Can You Move In Straight After Settlement?
Settlement day is the day that the buyer and seller of a property exchange contracts and the sale is finalised. It is the day that the buyer pays the seller the balance of the purchase price and the title of the property is transferred to the buyer.
The settlement process can take anywhere from a few days to a few weeks depending on the complexity of the transaction. Generally, the buyer and seller will agree on a settlement date and the buyer will have to vacate the property prior to that date unless another arrangement has been negotiated.
The question is, can you move in straight after settlement? The answer is, it depends.
If the buyer and seller have agreed to a settlement date, the buyer will usually have to vacate the property prior to that date. This is because the seller will need to have the property vacant and ready for the buyer to move in.
However, if the buyer and seller have negotiated an earlier settlement date, the buyer may be able to move in straight after settlement. This is because the seller will have had time to prepare the property for the buyer to move in.
In some cases, the buyer and seller may agree to a delayed settlement date. This means that the buyer will be able to move in straight after settlement. This is because the seller will have had time to prepare the property for the buyer to move in.
In any case, buyers are generally keen to get in the day after settlement, so you’ll want everything ready to go the day before. This means that you should have all of your belongings packed and ready to move in the day before settlement.
It is also important to note that you may need to arrange for a removalist or other services to help you move in the day after settlement. This is because the seller may not be able to help you move in the day after settlement.
Finally, it is important to remember that the buyer and seller may need to arrange for a locksmith to change the locks on the property the day after settlement. This is to ensure that the buyer has exclusive access to the property.
In conclusion, it is possible to move in straight after settlement, depending on the agreement between the buyer and seller. However, it is important to be prepared and have everything ready to go the day before settlement.
