{"id":7315,"date":"2017-11-30T22:00:21","date_gmt":"2017-11-30T22:00:21","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/how-do-you-make-an-offer-on-your-dream-home\/"},"modified":"2017-11-30T22:00:21","modified_gmt":"2017-11-30T22:00:21","slug":"how-do-you-make-an-offer-on-your-dream-home","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/how-do-you-make-an-offer-on-your-dream-home\/","title":{"rendered":"How do you make an offer on your dream home?"},"content":{"rendered":"<p><\/p>\n<div id=\"\">\n<p><strong>When it comes to making an <a href=\"https:\/\/amazingproperty.com.ng\/blog\/tips-for-house-price-negotiation\/\">offer<\/a> on a dream home, it seems everyone\u2019s an expert. <\/strong><\/p>\n<p>Go in high, some people insist. Low-balling is the way to go, according to others. But the reality is more complex.<\/p>\n<p>Jarrod McCabe, associate director at Wakelin Property Advisory, an independent buyers\u2019 agent in Melbourne, says there\u2019s no \u201cone size fits all\u201d approach to putting in an offer \u2013 especially on a dream home.<\/p>\n<p>He recommends buyers put well-meaning advice aside and instead treat every potential purchase as unique.<\/p>\n<p>\u201cThe first piece of advice is to understand that every negotiation, and every property sale, is different, so there\u2019s no hard and fast rules,\u201d McCabe says.<\/p>\n<p>\u201cThis is especially true when you consider you can buy at private sale, before an auction, at auction or after auction, in a \u2018passed-in\u2019 scenario. All these situations vary greatly, so you need to work on a case-by-case basis,\u201d he says.<\/p>\n<p>McCabe says being successful comes down to four key factors:<\/p>\n<ul>\n<li>Careful research to inform an offer<\/li>\n<li>Understanding the sale process and terms<\/li>\n<li>Being objective and prepared to walk away<\/li>\n<li>Communication with the selling agent<\/li>\n<\/ul>\n<h2>Do your research<\/h2>\n<p>Just like the Scouts say, buyers need to be prepared, McCabe says.<\/p>\n<p>\u201cLook at recent sales evidence and compare directly to the property you\u2019re looking at, to understand where the property value sits,\u201d he says.<\/p>\n<p>\u201cYou need to have a good understanding of the local market and other similar properties that are available and use that to your advantage when making an offer and negotiating,\u201d McCabe says.<\/p>\n<div id=\"attachment_253021\" style=\"width: 810px\" class=\"wp-caption aligncenter\" readability=\"32\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.realestate.com.au\/blog\/wp-content\/uploads\/2017\/11\/24125403\/71-hanover-street-fitzroy_800x600.jpg?resize=800%2C600&#038;ssl=1\" alt=\"71 hanover street fitzroy_\" width=\"800\" height=\"600\" class=\"wp-image-253021 size-full\" srcset=\"https:\/\/www.realestate.com.au\/blog\/wp-content\/uploads\/2017\/11\/24125403\/71-hanover-street-fitzroy_800x600.jpg 800w, https:\/\/www.realestate.com.au\/blog\/wp-content\/uploads\/2017\/11\/24125403\/71-hanover-street-fitzroy_800x600-160x120.jpg 160w, https:\/\/www.realestate.com.au\/blog\/wp-content\/uploads\/2017\/11\/24125403\/71-hanover-street-fitzroy_800x600-300x225.jpg 300w, https:\/\/www.realestate.com.au\/blog\/wp-content\/uploads\/2017\/11\/24125403\/71-hanover-street-fitzroy_800x600-100x75.jpg 100w, https:\/\/www.realestate.com.au\/blog\/wp-content\/uploads\/2017\/11\/24125403\/71-hanover-street-fitzroy_800x600-200x150.jpg 200w, https:\/\/www.realestate.com.au\/blog\/wp-content\/uploads\/2017\/11\/24125403\/71-hanover-street-fitzroy_800x600-400x300.jpg 400w, https:\/\/www.realestate.com.au\/blog\/wp-content\/uploads\/2017\/11\/24125403\/71-hanover-street-fitzroy_800x600-600x450.jpg 600w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\"\/><\/p>\n<p class=\"wp-caption-text\">Look at sales data for similar properties in your area. Picture: realestate.com.au\/sold<\/p>\n<\/div>\n<h2>Understand the sale process<\/h2>\n<p>Would-be buyers must also understand the specific sale methodology being used to sell the property, McCabe says.<\/p>\n<p>\u201cYou need to ask questions to understand how the sale is going to be handled, so you can approach it in the right way,\u201d he says.