Hi everyone,
I was wondering if you were allowed to make multiple offers on properties at the same time even though you only want to buy 1. What clauses need to be in offers?
Thank you
Yes there is no trouble in making multiple offers as don't forget the seller has to accept them.
Depending on which State the property is going to be in you should consider getting a Solicitor to draw up your Special Conditions.
If you are making multiple offers then i would ensure that each offer has a limited time frame and requires acceptance by the seller before a given date / time.
Make sure your finance and finance structures are in place before you do.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
I have made multiple offers, and then wait to see how many (if any get an acceptance).
Remember nothing is legally binding until you sign the contract.
So stall if you have to, until you get a response to all of the offers that you have out there.
You might get a couple of R E agents offside, big deal they're not the ones that have to service a 30 year loan.
AND remember, they just want to sell, so it's not as though they will black list you in future.
And if they fail to take a legitimate offer to their client – you can report them to the respective R E I of the State.
Remember we're in the game to win on ourselves and our family.
The sweetener has always been that if I eventually secure a purchase via the agent I give them a verbal agreement that
they get to re-sell the renovated or sub-divided property in the future.
Usually works a gem.
Regards
Yep it happens.
The size of the market that you're looking to purchase in can come into play here as well.
If you're looking to purchase in a smallish town with only a handful of agents then you wouldn't want to burn your bridges by coming across as tyre kicker.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Thanks guys
There are some good tips there like having a definite time frame and giving the RE agent the verbal agreement of the next sale of the property. Also I agree callmeles we are definately in it for ourselves and who really gives a hoot what others think..Amen to that…lol
Cheers Troy
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