{"id":7307,"date":"2017-11-30T22:07:26","date_gmt":"2017-11-30T22:07:26","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/how-to-make-the-best-offer-on-a-property\/"},"modified":"2017-11-30T22:07:26","modified_gmt":"2017-11-30T22:07:26","slug":"how-to-make-the-best-offer-on-a-property","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/how-to-make-the-best-offer-on-a-property\/","title":{"rendered":"How to make the best offer on a property"},"content":{"rendered":"

<\/p>\n

\n

Leading buyers advocate Cate Bakos outlines a few ways to make an offer<\/a> the vendor can\u2019t refuse.<\/span><\/strong><\/p>\n

As a homebuyer, if your purchase method is not \u2018under the hammer\u2019, chances are you will be dealing with negotiation in some shape or form. <\/span><\/p>\n

Whether that\u2019s negotiating with the vendor via the agent, negotiating against other competing buyers or submitting a \u2018one and only\u2019 offer, it\u2019s important to think carefully about how to make your offer stand out for all the right reasons.\u00a0<\/span><\/p>\n

\"Fitzroy<\/p>\n

When it comes to your dream home, it\u2019s important to feel good about your offer. Picture: realestate.com.au\/buy<\/p>\n<\/div>\n

Put yourself in the vendor\u2019s shoes<\/h2>\n

Without a good understanding of the vendor\u2019s situation it can be very difficult to frame your offer in the right way. <\/span><\/p>\n

For example, if a vendor has already secured their next home, ensuring that your offer presents a settlement date that makes their purchase stress-free can make a world of difference. <\/span><\/p>\n

Nobody likes renegotiating their settlement date for their next move; having to bunk up with family or friends if it\u2019s avoidable; or worst of all, facing expensive bridging finance. <\/span><\/p>\n

Merging settlement dates is the first tip. <\/span><\/p>\n

There may also be other things you could suggest that may help your offer appeal to the vendor, such as allowing them to rent the property back from you for a short period while they property search<\/a>, build or take time to pack.<\/span><\/p>\n

Finding out more about the vendor\u2019s next move is not always as easy as it seems and good agents will generally guard their vendor\u2019s privacy. <\/span><\/p>\n

So rather than cornering an agent for this type of information, adopt a supportive approach with the vendor in mind.\u00a0<\/span><\/p>\n

\"South<\/p>\n

An agent can be your friend, not your enemy, when helping you secure \u2018the one\u2019.\u00a0 Picture: realestate.com.au\/buy<\/p>\n<\/div>\n

Ask the right questions<\/h2>\n

Good questions include \u201cIs there a particular settlement date that the vendors would prefer?\u201d, or \u201cCan you suggest any conditions or terms I could offer that would strengthen my offer?\u201d.\u00a0<\/span><\/p>\n

An important factor to consider is risk, and more importantly, the risk that your offer represents to the vendor, particularly when they are faced with competing offers. If your offer is subject to a set of conditions, for example, the vendors will take them into account and they will likely weaken your offer. <\/span><\/p>\n

Of course, all vendors are different, however a vendor who\u2019s experienced a previous sale \u2018fall over\u2019 due to finance not being obtained is likely to be nervy about a finance clause. <\/span><\/p>\n

Likewise, if their property is old and they are faced with two offers, they will favour the offer which is not subject to a building inspection.<\/span><\/p>\n

Being prepared, having pre-approval in place and finding a building inspector to do the inspection in a shorter time frame can make all the difference.<\/span><\/p>\n

Visit Suncorp\u2019s handy\u00a0<\/span>home buying guide\u00a0for more tips about buying a home.<\/span><\/p>\n

\u00a0<\/p>\n

\n <\/p><\/div>\n

Realestate au <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Leading buyers advocate Cate Bakos outlines a few ways to make an offer the vendor can\u2019t … How to make the best offer on a property<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7308,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[695,4811,1403,180,15239,12908,543,4417,41,818,10234,17],"class_list":["post-7307","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-agent","tag-an-agent","tag-buy","tag-buying-a-home","tag-chase","tag-home","tag-home-buying-guide","tag-how-to-make-the-best-offer-on-a-property","tag-property","tag-real","tag-settlement","tag-vendor"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/Fitzroy-home-4x3R.jpg?fit=1004%2C753&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":9980,"url":"https:\/\/amazingproperty.com.ng\/blog\/how-to-buy-property-through-private-sale\/","url_meta":{"origin":7307,"position":0},"title":"How to buy property through private sale","author":"Amazing Property","date":"March 26, 2020","format":false,"excerpt":"\u00a0 Amid the COVID-19 pandemic more agents and vendors will opt for private sales as bans on gatherings have taken effect around the country. 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