overview.
What actually happens after your offer is accepted? Dad explains settlement: the official handover, the role of your conveyancer, what can go wrong, and why the settlement date is a deadline you don't want to miss.
That's Dad, John Kefalianos: finance broker and property developer. He walks me through settlement, the bit that happens after the offer's accepted.
"Settlement is a date, not a wish. Miss it and the penalties are real, so treat it as the deadline it is."
John Kefalianos
what you'll learn.
- What settlement is and the steps inside the period
- What a conveyancer or solicitor does for you
- The problems that can delay settlement, and the penalties
- How a pre-settlement inspection protects you before you get the keys
Prefer to read? Grab the free first home buyer guides.
part of: the buying process guide.
What the Bank Won't Tell You About LMI
Lenders Mortgage Insurance — the fee you pay so the bank feels safe, not you. The 5% Deposit Scheme, who actually qualifies, and what nobody mentions about the trade-off.
chapters.
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links Nicola & John mentioned.
more on The buying process.
Same topic, different angle.