Settlement day
Congratulations!
On the Date of Entry specified in the missives we will require to pay the purchase price on your behalf and in exchange for that we will receive the signed Disposition transferring the title into your name, any other relevant title documentation and, most importantly, the keys to your new home.
Generally this will happen before 3pm but that can never be guaranteed. Several factors can result in delay e.g your loan funds may not arrive in our account or the sellers own transaction is delayed meaning that they are not able to vacate the premises.
For that reason we recommend that you do not arrange for removal vans to arrive at the property until later in the day.
When you get the keys please check immediately:
- that the Seller has left all the moveable items included in the purchase price;
- that the central heating system is working properly;
and, remember to:
- take gas and electricity meter readings.
Depending on the terms of the missives, you may have a claim against the Seller if items are missing or if the central heating system is not working properly. However, you do have to intimate any claim immediately.
