Ray White Mountain Creek Buyers Guide 2018 2018 | Page 21

To make the settlement period a smooth
process, there are a few items to check
off the list:
Title search
Deal with any caveats or encumbrances prior to
the settlement period. You can do this by instructing
your solicitor or conveyancer to carry out a title
search prior to purchase.
Funding
One of your top priorities after signing the contract of
sale is to get your funding in place - failure to do this is
one of the major reasons that a settlement can be delayed.
An alternative to this is to find a bank that will pre-approve
the loan, so you don’t have to worry as you go into the
settlement phase. (See the finance section, page 10.)
Settlement period
Although a standard settlement is between 30 and 90
days, you can negotiate a period that suits both you and
the seller, making the process much smoother.
Keep in touch
Finally, chase up the key players seven-ten days before
the settlement. Call (don’t email) your conveyancer or
solicitor, your bank or mortgage broker, and the vendor’s
solicitor or real estate agent to ask the following questions:
Is everything on track for settlement on [this date]?
Is there anything that is missing that could
stop settlement?
Is there anything I can do to help?
For
process
please call
For any
any questions
questions about
about the
the buying
buying
process,
or to
locate
local office,
raywhite.com
Ray
White your
Mountain
Creek visit
on (07)
5477 7600.
buyer's guide