Making an offer

Obviously there’s the price to talk about when making an offer, but you can also negotiate any aspect of the offer including:

• Any inspections you want (eg building inspection)
• Any investigations you want to make (eg getting a LIM report)
• When you want to take possession
• How much deposit is paid, to whom and when
• Confirmation of finance
• The timeframe

The finance clause

Even if you have a pre-approval we always suggest you put this clause into your offer because while the bank may have agreed to a certain loan amount it still needs to accept the property as security for that loan.

Auctions

This is a great way to buy and sell property. However you need to be aware that auctions are unconditional sales which means you can’t make a bid ‘subject to’. This means you have to have done all your inspections and valuations, checked out the legal aspects of the property and ensured finance is ready to go before you bid.