How To Make Offers On Houses – A Step-By-Step Pan

• Research & Preparation: 

• Determine your budget and get pre-approval from a lender. 

• Research recent sales in the area to understand market value. 

• Identify key property features and deal-breakers. 

Due Diligence: 

• Review the contract of sale and seek legal advice if needed. 

• Arrange building and pest inspections. 

• Clarify any zoning, title, or easement restrictions. 

Making the Offer: 

• Decide on an initial offer price based on market research. 

• Consider including conditions (e.g., finance approval 2 weeks from signing date, building inspection, settlement period). 

• Submit the offer formally in writing to the agent. 

Negotiation: 

• Be prepared for counter offers and determine your walk-away price. 

• Remain professional and stick to your budget. 

• Adjust terms if needed to strengthen your offer (e.g., flexible settlement). 

• Go for odd amounts to strengthen your position by stating you’re giving it your best – often experienced operators know your even money offers have more to give and look the same as all other offers – STANDOUT BE BOLD.

Offer Acceptance & Next Steps: 

• Once accepted, sign the contract and pay the deposit. 

• Email the fully signed contract from both vendor and buyer to the broker and conveyancer. 

• Include the deposit receipt from the real estate agent (not the bank transfer receipt). 

• Arrange final loan approval and insurance. 

• Prepare for settlement and property handover.