fbpx
Book an appraisal

What does a pre-settlement inspection involve for me as a seller?

03/03/2021

The purchasers of a property are legally entitled to one pre-settlement inspection before settlement date. The purpose of this inspection is to “examine the property, chattels, and fixtures which are included in the sale.” If any problems are found, and remedial work or compensation is required, the purchaser’s lawyer should request this before settlement day.

As a seller, how can you make sure that no issues arise at this time?

  • Make sure the house is clean & tidy
  • Dispose of any rubbish in the garden, sheds, garage, house and elsewhere on the property
  • Make sure the lawns are mown and the garden is in a good state
  • Make sure all of the chattels are in working order
  • If any remedial work was agreed in your contract, make sure this is completed before the inspection
  • Check lightbulbs are all working as all the lights will be switched on to check them. You don’t want a simple lightbulb to hold up settlement!

The purchaser will be checking to ensure that no damage has been done and will check that the property and all chattels are in the same condition as at the date of signing the contract.

The purchaser may be legally entitled to withhold some money on settlement day if they feel that the property and all chattels are not in the same condition as at the date of signing the contract.

© 2021 Susa Guhl Partners. All Rights Reserved.