The Pre-Settlement Inspection On Your

Property Transfer

Every Purchaser is entitled to complete a Pre-Settlement Inspection on the property they are purchasing prior to settlement.

This is generally completed 1 or 2 days prior to the settlement date and organised through your Real Estate Agent unless the property transfer is through a Private Treaty, then it would be arranged by your Conveyancing Practitioner directly with the party who is providing Conveyancing Services for the Vendors.

When you are completing your Pre-Settlement Inspection you are checking to make sure the Chattels listed in the Sales and Purchase Agreementare in the same state of repair as at the date the Agreement was signed.

This is detailed in Clause 6.2 (1). We would recommend a further warranty be included in the Agreement for the property transfer as per:

Example; The Vendors warrant at settlement all gas, electrical, plumbing fixtures and fittings will be in good working order.

Have you ever thought to take a hair dryer when completing your Pre-Settlement Inspection to check all the power points are working?

You could even prepare a check list of the chattels that are listed in the Agreement for your property transfer and tick them off as you are checking the working condition.

If you discover that something is not working you will need to let your Property Conveyancing Representative know so they can quickly get onto the Vendors Representative to get this sorted before settlement is completed.

Email kim@propertyconveyancingservices.com and request a copy of our Free Report on recommend conditions.