The pre-settlement inspection is to ensure that the purchaser can inspect and be satisfied with the condition of the property before it formally transfers hands. Give at least two days before settlement date for a pre-settlement inspection to be completed. This is normally done via contacting the real estate agent or vendor.
It is often helpful to bring a copy of the sale and purchase agreement with you to the inspection so you can refer to any conditions that might make a difference to the inspection (e.g. any condition providing that a a chattel or chattels might be transferred on an “as is where is basis”).
Things to look out for: Within the House
All Light switches / outlets are in working order
All windows & doors have no defects and open and close smoothly
All locks are secure, provided keys / keycodes function, garage door remote works
All taps are functional with no leaks
Ceiling has no cavities or leaks
No mold, stains, defects on walls and floors / carpet
Alarm systems (if any) are fully operable (Smoke / Fire / Security)
Hot water system fully functional
Bathroom
Extractor / Ventilation fan is in working order
Toilet flushes correctly, no blockages in plumbing
Drainage is appropriate for shower / vanity / toilet
Water pressure is satisfactory
Kitchen
Rangehood works and is to an adequate standard of cleanliness
Oven / dishwasher / hotplate / stove are fully functional and sufficiently clean
Chattels
Check that all chattels listed on the S&P agreement are present and in working order (e.g. Appliances like the washing machine dryer are fully operable)
Outside the House
No defects to fencing / driveway
Survey the condition of the backyard and ensure that it is satisfactory
Drainage systems are fully functioning
Lastly ensure that if the vendor has agreed to carry out maintenance / repairs, check that the matters have been completed satisfactorily. Make sure that all occupant’s belongings have been removed or will be able to be removed at settlement.
It is also a good idea to ensure that both parties establish where the responsibility lies with regards to rubbish disposal upon settlement.
If you do run into any issues that need to be rectified do let us know as it will be much easier rectify pre-settlement as opposed to post settlement.
Have Questions About Pre-Settlement Inspections or Property Transactions?
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