<\/p>\n<p>\u201cWhat is the offer process? Will the property go to the highest and best offer? Will there be a boardroom auction? Will the agent give the first bidder a right of reply? Will offers be disclosed? These are the sorts of things you need to know, as different agents handle sales in different ways.<\/p>\n<p>Also investigate settlement terms, deposit amount and other aspects of the contract of sale, which can be exploited in a negotiation.<\/p>\n<p>\u201cIt\u2019s impossible to buy a property without knowing the rules of engagement.\u201d<\/p>\n<h2>Remain objective<\/h2>\n<p>Even when a dream home is involved, buyers should remain objective and be prepared to walk away.<\/p>\n<p>\u201cIt\u2019s simple, if you\u2019re not prepared to walk away, you will get taken for a ride at some stage,\u201d he says.<\/p>\n<p>\u201cBe determined, single-minded and well-informed. Most people who are that way tend to do well.\u201d<\/p>\n<h2>Communicate with the agent<\/h2>\n<div id=\"attachment_253022\" style=\"width: 2010px\" class=\"wp-caption aligncenter\" readability=\"32\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/www.realestate.com.au\/blog\/wp-content\/uploads\/2017\/11\/24125405\/real-estate-inspection_2000x1500.jpg?resize=2000%2C1500&#038;ssl=1\" alt=\"real estate inspection\" width=\"2000\" height=\"1500\" class=\"size-full wp-image-253022\" srcset=\"https:\/\/www.realestate.com.au\/blog\/wp-content\/uploads\/2017\/11\/24125405\/real-estate-inspection_2000x1500.jpg 2000w, https:\/\/www.realestate.com.au\/blog\/wp-content\/uploads\/2017\/11\/24125405\/real-estate-inspection_2000x1500-160x120.jpg 160w, https:\/\/www.realestate.com.au\/blog\/wp-content\/uploads\/2017\/11\/24125405\/real-estate-inspection_2000x1500-300x225.jpg 300w, https:\/\/www.realestate.com.au\/blog\/wp-content\/uploads\/2017\/11\/24125405\/real-estate-inspection_2000x1500-100x75.jpg 100w, https:\/\/www.realestate.com.au\/blog\/wp-content\/uploads\/2017\/11\/24125405\/real-estate-inspection_2000x1500-200x150.jpg 200w, https:\/\/www.realestate.com.au\/blog\/wp-content\/uploads\/2017\/11\/24125405\/real-estate-inspection_2000x1500-400x300.jpg 400w, https:\/\/www.realestate.com.au\/blog\/wp-content\/uploads\/2017\/11\/24125405\/real-estate-inspection_2000x1500-600x450.jpg 600w, https:\/\/www.realestate.com.au\/blog\/wp-content\/uploads\/2017\/11\/24125405\/real-estate-inspection_2000x1500-800x600.jpg 800w, https:\/\/www.realestate.com.au\/blog\/wp-content\/uploads\/2017\/11\/24125405\/real-estate-inspection_2000x1500-1200x900.jpg 1200w, https:\/\/www.realestate.com.au\/blog\/wp-content\/uploads\/2017\/11\/24125405\/real-estate-inspection_2000x1500-1400x1050.jpg 1400w\" sizes=\"auto, (max-width: 2000px) 100vw, 2000px\"\/><\/p>\n<p class=\"wp-caption-text\">It\u2019s important to communicate your interest to the agent. Picture: Getty<\/p>\n<\/div>\n<p>McCabe says buyers need to strike a careful balance in their communication with the selling agent.<\/p>\n<p>\u201cSome people say \u2018don\u2019t tell the agent anything\u2019, but there is absolutely nothing wrong with showing you\u2019re keen on a property. Tell them you really like it and that you would like to be kept in the loop, that\u2019s a good way to approach it.<\/p>\n<p>\u201cOf course, never tell the agent what your budget is, keep that close to your chest, so you can get the property for the best possible price.\u201d<\/p>\n<p>&#13;\n                  <\/p><\/div>\n<p><a hre=\"https:\/\/www.realestate.com.au\/advice\/how-do-you-make-an-offer-on-your-dream-home\/\">Realestate au <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When it comes to making an offer on a dream home, it seems everyone\u2019s an expert. &hellip; <a title=\"How do you make an offer on your dream home?\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/how-do-you-make-an-offer-on-your-dream-home\/\"><span class=\"screen-reader-text\">How do you make an offer on your dream home?