29th November 2019, Brisbane

Making an offer for an off-market property is certainly no rocket science. You may look at it as nothing more than a procedural step. However, it is a highly sensitive point; one slip can ruin your proposal. Therefore, before you head to buy off-market properties in Brisbane, make sure whether or not you are aware of the rules.

Get Professional Appraisals

The best way to inspect the value of a potential home is to get professional appraisals. Make sure you find out whether or not the concerned seller also wants to have a separate appraisal done. A brief comparative study can help you identify the current cost contours.

If both seller and buyer get appraisals, the trend is to prise an average out of the two to come at a sustainable rate. The same may be subject to change, depending on the extent of negotiations. Your next step is to speak to a reliable real estate agent.

Talk to a Real Estate Agent

A competent buyer’s agent in Brisbane is bound to recommend you to a reliable real estate agent. Interaction with an agent is particularly crucial since he is adequately aware of the comparable homes in the local area.

The price of the homes available is singularly important for determining the value of off-market properties.
While looking for off-market properties in Brisbane, agent fees might come as a hindrance. However, it is important to note that not all agents are opposed to a leaner price. You need to do your research to come across agents who are willing to work without a standard commission.

Write a Letter of Intent

If your agent is clumsy, he would not recommend a letter of intent. While the letter is not a legal document, it is meant to ensure whether or not there is clarity between the buyer and the homeowner. Indeed, no buyer’s agent in Brisbane would deny the letter’s exaggerated formality. Still, it is fine to proceed with it, keeping in mind the stakes involved.

Conclusion

Making an offer, as said at the outset, entails conscientiousness. The steps above are only part of the procedural aspect. The rest is for the buyer to work out.

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