Things to do when buying
It is your responsibility to make arrangements for connection of the power, gas and telephone services to the property. We cannot attend to those matters for you as they are ‘occupier’ agreements. We will, however, notify the Local Authority, Water Corporation or alternate water supply authority (if applicable) of the change of ownership and arrange for the water meter to be read as close as possible to settlement date. With a small number of multi-story Strata Units electricity and gas may be read and adjusted by the Strata Company but this will be clear on their response to our enquiry.
As far as INSURANCE is concerned, the property is generally at your risk from the date of settlement OR possession date, i.e. the date from which you occupy the property, whichever is the earlier. With the exception of common insurance on strata title properties, we cannot make insurance arrangements for you. It is strongly recommended that you make adequate arrangements for insurance for both the property and your contents, direct with the Insurer. Please arrange the insurance prior to settlement or possession date, whichever occurs first. PLEASE NOTE, the majority of Lenders will require to see, prior to settlement being arranged, adequate insurance cover in the form of the “Certificate of Currency”. Please refer to your loan documents, which will normally outline insurance requirements. Failure to provide a copy of the insurance certificate to your Lender may result in settlement being delayed and penalties being applied by the Seller.
You may wish to organise a re-direction of your mail to your new address.
Don’t forget to provide your new address and contact details to friends, relatives, sporting organisations, health providers, schools and anyone else with whom you deal regularly. Change your address with the Electoral Commission as soon as you move to ensure this is not overlooked.
You may wish to obtain quotes and book a removalist prior to the settlement date. Make sure that you are regularly in touch with us so that we can inform you if there is likely to be any delay in settlement. Unfortunately, due to the multiple parties involved, we cannot guarantee that settlement will be effected on the due date but will endeavour to achieve your contracted settlement date and with your help ensure you are ready to settle at that date.
Either you or the seller may delay settlement for up to three business days after the due date, so, unfortunately, the contracted date is not assured.
If you have any queries concerning any aspect of your transaction, please contact us without delay.