Living Blog

When Do I Pick Up The Keys?

Buying a new home is an exciting time and as soon as it settles, most clients just want to move in. But when can you receive the keys?

The keys are usually handed over by the estate agent (or the seller if no agent is involved) after the property has settled. Settlement is the exchange of money to the vendor (previous owner of the property) for the purchase of your new residence or investment property.

The process is as follows:

  1. The settlement of the transaction takes place.
  2. An “Order on the Agent” is faxed to the real estate agent involved. The Order on the Agent is a letter from the...