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Buying and selling property can be complicated. To help clear up some of the confusion we have listed the major steps involved in settling a property in the section below.
If you still aren't quite sure then check out our Helpful Tips section or, of course, you can contact us direct!
The Settlement Process
1. Your Real Estate Agent sends instructions to Landmark Settlements
2. Landmark Settlements contacts you to confirm your details. We also contact your
real estate agent.
3. Initial documents, including Appointment to Act will be sent to you for signing.
4. Once we are advised that finance for the buyer has been approved, we commence legal
documentation. Your bank will be contacted and requested to commence document
preparation. Government enquires relating to the property are
initiated.
5. We contact both yourself and your bank to ensure that all your bank
documentation is complete and your bank is ready to proceed to settlement
6. The final inspection is organised between yourself and your real estate agent (usually a
week prior to settlement to allow enough time to ensure all
conditions have been met on the contract).
7. After the final inspection you instruct us to proceed to settlement on your behalf.
8. Once settlement has been booked with all parties, we will advise both you and your
real estate agent.
9. We attend settlement and advise both you and your real estate agent once
settlement has been effected.
Congratulations, it’s all done!
The above information relates to a straightforward settlement, variations to individual sales
contracts may require a different process to be followed. Landmark Settlements will be able
to advise you if there is likely to be any change to the above process.
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