How long is needed to book in settlement?

Discussion in 'Legal Issues' started by klabat, 14th Dec, 2017.

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  1. klabat

    klabat Well-Known Member

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    Just wondering how long is needed to book in settlement?

    If time was of the essence could 24hours before settlement day happen?

    Settlement for the property is of cash paid transaction, no mortgage/ lenders.
     
    klabat, 14th Dec, 2017
    #1
  2. Trainee

    Trainee Well-Known Member

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    Does the seller have a mortgage?
     
    Trainee, 14th Dec, 2017
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  3. Perthguy

    Perthguy Well-Known Member

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    You would need to check with your Solicitor, Conveyancer or Settlement Agent.
     
    Perthguy, 14th Dec, 2017
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  4. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

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    most lenders can do a settlement within 24 hrs in need
    some even same day

    but you need all the ducks lined up

    ta
    rolf
     
    Rolf Latham, 14th Dec, 2017
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  5. klabat

    klabat Well-Known Member

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    seller no mortgage, buyer cash purchase
     
    klabat, 14th Dec, 2017
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  6. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    5min to 24 hours. But you need cheque directions and time to get the cheques drawn
     
    Terry_w, 14th Dec, 2017
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  7. RPI

    RPI SDA Provider, Town Planner, Former Property Lawyer

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    If there are no lenders then it is just the solicitor's clerks meeting somewhere, usually seller's solicitor's office. If manual then (QLD anyway) transfer documents must be signed by seller in front of qualified witness. If you want to adjust for rates and water then 10 days in some council areas.
     
    RPI, 14th Dec, 2017
    #7
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