When an offer is made on your property

When a potential buyer wants to make an offer the agent will draw up a sale and purchase agreement. You can negotiate the terms and conditions of the agreement.

The sale and purchase agreement is legally binding. Read it carefully and raise any issues with the salesperson. Have your lawyer check the agreement before you sign.

Read more about the sales and purchase agreement.

Download the Sale and Purchase Agreement Guide (.pdf 551KB) 

This guide is also available in a number of languages in the Forms and publications section.​

The salesperson will then present the offer to you

You can consider the offer, taking into account the amount offered and any conditions attached. It is entirely your decision whether to accept the offer or not. The property will remain available for sale to others during this process.

It’s common for a conditional offer to be made

This means the offer is subject to a number of conditions that must be met before the agreement goes unconditional and the sale takes place.

Common examples include making the offer subject to:

If the price or conditions are not acceptable to you

​You can negotiate with the prospective buyer, through the salesperson to reach a mutual agreement. The sale and purchase agreement may be amended a number of times during this process. The agent will ask you and the buyer to initial any amendments to show you agree with them. Read any changes and make sure they are acceptable to you before initialling them.

When you have reached agreement

You and the buyer will be asked to sign the final version of the sale and purchase agreement. This is a legally binding document and it is important to have it checked by your lawyer before you sign.

You cannot change your mind once you have signed a sale and purchase agreement

When you and the buyer have signed the agreement, you will have a contract. The process of working through any conditions towards settlement will begin. When conditions are satisfied, the sale will go ahead.​ ​

Glossary