The agent will assist both the owners and the purchasers to ensure all conditions are met. If the offer is subject to finance, the purchaser will need to lodge all necessary paperwork with their broker or bank to allow them to assess the application to borrow the money to buy the house. During this period the property is officially under offer and generally another offer cannot be accepted, and the house is no longer on the market. An “under offer” sticker is placed on the signboard. It is a t this time that a settlement agent needs to be engaged by the sellers. The agent should be able to assist in recommending one for you. Once the finance has been approved the house is sold and moves to the settlement period.