settlement checklist.
To help make settlement easier, we have put together a guide of what to expect and prepare for before, during and after settlement. As always, please reach out to Customer Care if you need any assistance.
customer care
Frasers Property Australia Pty Ltd
Tel: 13 86 88
Email: customercarevic@frasersproperty.com.au
timeline our to do list your to do list
Now
5 & 7 months before settlement
We’re here to assist with any questions or concerns you may have. Let us know if we can assist in any way.
• Let us know if you change your phone number or e-mail address.
• Keep an eye out for your monthly updates for the latest settlement forecast and construction status (you’ll start to receive updates as soon as construction has commenced).
• Check that you have access to your Property Tracker and the myFrasersProperty app so that you can easily refer to your construction updates: Property Tracker
• Appoint a legal representative (solicitor or conveyancer) and provide them with a copy of your contract.
• Plan the settlement process with your legal representative.
• Commence applications for any grants you may be eligible for.
• If you are selling property to finance your purchase, begin to discuss this with local real estate agents (if you have not already) and find out when they suggest listing your property on the market to be ready for settlement. Keep them informed about changes to the settlement forecast.
We will reach out to have a chat and offer guidance in preparing for your settlement.
• If you will be obtaining a loan, begin to discuss lending capacity with your broker and start to collate any documentation they will require for your application.
• If you have cash funds set aside for settlement, ensure these are available in an Australian account and assess whether you will need to withdraw any funds from investment.
• If you are selling your residence to finance your settlement, don’t forget to consider you may need to find temporary accommodation for the time between settlement of your current property and your new home. Ensure any settlement terms agreed with your buyer will not delay the settlement of your new home.
timeline our to do list your to do list
3 months before settlement
We will reach out to remind you to commence your loan application (if you have not already).
6 to 8 weeks before settlement
We will confirm valuation access is available.
• Commence your final loan application and advise your broker/ bank that we will send confirmation once valuation access becomes available.
• Provide your legal representative with the latest forecast for settlement and introduce them to your broker/bank.
• Once we’ve confirmed valuation access is available, please forward our valuation Invitation to your broker/bank so their valuer can schedule an appointment with us.
• If you applied for a loan, let your Customer Care Consultant know once you’ve obtained conditional approval.
• If you were planning to sell your property to finance your purchase but have not yet found a buyer, you may want to consider applying for a bridging loan.
1 month before settlement
We will send you a reminder.
14 days before settlement
We will send you a reminder.
3-7 days before settlement Our solicitor will provide your legal representative with the final settlement adjustments.
• Once we’ve confirmed we have received Statement of Compliance from Council and we are lodging for Titles at the Land Titles Office. We will send you a reminder.
• Let us know once you’ve finalised your loan and received finance approval.
• If you need to release any funds from investment, coordinate this now (if you have not already).
• Complete and return final loan documentation to your broker.
• Once we have received the Title registration, we will trigger settlement. Settlements will be due 14 days after Titles have been issued.
• Check in with your legal representative and broker/bank to ensure everything is ready for your upcoming settlement.
• If you’re settling with any cash funds, transfer these to the bank account nominated by your broker and/or legal representative.
