Hot Tips for Buying Well In A Rising Market

I think the following raises some excellent points about Property Buying. I’ve included a few of the highlights for you to get the gist of the article:

Make the First Offer

With most properties receiving multiple offers, try to get a box seat for negotiations. Make the first offer and have the agent agree to come back to you with the final right of refusal to beat the highest offer, or to submit a counter offer. By making the first offer, you are in a position to negotiate with the agent so that you are the only person given a second offer opportunity.

Make Multiple Low Offers

If you are purchasing an investment property, it should not be an emotional decision. Never buy an investment property based on emotion and personal taste. Instead, focus on quality, blue chip, investment-grade properties that ‘D’ vendors just have to sell. Separate emotion from your purchase and make at least five multiple offers which will give you a better chance of finding a vendor that needs to sell.

Finding value and a good buy is a numbers game – the more offers you make, the more chance you have of finding a good buy and a motivated vendor needing to sell.

What do you think? Maybe you’d like to read on? Check out the full version here… then give me a call to discuss how this might impact your own business: (0295) 686 266. Alternatively, email me at [email protected].

Thanks,

Alex