What to expect at a pre-settlement inspection?

What is a pre-settlement inspection?

A pre-settlement inspection is your buyer’s opportunity to inspect your property before the final payment is made. These inspections are not compulsory, but buyers usually want to use the opportunity to check nothing untoward has happened to the property since they signed the contract. It also reassures the buyer that you as the seller have addressed any specific conditions that were included in the contract or agreed on when the deposit was paid.

In a nutshell, buyers are entitled to ensure the pool hasn’t turned green, the lawns and garden haven’t died and that you have haven’t removed the curtains and carpet.

What do buyers look for during pre-settlement inspections?

Most of the time buyers, are pretty excited about their new purchase and are just wanting to get a feel for their new home. Often they want to measure up spaces for their furniture or to work out what colour to paint the walls.

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When is the pre-settlement inspection completed?

The pre-settlement inspection is usually conducted one week before settlement day, but in some cases it may take place only a few hours prior to settlement. The advantages of doing this a week out, is that it allows you enough time to fix any outstanding issues that you may have missed or not have been aware of. We buy houses in Uniontown

How many pre-inspections can the buyers do?

General conditions states that a buyer can complete one inspection, therefore if they are bringing along tradespeople it is up to them to coordinate the relevant tradespeople to attend the one inspection.

Buyers are allowed one further inspection if they identify items that require rectification.

Who can attend the pre-settlement inspection?

The buyer can be accompanied by 2 people unless you give them permission to bring more.

In many cases we will attend the inspection with the buyer. They often ask if you can also attend the inspection as it’s a good opportunity to run through how the property works. However, it is up to you as to whether you attend or not.

What happens if the buyer finds some issues?

If the buyer claims to have found new damage or deterioration, it doesn’t necessarily give them the right to withhold on settlement. They must prove that the damage breaches the conditions stated in the contract of sale. Deterioration may just be a result of wear and tear or the buyer may have missed it before they signed the contract.

If, however there is significant new damage to the property, you may in breach of the contract and may be required to repair the issues before settlement. Your conveyance or solicitor is the best person to talk to here.

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Top 10 moving house tips

The week you sign the contract

Book your removalist

The first decision you need to make is if you’ll be moving yourself or whether you’ll use a moving company. At LJ Hooker Assist we help Aussie home movers pack up and move into their new homes every day. We can connect you with a selection of local recommended removalist for you to choose from and source quotes for you to review. It’s super easy and we’d love to help you. Click here to find out more.

Rent storage if you need it

If you need to use storage facilities now is the time to look around for options, compare prices, location and space. Make sure you get a couple of quotes as pricing can vary significantly. This needs to be booked in advance.

Create a paperwork file

With important paperwork everywhere, create a file for all your important moving documentation. It is also worth keeping a record of all the mail you receive so you know who you need to notify with a change of address.

Start to plan the move

Start compiling an inventory list of all your furniture and Write down a list of all items of furniture that will be moving with you. This way you’ll be able to keep track of what you’re moving and what’s staying behind. This is also super helpful to give the removalists and help you work out how much packing you will need.

If you don’t have a floor plan of your new home, ask the real estate agent to supply you with one. This is a great way to work out where your furniture will furniture from your current property will go where in the new place.

A few weeks before move

Sort and pack

You don’t want to be moving clothing, furniture and ornaments that you don’t want to use in your new property. So spend a week or two, going from room to room and cupboard to cupboard. Pull everything out of the cupboards and put it on the floor. Start sorting it into four piles, keep, donate, sell, throw out.

Make sure you are ruthless here. This is the perfect time to cull unwanted and unneeded items. Firstly, there is no point spending time packing something you won’t use, nor do you want to pay for the extra packing materials or for the removalist to remove items you don’t want.

Put all the donate items in bags and drop the bags off to your closest charity bin. Make sure the items are still in good nick, as the charities don’t want dirty, stained or ripped clothes. It just wastes their time sifting through and getting rid of unwanted items.

Put all your sell items in another pile. If you have loads, you may want to consider having a garage sale or selling on eBay, Gumtree or similar.

The items you want to keep – look at these with a critical eye. Will you use it again? If you aren’t sure it may be best to add to the donate / sell piles. Group similar items together and start to pack items you will not need between now and time you’ll move. For instance, if you’re moving in summer, start by packing all you winter jumpers, pants and shoes. Label the box with the content and which cupboard it came from.

Two weeks to move day

Contact your utility providers

LJ Hooker Assist can help organise and connect your electricity, gas, internet, pay TV, home phone and more. With one call we can arrange all your core home moving needs and connect you with Australia’s leading suppliers. To get started click here.

Get the kids sorted

If you have little ones around, it’s better if they are out of the way completely. Ask family or friends if they could help out for the day or organise a trusty babysitter to take care of them.

Make travel arrangements

If you have pets think about their travel plans and how you they will be relocated to their new home. If you are flying it is worth contacting a few pet transport companies to get a few quotes as they can vary significantly.

If you’re driving a long distance to your new home, make sure your car is fully serviced and checked…you don’t want to have any issues on the way. Home buyers ASAP

Start eating items in your freezer and pantry

Try not to buy too many groceries unless you have to and only buy items that you’ll get through in the next couple of weeks. It’s also a good idea to see what you have in the pantry and buy fresh items to help you use them up. Such as sausages to get through the tomato sauce, or mince to use up the tins of tomato…you get the idea.

Continue packing

As you pack, try to label each box with what’s inside, where it goes in your new home and any special instructions such as FRAGILE, THIS SIDE UP etc. Be as detailed as you can as it will make it much easier when you’re unpacking if you know what needs to be unpacked first.

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