You’re ready to put in an offer on your dream home but the agent tells you there is another interested buyer. What should you do? Firstly, try to keep a clear head and focus on what is most important to you. If this is the right home for you, in the best location, then don’t focus on other buyers or what price they might offer. Don’t try to get the best deal at the risk of losing the home—you’ll only regret it later.

Instead, decide what the property is worth to you and present your offer in writing. Offer your best price and be prepared to walk away if the vendor doesn’t accept it. Emotions run high when buying a new home but this is not a time to let emotion take over the negotiations.

Offer your best price and be prepared to walk away if the vendor doesn’t accept it. Emotions run high when buying a new home but this is not a time to let emotion take over the negotiations.

If another buyer makes a higher offer, then emotionally let go of the property and move on.

The likelihood of having to compete against other buyers for a property will depend on how long the property has been on the market and how close the asking price is to fair market value.

If it’s been on the market for a while, it suggests the owner may be looking to sell above the market price and hasn’t attracted enough buyer interest. If the owners adjust their price expectations, this often attracts multiple buyers.

Whether you are buying your dream property or getting ready to sell, Conveyancing Solutions will ensure your NSW property transaction proceeds smoothly and cost effectively with the guidance of our licensed conveyancers.
Call us today on (02) 9387 2111 or email us at [email protected].