Pre-Settlement Inspection
The pre-settlement inspection is a crucial step in the home buying process. It allows you to ensure that the property you're about to purchase is in the condition you expect and that all agreed-upon items and conditions in the sales contract have been met. Here's a more detailed breakdown of what to look for and what not to do during your pre-settlement inspection:
What to Check at Your Pre-Settlement Inspection:
1. Appliances: Verify that all appliances listed in the sales agreement are in working order. This includes items like dishwashers, heating units, ovens, and any other chattels specified in the contract.
2. Light Fittings: Test all light fixtures to ensure they are functioning correctly.
3. Changes Since Your Last Visit: Inspect the property for any damage or changes that may have occurred since you signed the contract. If you find any issues, inquire about them.
4. Completion of Any Work Required: Confirm that any agreed-upon repairs or modifications, as specified in the contract, have been carried out. For example, if the contract required the replacement of a broken chattel or the re-installation of wardrobe doors, ensure that these tasks are completed.
5. Cleanliness: If the home is already vacant check that the property is clean and tidy, and all rubbish has been removed. If the home is still occupied it is important to understand there may be boxes and packing happening and most likely a clean will not happen until the day of moving.
6. Access: Make sure you know where all the keys and garage remotes will be on settlement day, along with alarm codes required for you to access the property.
What Not to Do at Your Pre-Settlement Inspection:
1. Don't Invite a Crowd: This is not an open house event. Keep the inspection limited to those directly involved in the purchase.
2. Keep It Concise: The seller still owns the property until settlement day, so be respectful of their time. A pre-settlement inspection typically takes 30-45 minutes.
Other Key Points to Remember:
Differing Standards of Cleanliness: Everyone has a different standard for clean and tidy. Unless it has been stipulated as a condition in the Sales & Purchase agreement for a professional clean and carpet clean these cannot be expectations.
Don't Sweat the Small Stuff: While it's essential to ensure that major items are in working order, try not to worry over minor issues. Objecting to every small problem can create unnecessary complications.
Coordinate Timing: If the current owner is still in the property, coordinate with your real estate agent to ensure a smooth transition. Make sure your moving truck isn't scheduled to arrive too early, as you don't want to pay for movers to wait.
The pre-settlement inspection is your last opportunity to verify the condition of the property and ensure that the agreed-upon conditions are met. Focus on essential items, be respectful of the seller's time, and plan for a smooth transition to your new home.