Settlement Process

Three simple steps to settlement

1. Contact us before signing an Offer & Acceptance contract so that we can offer advice regarding the purchasing entity and any special conditions that may be important to add to the contract to protect your interests.

2. Your real estate agent will forward to us the completed Offer & Acceptance contract.

3. Upon receipt of the contract and following satisfaction of finance and other special conditions, we prepare and arrange documentation and liaise continuously with you and all other relevant parties involved to ensure that your settlement happens on time with a minimum of fuss.

The settlement process involves organising the change of ownership of a property or business so that the interests of all parties (including the buyer, seller, mortgagee bank and various authorities) are recognised and taken into account.

We look after all aspects of the settlement from the preparation of documents to settlement day when payment is effected in exchange for the Certificate of Title to the property.  McKinnon & Penny will look after your best interests during the process and keep you fully informed on progress with your settlement. If a problem arises we will contact you immediately so that it can be resolved. 

Our extensive experience ensures that your settlement is a timely, stress-free transaction.  At McKinnon & Penny we are accustomed to dealing with almost any scenario that can occur during the pre-settlement period.  Our staff will guide you through the process so that potential problems are averted and settlement is not delayed.

Checklist

Buying, Selling, Moving? Have you advised everybody?

		Printable checklist

Commonwealth Departments	Business
Electoral Office Post Office Pensions Centrelink Taxation Office Local Government Council Rates (see settlement agent or contact us) Library Dog Registration & License Other Government Gas Company Telstra and or other phone providers Electricity Water Rates (see settlement agent or contact us) Drivers Licenses Boat or other Licenses Medicare	Bank - Accounts, Credit Cards, Mortgage Insurance (Life, car, household, boat) Health Fund Superannuation Fund Lawn mowing Contractor Employer Garden Bag
	Personal
	Club memberships (sporting, social, RAC) School Friends & Relatives Newspaper delivery Church Doctors & Dentist Subscriptions Blood Bank St Johns Ambulance Vet Other family activities (e.g. Music teacher)