Once finance is approved a “sold” sticker is placed on the signboard, (generally a happy time), and the owners can then prepare to move. Other conditions may need to be satisfied, such as a building inspection or pest control inspection. Once these have been completed the next step is the pre-settlement inspection. This is when the buyers, sellers and agent meet at the house and check that all those things that should be working, are working. This includes such things as lights, air conditioning, oven, hotplates, reticulation, hot water system to name just a few. If there any items that require fixing as part of the contract conditions, then it is the owners responsibility to have them rectified prior to settlement.