so it’s a good idea to have a copy of your contract handy, preferably in digital format, to tick off each item as you go.
Whether you’re purchasing your first home or adding to your investment property, taking the time to inspect the property thoroughly can save you from costly surprises post-settlement.
If anything is missing or if something doesn’t reflect what was previously agreed on, inform your sales agent and notify your conveyancer or solicitor immediately so the vendor can resolve any issues.
Key Tips for a Smooth Pre-Settlement Inspection
Set the inspection date: The pre-settlement inspection date is around one week before the settlement date. This will be organised between the sales agent and the customer. Once a date has been agreed, make sure to inform your solicitor.
Bring someone with you: It’s a smart move to have another set of eyes during your pre-settlement inspection. While your sales agent will have already flagged and followed up on any issues discussed prior to exchange, having a trusted person, whether it’s a friend or relative, can help ensure nothing has been missed. A fresh perspective can spot small details that may otherwise be overlooked, giving you added peace of mind before settlement.
Ask for relevant documentation: The vendors might have manuals and warranties for appliances and fixtures that are included in the sale, such as the oven, dishwasher and AC unit. These documents can be helpful for future maintenance or servicing, and they also confirm the items are still under warranty, giving buyers added reassurance post-settlement.
Taking these steps ensures peace of mind before settlement and supports a smooth handover. If you have any questions about the process or need help preparing for your inspection, the Sales team at Village Property are here to help.