Buying a home in Australia’s competitive market? You’re not alone! Property buyers are facing stiff competition across the country. But how can you boost your chances of securing your dream home? Here are five crucial tips to help you stand out from other buyers:
1. Get Home Loan Pre-Approval
Before you even start making offers, ensure you have a home loan pre-approval. This shows real estate agents you’re a serious buyer who can act quickly when your bid is accepted, making you more attractive than those who haven’t sorted their financing.
2. Build Strong Relationships with Agents
Remember, agents work for the seller, not you. However, by building a solid working relationship with agents, you can gain a small edge. They might remember your professionalism and reliability when presenting offers to their clients.
3. Make Realistic Offers
If you’re buying via private treaty, resist the temptation to make an unrealistically low offer. Lowballing can hurt your credibility and make agents favour other, more genuine offers.
4. Consider Pre-Auction Offers
If you’re eyeing a property set for auction, why not try making an offer beforehand? If your bid meets or exceeds the agent’s expectations for auction day, they may advise the seller to accept it to avoid the risk of a no-sale.
5. Be Flexible with Settlement Terms
Being open to flexible settlement conditions can work in your favour. Whether it’s a shorter or longer settlement period or allowing the seller to stay on as a tenant for a while, your adaptability could tip the scales in your favour.
Need help getting a pre-approval or want more advice on navigating the buying process? Get in touch today!
