All Topics / Help Needed! / Steps Between Exchange & Settlement

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  • Profile photo of dammitdammit
    Member
    @dammit
    Join Date: 2005
    Post Count: 43

    Hi All

    Just wondering if anyone knows exactly what needs to be done between exchange and settlement in NSW?

    I know things like searches such as checking council rates are paid up to date, water, gas?, sewerage, etc, and then creating an 'adjustment' is done by the solicitor?

    Also i think they send something to Office of State Revenue for stamping??

    Other than that what else exactly happens, besides the solicitor communicating with the lender to ensure the funds are ready at the right amount the right time and the right place of settlement?

    (Just want to be sure nothing is forgotten because our solicitor doesn't seem to be the most reliable/'proactive' person…)

    Thanks all :)

    Profile photo of dammitdammit
    Member
    @dammit
    Join Date: 2005
    Post Count: 43

    anyone have any ideas? surely someone out there does….???  

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