Moving on settlement day we are frequently questioned about. Due to the stress of potential paperwork delays that could affect delivery timelines, we normally don’t advocate this. This is especially important if you are buying and selling quickly because managing many settlements at once is frequently challenging. There is a lot of coordination required, whether you are selling your home and waiting for the new owners to move in or moving into a new home and waiting for the settlement. For this reason, we advise delaying your move until after the settlement dates.
So, what can you do to be prepared, to ensure the day goes as smoothly as it can be?
Firstly, what is settlement day?
The day on which all paperwork is completed and you are given the house’s keys is referred to as settlement day. The procedure by which you take over legal possession of your home is called a property settlement. To sign the official sale documentation, you and your solicitor will often meet with your lender. See this ANZ article, which clarifies the settlement procedure for home purchases Depending on the type of real estate and the legal issues involved, settlement can take one to two months.
Moving tips for settlement day:
Even though moving on settlement day is generally not a good idea. There are situations when it may be the only viable option available due to circumstances beyond your control. We advise you to follow these procedures to make sure the move happens as planned: Prior to moving day, make sure everything is packed and prepared for the move. This will help your removalists load the truck as quickly and effectively as possible. Make sure your movers are informed of the time of your settlement so that the move can be scheduled to coincide with it, leaving extra time for any possible delays. Schedule the property settlement meeting as early in the day as you can, if at all possible. This will provide ample time for all stakeholders.
Our recommendations for moving house on settlement day:
Consider moving the day after settlement, if at all possible. We can appreciate your eagerness to move into your new home as soon as possible. To make sure the settlement can be completed without the truck putting too much pressure on the land. We advise waiting another night. Our storage bays are the ideal answer if you find yourself in a limbo situation after moving out of a place but being unable to immediately move into your new location. We can keep your possessions for as little as a day or as long as you need, safely stored inside our depot. On settlement day, moving can be a stressful process. However, by doing as much planning and preparation it all helps. Contact our team for storage.