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7316,"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":[695,1403,15239,12908,543,3021,41,255,818,84,10234],"class_list":["post-7315","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-agent","tag-buy","tag-chase","tag-home","tag-home-buying-guide","tag-private-sale","tag-property","tag-property-sale","tag-real","tag-real-estate","tag-settlement"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/71-hanover-street-fitzroy_800x600.jpg?fit=800%2C600&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":8281,"url":"https:\/\/amazingproperty.com.ng\/blog\/do-some-property-types-sell-better-than-others-at-certain-times-of-year\/","url_meta":{"origin":7315,"position":0},"title":"Do some property types sell better than others at certain times of year?","author":"Amazing Property","date":"February 15, 2018","format":false,"excerpt":"Choosing the right time of year to sell your property is an inexact science. 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These are your\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Carpark 2000x1500.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/carpark_2000x1500.jpg?fit=1200%2C900&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/carpark_2000x1500.jpg?fit=1200%2C900&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/carpark_2000x1500.jpg?fit=1200%2C900&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/carpark_2000x1500.jpg?fit=1200%2C900&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/carpark_2000x1500.jpg?fit=1200%2C900&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":4808,"url":"https:\/\/amazingproperty.com.ng\/blog\/when-to-make-an-offer-on-your-dream-home\/","url_meta":{"origin":7315,"position":2},"title":"When to make an offer on your dream home","author":"Amazing Property","date":"June 1, 2017","format":false,"excerpt":"[ad_1] Every property purchase is unique, but there are some golden rules about when to make an offer, according to one industry expert. 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Picture: Realestate.com.au Director of Wakelin Property Advisory Richard Wakelin says knowing exactly when and how to make\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Paperwork","src":"https:\/\/i0.wp.com\/www.realestate.com.au\/blog\/wp-content\/uploads\/2015\/05\/08170129\/Paperwork-2000x1500-1024x768.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.realestate.com.au\/blog\/wp-content\/uploads\/2015\/05\/08170129\/Paperwork-2000x1500-1024x768.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.realestate.com.au\/blog\/wp-content\/uploads\/2015\/05\/08170129\/Paperwork-2000x1500-1024x768.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.realestate.com.au\/blog\/wp-content\/uploads\/2015\/05\/08170129\/Paperwork-2000x1500-1024x768.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":5276,"url":"https:\/\/amazingproperty.com.ng\/blog\/how-to-tell-if-youre-ready-to-invest\/","url_meta":{"origin":7315,"position":3},"title":"How to tell if you\u2019re ready to invest","author":"Amazing Property","date":"July 11, 2017","format":false,"excerpt":"Buying an investment property sounds like a relatively simple proposition. But how do you know when you\u2019re really ready to invest? According to the experts, there are some key things you should have in place before you consider yourself ready to make the leap. 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David Holmes, LJ Hooker\u2019s national auction manager, shares his advice. Property auctions can be intimidating. Picture: Getty Four top tips for a successful auction day\u2026 Be prepared Holmes says\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Private Sale Vs Auction 800x600.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/private-sale-vs-auction_800x600.jpg?fit=800%2C600&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/private-sale-vs-auction_800x600.jpg?fit=800%2C600&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/private-sale-vs-auction_800x600.jpg?fit=800%2C600&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/private-sale-vs-auction_800x600.jpg?fit=800%2C600&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7315","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=7315"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7315\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/7316"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=7315"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=7315"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=7315"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}