What Happens After Your Offer Is Accepted?

Having your offer accepted is an exciting step, but the property is not officially yours yet. After acceptance, the selling agent will usually confirm the agreed price, deposit, settlement period and any conditions attached to the offer. This is the time to slow down, stay organised and make sure everything is clearly documented.

Your solicitor or conveyancer should review the contract before you exchange. Depending on the terms of your offer, you may also need to complete building and pest inspections, review strata information if applicable, confirm finance approval and organise insurance. In Byron Bay and the Northern Rivers, this stage is especially important because buyers may also need to consider flood risk, bushfire exposure, zoning, unapproved works or other local property factors.

Once you are comfortable with the contract and due diligence, contracts can be exchanged. In NSW, some purchases may include a cooling-off period, while auction purchases usually do not, so it is important to get legal advice specific to your situation before committing. After exchange, the sale becomes legally binding and the settlement period begins.

During settlement, your solicitor or conveyancer, lender and the seller’s representatives work through the final legal and financial steps. You may need to sign loan documents, prepare remaining funds, confirm insurance and arrange a final inspection before settlement day. The final inspection is your opportunity to check that the property is in the expected condition before ownership transfers.

At RSW Buyers Agency, we help buyers move through this stage with clarity and less stress. From liaising with agents to coordinating inspections, tracking key dates and supporting communication through to settlement, our role is to help make sure nothing important is missed after your offer is accepted.