Selling guide

What happens next after your home sells?

There will be a final push to get your sale over the finish line.

Al Hall
Last updated: 13 February 2025 | 5 min read
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AI summary

Once your home sells, you'll sign a Sale and Purchase Agreement, a legal contract best reviewed with a property lawyer. The buyer typically pays a deposit into a trust account.

The settlement period follows, allowing time for a pre-settlement inspection to ensure the property's condition hasn't changed. On settlement day, lawyers manage the final payment transfer, your mortgage and agent fees are paid, and ownership is officially transferred to the buyer who then receives the keys.

How do I accept an offer for my property?

If you sold by tender, you review all offers by a deadline and select which (if any) you want to accept.

What is the sale and purchase agreement?

When will you receive the money from your home sale?

You should talk to a lawyer before signing the sale and purchase agreement.

What is the settlement period, and what happens in this phase?

What happens on settlement day?

Author

Al Hall Al Hall
Content Writer