Tag: real estate

Is a seller always best to accept an unconditional offer?

A real world example

This is a story about good friends of mine who placed an offer on a home they loved some time ago. Their offer was $750,000, only subject to a short finance clause of three working days. They added a letter explaining that all the bank needed was a valuation. They also conveyed that they had a valuer organized for the next day should their offer be accepted. Their financial position was excellent, the agent was briefed (they really wanted the house) and there was enormous confidence the finance clause would confirm. 

I personally had just sold a house the month before, four doors down for $751,000. It was in a similar condition and a similar size. According to my property smarts system, the house my friends were looking at was actually a larger floor area and larger piece of useable land.

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Property negotiation part 1 – understanding this could be worth thousands

Negotiation is a huge part of the process of selling a home. It starts from the first phone call or meeting at the property and continues until the ink is dry on the contract. After nearly 13 years in real estate, I have come to the conclusion that negotiation is not rocket science but it does take a lot of intuition. I will broach a few basics at a time and hopefully, by reading you will be more prepared and aware as both a potential seller, buyer, or possibly agent.

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