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
AI

AI summary

After your home sells, the process is finalised with a legally binding Sale and Purchase Agreement. It's vital to engage a property lawyer to review this document, which details the price, conditions, and chattels.

A settlement period follows, typically lasting around six weeks, during which a pre-settlement inspection occurs. On settlement day, lawyers handle the final payment transfer. Once your mortgage and agent fees are paid, the remaining funds are transferred to you and keys are exchanged.

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