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 finalized with a Sale and Purchase Agreement, which a property lawyer must review.

This begins the settlement period, typically lasting six weeks and including a pre-settlement inspection. On settlement day, lawyers manage the final payment and transfer of ownership. Once agent fees and any mortgage are paid from the proceeds, you receive the balance of the sale price and the keys are handed over 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