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9 Essential Tips for Making an Offer on a Property

9 Essential Tips for Making an Offer on a Property

Are you ready to take the plunge into the world of real estate and make an offer on a property? Whether you're a first-time homebuyer or a seasoned investor, the process can be both exciting and nerve-wracking. To help you navigate this crucial step, we've compiled a comprehensive list of 9 essential tips to ensure you're well-prepared and confident when making an offer on your dream property.

  • Compare the Market
    Before you make an offer, it's imperative to understand the local property market. Research recent sales, attend open houses and speak to local agents to gain insights into property values and market trends. This knowledge will empower you to make a well-informed offer.

  • Determine your needs and wants
    Ensure you narrow down your property options for effective comparison. For instance, if you prefer a new, unlived-in property, consider Off-The-Plan (OTP) options. This not only aligns with your preference but could also lead to potential stamp duty savings. This strategic choice may outweigh the benefits of purchasing an already-built brand-new property, where stamp duty savings might not apply.
  • Review the Paperwork
    A contract of sale contains vital information about the property, including zoning certificates, land plans and settlement details. Carefully review this paperwork to ensure that it's fair and in order. If you have any doubts, seek legal advice.

  • Engage With a Conveyancer
    Consider hiring a solicitor or conveyancer who can scrutinise the fine print of the paperwork, ensuring there are no hidden pitfalls. They will handle the legal aspects of the transaction and provide guidance, ultimately safeguarding your interests.

  • Indicate Your Interest to the Agent
    Don't play your cards too close to your chest. If you're interested in a property, inform the sales agent. This can help you stay in the loop regarding other offers and gain insights.

  • Line Up Your Financing
    Secure your financing in advance by obtaining conditional approval from your lender. This ensures you're ready to move quickly when your offer is accepted, preventing delays and missed opportunities.

  • Consider the Seller's Motivations
    Every seller has a unique reason for selling, which can influence their price expectations and conditions. Work with the agent to understand the seller's motivations and tailor your offer accordingly.

  • Decide on a Price
    Determining your offer price involves considering factors such as market research, your budget, property appeal and the seller's motivations. Once you've decided, put your offer in writing and present it to the agent.

  • Be Prepared for Negotiation
    In many cases, your initial offer may not be accepted. Be prepared for negotiation and have a clear idea of your "walkaway" price. Seek professional advice or support if you find the negotiation process daunting.



Making an offer on a property is a significant step in your real estate journey. By following these 9 tips, you'll be well-equipped to make informed decisions, navigate the process with confidence and increase your chances of securing your dream property. Remember that professional advice, due diligence and careful consideration are your best allies in the property buying process. 



*Please refer to the Federal and State Government websites for further information. Terms and Conditions apply to any other promotions that may be contained within this communication. Please enquire within and check with the vendor and agent for further terms and conditions. Only one promotion can be used per purchase and can not be used in conjunction with any other promotions. The information contained herein is given for general information purposes only and it is subject to change. Readers, viewers and consumers are advised to perform their own research and investigations and obtain their own financial, legal and other advice. The information and materials do not form any representation by any vendors or agents of any vendors and may include third-party opinions that do not represent the opinion of any vendor or agent. They do not form part of any contract of sale and they do not constitute legal, financial, real estate or other advice and must not be regarded or relied upon as such. No warranty is given either expressly or implied and the vendors or agents do not assume liability for negligence or otherwise with respect to the contents herein. Any plans are yet to have had their structural and services review so are subject to change prior to completion of construction. All plans, dimensions, areas and particulars herein whether by measurements or visual representation are approximate only, for general information only, and do not constitute any representation by the vendor or its agents or representatives. They do not form part of any contract of sale. Changes will undoubtedly be made during development and dimensions, fittings, finishes and specifications are therefore subject to change. Any furniture, goods and chattels depicted in this document are not included with any sale. Prospective purchasers or lessees are advised to not to rely on the information contained herein and to satisfy themselves as to the accuracy of all information given by making their own inspections, searches, inquiries and advises or as is otherwise necessary. The vendor or its agents or representatives will not be responsible for any error or misdescription which may appear. Further, the vendor or the developer or their agents or representatives do not represent, warrant and/or guarantee that the integrity of this communication has been maintained or that the communication is free of errors, virus, interception or interference. Usage of this or any other websites and materials and any associated website or material is subject to further terms and conditions.

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