Found the perfect home or investment property? Making an offer is the next big step. Whether you’re a first-time buyer or a seasoned investor, knowing how to navigate the offer process can help you secure the best deal without unnecessary stress.
Here are three key steps to making a winning offer on a property.
Step 1: Do Your Research & Set Your Price
Before making an offer, understanding the market is crucial.
Check recent sales of similar properties in the area to gauge the home’s market value.
Assess the competition—if multiple buyers are interested, you may need a more competitive offer.
Understand the seller’s situation—a motivated seller may accept a lower offer, while others may hold firm.
Get pre-approved for finance to strengthen your position and speed up negotiations.
It’s important to consider more than just price. The terms and conditions of your offer can also make a significant difference.
Step 2: Make a Strong & Strategic Offer
Once you’ve set your price, it’s time to present your offer.
Written vs. Verbal Offers
While verbal offers are common, a written offer (via a contract or letter) shows the seller you are serious and committed.
What to Include in Your Offer
The price you are offering
Deposit amount (usually 5-10%)
Settlement terms (standard is 30-60 days, but flexibility can help)
Conditions such as finance approval, building and pest inspections
Inclusions such as fixtures, appliances, or furniture
A well-structured offer with minimal conditions can make it more appealing to the seller, especially in a competitive market.
Step 3: Negotiate & Finalize the Deal
Once your offer is submitted, the seller will either accept, reject, or counteroffer.
If your offer is accepted, you can proceed with legal and financial steps.
If you receive a counteroffer, be prepared to adjust your price or terms if needed.
If your offer is rejected, you can choose to revise it or walk away.
Final Steps Before Settlement
Sign the contract and pay the deposit
Conduct final inspections and legal checks
Secure finance and prepare for settlement
Having an experienced real estate agent can make the negotiation process smoother and help you achieve the best outcome.
Final Thoughts
Making an offer isn’t just about price—it’s about strategy, timing, and understanding the market. By doing your research, structuring your offer well, and negotiating smartly, you’ll increase your chances of securing your ideal property.
If you’re looking for expert guidance, get in touch. We can help you find and secure the right property at the right price.
Found the perfect home or investment property? Making an offer is the next big step. Whether you’re a first-time buyer or a seasoned investor, knowing how to navigate the offer process can help you secure the best deal without unnecessary stress.
Here are three key steps to making a winning offer on a property.
Step 1: Do Your Research & Set Your Price
Before making an offer, understanding the market is crucial.
Check recent sales of similar properties in the area to gauge the home’s market value.
Assess the competition—if multiple buyers are interested, you may need a more competitive offer.
Understand the seller’s situation—a motivated seller may accept a lower offer, while others may hold firm.
Get pre-approved for finance to strengthen your position and speed up negotiations.
It’s important to consider more than just price. The terms and conditions of your offer can also make a significant difference.
Step 2: Make a Strong & Strategic Offer
Once you’ve set your price, it’s time to present your offer.
Written vs. Verbal Offers
While verbal offers are common, a written offer (via a contract or letter) shows the seller you are serious and committed.
What to Include in Your Offer
The price you are offering
Deposit amount (usually 5-10%)
Settlement terms (standard is 30-60 days, but flexibility can help)
Conditions such as finance approval, building and pest inspections
Inclusions such as fixtures, appliances, or furniture
A well-structured offer with minimal conditions can make it more appealing to the seller, especially in a competitive market.
Step 3: Negotiate & Finalize the Deal
Once your offer is submitted, the seller will either accept, reject, or counteroffer.
If your offer is accepted, you can proceed with legal and financial steps.
If you receive a counteroffer, be prepared to adjust your price or terms if needed.
If your offer is rejected, you can choose to revise it or walk away.
Final Steps Before Settlement
Sign the contract and pay the deposit
Conduct final inspections and legal checks
Secure finance and prepare for settlement
Having an experienced real estate agent can make the negotiation process smoother and help you achieve the best outcome.
Final Thoughts
Making an offer isn’t just about price—it’s about strategy, timing, and understanding the market. By doing your research, structuring your offer well, and negotiating smartly, you’ll increase your chances of securing your ideal property.
If you’re looking for expert guidance, get in touch. We can help you find and secure the right property at the right price.