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The Top 5 Things Every Home Buyer Should Know Before Making an Offer

Before you put in your offer, it's crucial to understand how the market works and what factors can affect the price. Use this checklist to ensure you're making the smartest move possible.

The Top 5 Things Every Home Buyer Should Know Before Making an Offer

Before you put in your offer, it's crucial to understand how the market works and what factors can affect the price. Use this checklist to ensure you're making the smartest move possible.

  1. Know the Market Value: Always research comparable properties (comps) before making an offer. Know what similar homes in the area are selling for and adjust your expectations accordingly.
  2. Have a Clear Budget: Be clear on your top price and stick to it. Avoid getting caught up in the excitement of bidding wars or emotional impulses.
  3. Understand the Seller’s Situation: Are they in a hurry to sell? Are they negotiating with multiple buyers? The seller's motivation can often provide valuable negotiation leverage.
  4. Inspect for Hidden Costs: Beyond the price, there are often hidden costs like repairs, taxes, and other fees that can impact your overall budget. Factor these in.
  5. Plan for Negotiation: Be prepared to negotiate on price, terms, and even closing dates. A skilled negotiator can help you structure a more favourable deal.

Want to make sure you’re getting the best deal?

Scott Aggett is Australia's #1 expert property negotiator.

Book a consultation with Scott today and learn how our expert negotiators can help you make an informed offer.