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Welcome to 2017…aahhh…2022

Where are you now? Have you moved forward to 2022 or are you still back in 2017?Another new year, more goals, another birthday this year and for some dreams coming true, yet for others, dreams still on hold and consigned to the New Years resolution list……..again. So,...

You Heard It Here First

You Heard it here only a few months ago!     For the last few months our good friends (not), the banks, have been slowly pushing up the rates on fixed term loans and yes, you guessed it, all the other rates will probably follow in the very near future....

How Busy Has It Been?

Wow! Has this year been super busy or what? Who would have thought that we would see a market like this in our lifetime and especially riding the back of a global pandemic? As far as property searches go, some people are just “over it!”.Having said that, there are the...

Do You Buy Now or Drop Your Standards Later?

Choices are getting difficult.For the moment at least, choices are getting harder to make. If you’re trying to keep up with property prices by working harder and saving more, you’re currently fighting a losing battle. Right now, you’d be flat out keeping pace let...

If It Ain’t Broke, Don’t Fix It

This age old saying in the vernacular also works with mortgages. But why? Fixed interest rates on a home loan are often higher than variable rates, but it’s all dependant on the global bond market. Fixed rates are funded by the global bond markets, meaning the bank...

Why Haven’t Prices Plummeted?

We’ve got Covid, a recession and had lockdown all over the place, but property remains strong and seemingly getting stronger?We all remember the dire predictions in the press this time last year with most property pundits espousing everything up to a total collapse of...

How Many Property Booms Have You Missed So Far?

You can count them on this graph.Personally, I haven’t missed any since 1998. Can you guess why that is? The reason is because I bought my first property in 1998, so I’ve had my toe in the water ever since then. Sure, there have been a couple of slower periods in that...

How Fast is Your Dream Slipping……Ahh…..Powering Away From You?

Have you been keeping a close eye on the market lately? Haven’t we all! It’s hard to believe some of the crazy things going on at the moment. This makes it all the more important to take action so you don’t see your dreams like you see a jet fighter…………disappearing...

The Cheap Money Boom!

Are we really in a property boom period just now? Maybe, but is it really a property boom? What I believe we are seeing just now is the largest, most concentrated cheap money boom that I for one have ever seen in my entire life and I’ve lived a lot of my life, so...

Perfect Urban 5 Bed Oasis

522Have you got a ‘Brady Bunch’ family? Are Mum and Dad living with you?If either of these are true, this is the house for you. If you’re up for dual occupancy as an investment strategy, this works as well. The original home as a renovated self contained granny flat ...
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What happens when you’ve found ‘the one’? No, not your future wife or husband, but the place that you could call home? This is the property that made those 37 weekends of endless trudging around the open home circuit worthwhile. No weekend BBQs for ages, no friends around for drinks, no weekend Broncos matches with the kids, but hey…..at last, ‘the one’.

Plan: you go to the agent and make some small talk trying to get them to divulge what you can pay for this gem. No go! They do their job and go ahead with getting the top price for their client. That’s not you by the way, that’s the seller. You put in an offer to the agent to take to the seller and off you go knowing that your purchase process has begun.

The phone rings as you’re sitting at home relaxing by the pool with a well-earned ale and the agent says, “Give me your best and final offer”. What?? You were expecting your offer to be accepted so why do they want another one? The agent tells you that following the open home, there are now multiple offers on this property.

The agent is obligated to inform both the seller and each buyer that multiple offers have been received. However, agents must not conduct any behaviour prejudicial to the buyers by attempting to drive the price higher. They must not play buyers off against each other and they must inform the buyers if an offer has lapsed or been withdrawn. If investigated for possible breach of regulations, the agent must produce evidence of offers received. No information regarding other offers can be legally divulged by the agent.

What’s your next move?

Make it a good one, because you’re on your own as to making a top offer without going too far over the mark and costing yourself money. Remember that ‘due diligence’ everyone talks about? That would come in handy right now to assist with deciding how much to offer.

When you go to court, it’s good to have a solicitor at your side, when you sell your property it’s good to engage a reputable real estate agent and when you buy your property it’s good to have Premier Property Buyers Australia right there with you to assist you through the process. Buying property is what we do for a living. To quote a recent American born client, I don’t know how you people do it without a Buyers Agent. Who represents the buyer?”

 

Premier Property Buyers Australia represents the buyer.

Call us now to discuss how we can represent you

0490 020 801

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