Domain: How to make a winning offer when buying a property
It’s one of the toughest tasks when buying property – working out how to make the winning offer on a home, whether by private treaty or pre-auction.
How do you work out much is enough to secure the home? Are there any well-tried strategies you can adopt to place you at the front of the queue? And, perhaps most importantly, how can you avoid the risk of paying too much?
“It’s crucial to ask the agent a few key questions,” says Scott Aggett, the managing director of property negotiators Hello Haus.
“They might be things like, ‘What is the highest offer to date the sellers have rejected?’ and ‘What could buy the property?’
“You’ll be surprised how many agents will openly tell you those answers, but the trick is reading through the sales pitch to ascertain the truth.
“It’s good, too, to have a second property option up your sleeve and drop that into the conversation casually, rather than as a threat.”
Read more on Domain.com.au.