daysofourlives wrote:If its a home you really want and you can see yourself staying there for a long time then a few grand doesnt matter and make a decent offer, dont lowball, you may lose it. As far as im aware it is not an auction process when making an offer, i dont think you get a 2nd chance especially if someone else has made an offer, give it your best offer. Hope that makes sense. Im sure ill be told if im wrong about the offer process
Depends on the conditions of each offer and absolutely you may get the opportunity to make more than one financial offer, I'd imagine your conditions would be the same regardless of the amount.
For instance an unconditional offer of $400k ( for a number in the discussion ) would be much more attractive to me than $430k "subject to sale" ( of that persons existing property ). If you've got the best offer / package to the vendor it might not mean you are the top offer in dollar terms.
You need to play the agent to see where things sit in regards to the vendor, are they looking for a quick exit or are they prepared to wait for a "subject to sale", if they're after a quick exit don't blow your wad on your first offer.
PAFC. Forever.
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