Your goal should be to compile the offer so you get the best deal possible. To achieve this, the major point to remember is that a great offer has many more components than just the price, though this is a great place to start.
In many cases, real estate agents will give you a price guide however it's important to know agents will guide at the lower end of the seller's price expectations to ensure they attract interest in the property. Determining the price of a property can be a challenge so if you really want to jump ahead of your competition, take a look at our Buyer Success Pack which covers how to pinpoint your property price.
• Duration of the cooling period.
• Indicate whether the offer will be subject to successful finance approval, and successful building + pest inspections.
• The amount of deposit.
• Settlement duration – ie – how many weeks between exchange and the date the property becomes yours.
If you've been looking at property for even just a short while, you will know buying successfully is not as straight forward as it seems. If you want a streamlined, step by step process to buying property through direct offer, check out our 'How to buy a property through direct offer' component of our popular Buyer Success Pack – click here for details.
Debra Beck-Mewing is the Founder and CEO of The Property Frontline. She has more than 20 years' experience in buying property Australia-wide, and is skilled in helping buyers use a range of strategies including renovating, granny flats, sub-division and development. Debra is experienced in identifying tailored opportunities, homes and sourcing properties that have multiple uses. She is a Qualified Property Investment Advisor, licensed real estate agent and also holds a Bachelor of Commerce and Master of Business. As a passionate advocate for increasing transparency in the property and wealth industries, Debra is a popular speaker on these topics. She is also an author, podcast host, Editor in Chief of Property Portfolio Magazine and participates on numerous committees including the Property Owners' Association.
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Disclaimer – This information is of a general nature only and does not constitute professional advice. We strongly recommend you seek your own professional advice in relation to your particular circumstances.