I just don’t like losing control of a negotiation. I want to know when an where my offer is accepted or rejected.
Robert Bou-Hamdan
Mortgage AdviserM: 0414 347 771
E: [email protected]
W: http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter: See – http://www.mortgagepackaging.com.au/index_files/newsletter.htm
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd
Every one is different, some people accept things that others would only laugh at, so it doesn’t hurt to make various low offers. As Burley et al says, if you do 100 low ball offers, one might be accepted.
Terryw
Discover Home Loans
Mortgage Broker
Click below to email meTerryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
“We demanded proof of the other offer. The other buyer has same condition as ours, (subject to finance plus 30 day settlement). Their offer was $313K (3K more than ours). We said, we’ll pay $314K, the agent called this other buyer to give him a chance to better his offer.”
would still like to know how you got all this information – if there was another serious buyer and they found this out they could drag that agent over the coals…. talk about a dutch auction!
putting an expiry clause on your signed offer is not a bad idea, bear in mind that you can verbally withdraw a written offer at any time anyway… right up until acceptance has been communicated to you.
Extensive list of ‘Off The Plan’ property available for sale in Perth.
John – 0419 198 856
Showing you someone else’s offer is a breach of the Privacy Act. The agent would probably be showing the other buyer your details. As I am a “mercenary” (thanks wayneL), I would use this in my favour.
I would inform the Agent of their Privacy Act breach and that I was considering making a formal complaint about it. I would then offer $100 more than the other buyer if I still wanted the property and tell them that if the other buyer was shown my offer or told what it was that my decision about making a complaint would be made.
There is a good chance my offer would be accepted and the ‘Dutch Auction’ should be well and truly over!
Robert Bou-Hamdan
Mortgage AdviserM: 0414 347 771
E: [email protected]
W: http://www.mortgagepackaging.com.auFREE Finance-Related Newsletter: See – http://www.mortgagepackaging.com.au/index_files/newsletter.htm
Comments made are of a general nature and should not be construed as individual advice.
© 2004 Mortgage Packaging Pty Ltd
The first lesson that I learned was to be patient, be prepared to walk away from a deal.
Everything goes in cycles. The same applies to property. A newbie always thinks today is the best day. There will no be another deal if I miss this one.
This is not necessary the best one. If you don’t buy this one, you miss out only this one. The market is huge out there. You sure will find another deal.
If a deal is just good enough, that means not good. We should always look for a blue sky deal.
By the way, if the REA does not sell, he/she does not get paid. I negotiated one deal three months ago. The REA was prepared to pay me back part of her commission. SSSH, don’t tell anyone.
You must be logged in to reply to this topic. If you don't have an account, you can register here.
