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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After your home sells, the process is finalised with a legally binding Sale and Purchase Agreement. It is crucial to have a property lawyer review this document, which outlines the price, conditions, and key dates.

A deposit is paid, followed by the settlement period (often six weeks), which includes a pre-settlement inspection. On settlement day, the buyer pays the remaining balance, your lawyer handles paying fees and your mortgage, and ownership is officially transferred to the new owner.

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