What Happens Advice?

So i was thinking of selling my domain name to my blog since my hosting for the month is about to run out for the blog. I do not want to renew as i want to create another site. So once i sell the domain what happens to the blog i am using hostgator for the hosting site. Do they also aquire the site or the domain? I was just curious on this once i got to thinking about it i have the domain parked with sedo and listed as well already. Also once sold how does the giving process work as i cannot transfer since i still have the 60 day lock. Not really sure how to give my domain from hostgator to the buyer. Does it just go through sedo? Any help is much appreciated...

there is no 60 day rule if you are transferring it to a different account with the same registrar. for example i can register a name on godaddy right now and sell it to someone tomorrow and push it to their account easily with no problem. i would have to wait 60 days to do a full transfer into a different registrar such as a namecheap account. once you sell the domain the blog wont show up anymore on it and you can just delist the name from sedo.

Awesome thank you for the response. I parked my domain it finally showed it as being so instead of bringing up my blog. I was just curious how this worked out. Thank you for the response i was having trouble understanding the whole 60 day rule. Much appreciated.