How many days does it take to prepare for settlement as a seller?

The general settlement period for a property sale in Victoria is 30 days after the contract date. This is generally enough time for the seller to prepare for the sale to be completed. This timeframe is also to allow the buyer sufficient time to prepare for settling, including to complete their due diligence and loan processing prior to funds being made available. If you want to speed up the timeframe for settlement, you should contact your discharging bank to check on the usual turnaround time for a discharge to be processed. If the buyer is also ready for settlement, then you can also ask for a quicker turnaround time. In any case, before you ask for a shorter period, please also check with your conveyancing lawyer to ensure that your request can be accommodated.