Pre Settlement Inspections: What to Expect Before You Get The Keys.
Before the excitement of finally getting the keys to your new property, there’s one crucial step left — the pre-settlement inspection. This is your opportunity to make sure everything is in order before officially taking ownership. Whether you’re buying in Sydney or elsewhere, this inspection helps ensure that the property is in the condition you agreed upon when signing the contract. Here’s what to expect during the process.
What Is a Pre-Settlement Inspection?
A pre-settlement inspection is your chance to check the property one last time before finalising the purchase. It’s typically done in the week leading up to settlement, allowing you to ensure that:
- The property is in the same condition as when you signed the contract.
- Any agreed-upon repairs or maintenance have been completed.
- Fixtures and fittings (such as lights and appliances) are still intact and in working condition.
Why Is It Important?
This final walkthrough protects you from unexpected surprises and can save you time, stress, and money. In Sydney’s competitive real estate market, properties often change hands quickly, so you want to ensure you’re getting exactly what you paid for.
- Missing or damaged fixtures, uncompleted repairs, or even rubbish left behind are common issues that might come up.
What to Look For in a Pre-Settlement Inspection
Repairs and Maintenance: Check if the seller has completed any repairs that were agreed upon during the negotiation. Make sure all major systems, such as plumbing and electrical, are functioning properly.
Cleanliness: The property should be left in a broom-swept condition. It doesn’t have to be professionally cleaned, but it should be tidy, with all rubbish removed.
Fixtures and Fittings: Ensure all included items such as curtains, light fittings, ovens, dishwashers, and air conditioners are still in place and in working order. In Sydney, where real estate prices are high, losing these items can result in unexpected replacement costs.
Locks and Keys: Confirm that the locks are working and that you’ll receive all the necessary keys. If any keys are missing, the seller should provide replacements or have the locks re-keyed.
Walls, Floors, and Carpets: Look for any damage to walls, flooring, and carpets. If any dents, scratches, or other damage has occurred since you signed the contract, raise it with the seller.
What If There Are Issues?
If something is wrong during your pre-settlement inspection, don’t panic. There are several ways to resolve the problem:
- Request repairs or replacements before the settlement date.
- Negotiate compensation to cover the cost of repairs.
- Delay settlement until the issues are addressed, though this should be a last resort.
In Sydney’s fast-paced property market, it’s essential to stay proactive during the final stages of the buying process. If issues arise, speak to your conveyancer or buyer’s agent immediately
Top Tips for a Successful Pre-Settlement Inspection
Bring a checklist: This ensures you won’t miss anything during the inspection.
- Be thorough:Take your time and inspect every room, fixture, and fitting.
- Document everything Take photos of any issues to discuss with the seller.
A pre-settlement inspection is the last opportunity to ensure your new home is exactly as promised. Whether you’re buying in Sydney or elsewhere, it’s important to stay vigilant and address any issues before the settlement date.
If you’re unsure about the process, working with a buyer’s agent can give you peace of mind and help ensure a smooth experience.
