Every necessary document has been signed, finances are arranged, and the finish line is in sight. This is where the property is finally becoming yours, making you excited and anxious at the same time. However, the excitement must not be the reason to forget one of the most pivotal steps of property transfer: pre-settlement inspection.
It’s a smart, strategic step that ensures you receive all that was agreed upon. With this article, let’s explore more about why a pre-settlement inspection is more than just a formality.
What Is a Pre-Settlement Inspection?
A pre-settlement inspection is your last opportunity to review the property before settlement day. It’s arranged shortly before finalising the purchase, giving you the chance to confirm the home is in the same condition as when contracts were signed. You also verify that any agreed-upon repairs or inclusions have been completed.
In Victoria, buyers usually carry out this inspection within the week leading to settlement. Your agent or conveyancer coordinates access with the seller or their representative. It’s not a negotiation, rather a final check to ensure you receive everything you’ve spent your hard earned money upon.
Why Is It Important?
Property settlement inspections are vital. Here’s why:
Ensure the Property Is in the Promised Condition
The home must have endured no new damage, or removals of fittings or changes that weren’t discussed. This is your moment to cross-check the condition, structure, and cleanliness.
Check if Repairs (if any) Have Been Made
Buyers often negotiate minor repairs into the contract. These might include a leaky tap fix or patching a wall. During this inspection, confirm the agreed repairs have been carried out to standard.
Confirm Intactness of Fixtures and Fittings
From light fittings to curtains, dishwashers to smoke alarms, if these items were included in the contract, they must remain in place. Use your original agreement to guide this step.
Spot Last-Minute Damage or Issues
Few properties may undergo a move-out right before the settlement. During this process there are chances of accidental damage. Pre-settlement inspection allows you to check for cracked tiles, scratched walls or broken fittings that weren’t there before.
Avoid Post-Settlement Disputes
Inspection offers the chance to raise concerns before money changes hands, helping prevent legal back-and-forth or out-of-pocket expenses later.
What Should You Look For During the Final Inspection?
Depending on the size and complexity of the property, conducting a thorough inspection can be tedious, often leading to missed spaces. Therefore, proper planning is required.
Here are a few things to look out for:
- Functioning appliances including oven, dishwasher and stovetop
- Cleanliness and overall condition of rooms, floors and surfaces
- Working taps, toilets, showers and lights across the property
- Operating as expected garage doors, air conditioners, and heaters
- Availability of fixtures like curtains, shelves, fans or any other inclusions listed in the contract
- Properly opening, closing and locking of windows and doors
- Working smoke alarms
- Signs of pest infestation in cupboards or corners
- Tidy outdoor areas including gardens, fences and bins
- Heating system and electrical panels working without fault or delay
Tips for a Smooth Pre-Settlement Inspection
A bit of preparation makes all the difference. Walk in with a plan and walk out with confidence by keeping these points in mind:
- Book an early inspection
- Bring a copy of the signed contract
- Take clear photos or videos if you notice anything concerning
- Don’t hesitate to ask your conveyancer for guidance
- Check every room including sheds, garages and balconies
- Confirm any verbal agreements with written notes
This inspection isn’t just about ticking boxes. It’s your final assurance that the property you’re settling into is everything you expected.
Common Issues Found During Pre Settlement Inspection
Despite clear agreements, buyers do uncover issues during this stage. Knowing the most common reported issues enables you to maintain a key eye, so these do not escape your sight.
Here are a few examples:
- Damaged walls or flooring from moving furniture
- Missing fixtures or furniture, if specified in the contract
- Property not cleaned properly before handover
- Repairs outlined in the agreement left incomplete
- Windows or doors not locking securely or showing signs of wear
- Garden or outdoor spaces neglected or left untidy
- Appliances that do not power on or work as expected
- Signs of pest activity in overlooked corners or storage areas
- Removal of fixtures that were contractually included
Concluding Words
A pre-settlement inspection might seem like a formality. However, it plays a key role in your property journey. Therefore, it’s essential to approach it with care. Doing so provides your conveyancer to act swiftly if anything falls short of expectations.
Easy Link Conveyancing: Trusted Conveyancing Firm With Offices Across Victoria and NSW
We manage the legal and administrative work of buying, selling and transferring property with a personalised and transparent approach. From reviewing contracts to handling settlements, we ensure a seamless property journey for every client. Reach out for a stress-free property transfer.