Learn About the Legal Process of Deciding on & Presenting Your Offer

Learn all that you need to know before you decide on & present an offer to the sellers.

Deciding on Your Offer

Deciding the price and conditions of your offer is a critical step that requires careful thought.

Make an informed decision by researching how much the property last sold for and when, plus recent sale prices of comparable properties in the area (using a service such as Corelogic RP Data, for example). 

Getting an independent valuation by a professional valuer should also be considered (please note, real estate agents are not registered valuers). Keep in mind that sellers may consider conditions (or lack of) as well as price.

Presenting Your Offer

The best way to present a strong offer on any property is to follow the steps below.  All offers must be presented to the owner in writing with all purchasing details correct so the contract can be counter-signed by the vendor.

1. Provide Agent with Your Full Details:

  • The actual purchase price you will be paying for the property
  • The method by which you choose to pay the deposit eg: cheque/electronic transfer
  • The settlement period that you require or the vendor has stipulated
  • The name of your chosen Solicitor or Conveyancer ( please refer to our recommendations tab)
  • The name of your bank or financial lending institution 
  • Any special conditions or requests that you may have so tat we can inform the vendor ( property owner )

2. Confirm Your Timeframe to do Any Investigations/ Checks/ Searches

Find out if the property has a deadline on it, such as an Expressions Of Interest campaign, tender or auction.

3. Decide if You Are Going to Obtain a Pest & Building Report

Before you purchase any property – in particular a new home – it is important that you receive a copy of a Pest & Building Report from a qualified inspector.

Warning:  This content is not designed to replace professional advice. It has been prepared without taking into account your objectives, financial situation or needs. You should consider the appropriateness of the advice, in light of your own objectives, financial situation or needs before making any decision as to whether this scheme is appropriate for you.