Pre settlement inspection checklist

When should you do the pre-settlement inspection?

Within the week leading up to the day of settlement. If you inspect five business days before, this may give you or the vendor enough time to arrange for things to be fixed, or to renegotiate a new deal before moving in. Keep in mind though that the property may still be occupied so you may not be able to see as much as when the property is empty.

What should you look for?

It may have been several weeks or even months since you last checked out the property when you exchanged contracts, so you’ll be looking for any changes that may have impacted the state or condition of the property since that time. In particular, check for:

Any significant damage. If you come across, for example, a fresh hole in the wall, you could ask the vendors fix it before settlement

Special conditions of the contract have been fulfilled. For example, you might have asked for a broken window to be fixed when you exchanged contracts

General good condition – the property should be neat and tidy, with all rubbish and any other waste removed (bearing in mind that the vendor may still be in the middle of packing)

You should also do a final check of all fixtures, smoke alarms, plumbing, electrical, heaters and air-conditioners (if applicable).

What if you find something wrong?

Raise any issues with your real estate agent, conveyancer or solicitor right away. They may be able to renegotiate the conditions of settlement – for example, that the vendor must fix a particular fault before the day of settlement or agree to reduce the sale price to account for any money you’ll need to spend on repairs after you’ve moved in.