The handover of money and title that makes the home yours. Most of the work happens in the days before. Tick off each item so nothing holds up the day. Progress saves automatically on this device.
Settlement is the moment the balance of the price is paid and the title transfers to you. In Victoria it happens electronically through the PEXA platform, coordinated by your conveyancer and the banks in the weeks between contract and settlement.
Nearly everything on this list is arranged in the days before. On the day itself, your job is mostly to be reachable and ready to collect the keys.
The final figure is not just the balance of the price. Rates, land tax, and owners corporation fees are apportioned between you and the vendor, part of what your conveyancer squares up during the weeks before settlement. If something goes wrong on the day, our guide to problems after settlement covers where you stand.
General information only. This checklist is a guide to settlement in Victoria. It is not legal or financial advice and does not replace a licensed conveyancer, who runs the settlement itself.
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