Damp-ish would be okay, but I would not suggest soaking the soil since it's had a great drink already. See the post, "Watering my string of beads," here in the C&S forum for a great soil recipe from Josh. He even shows pics. Peat compacts a lot.

I don't let my plants rest before repotting. It might be best just to get it in a medium it would be most happy with sooner rather than later, but you can feel it out. I don't think it's going to be "deadly" to let it rest.

I would trim the roots back a bit if they're very long and repot right away. Watering depends on what kind of soil you're using. If it's a fine soil like most packaged soils, then it will hold more water and you must be careful not to rot the plant. If it's a coarse soil like the one hort lvr mentioned or the one I'm linking to below, then you can water right away because the soil has plenty of air porosity even when saturated. I thoroughly water all my plants immediately after repotting into a coarse mix and have never lost one.

Also, adding grit to a peat based soil does not improve drainage until the soil becomes far more grit than peat. This is because the peat will simply fill in the spaces between the grit particles.

Here is a link that might be useful: succulent soil mix

Wow! I like that mix, penfold2. Do you use it for your plants?

I use something very similar. I just substitute a granular diatomaceous earth product for the granite grit, and leave out the small amount of sand and vermiculite. It looks almost identical to the soil pictured in that thread. I have almost all of my plants in this mix now and I've seen a few small improvements, but this summer will be the real test since many of them have been pretty much dormant for the winter.

Last spring I started to repot all my plants into mixes that were based on turface.

I used 50-50 turface:perlite for big pots to reduce the weight. There is 0 inherent nutrition here, so supplementing is a must.

For everything else, about 2 parts turface: 1 part lava rock: 1 part fine gravel: 1 part clayey garden soil. Nutrition is quite minimal so depending on what you are growing, this may be a good thing, but some supplementing is usually needed.

So far I am very pleased. There is no fear of drenching, which is vital to rid potting substrates of built-up ion salts. Aeration is superb. And the turface's superior water retention ensures that fine roots do not dessicate during the plant's dormant periods.

x

Here's another great thread I stumbled upon!

Here is a link that might be useful: Soil Mixtures

Thanks for the replies and the links! I went ahead and potted it up. It is looking good so far.