The Art of the Deal: How to Buy Property and Increase Your Chance of Success

Australian Property Talk

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Every negotiation is about information, education & working together to getting a deal done.
It is FAR easier to get deals done with experience, information than without.

So, how do you, someone who doesnt actually buy property very often - get a successful conclusion?
Its not as simple as picking out an apple at the store and buying it.
There's generally more than one bidder for the property you want to buy, so you may not actually get what you want. Price, terms, etc are all negotiable.
In this episode, we talk about ways you can increase the chances of getting a successful property deal done.
We attempt to uplift your information by educating yourself exactly HOW to present offers and get a deal done.
We break up this episode into two parts

Getting ready to buy

• Get your finances ready BEFOREHAND – ideally make unconditional on finance offers
• Property managers are your friends – you need them to visit the property for you.
• Generally ask for a B&P. They’ll find something. Ask the report person to identify high level costing of fixing, and ask for discount. Don’t ask, don’t get.
• Contract reviews – getting comfortable with contracts. Keys things to look for; planning agreements, title search, easement search, special conditions, settlement timings, etc.

Negotiation

• Dealing with Agents, how to become a 'preferred bidder'.
• Sourcing OFF MARKET opportunities, exactly HOW to find them.
• Negotiation – be CLEAR with your intentions.
• Set your value price – it can get heated in negotiations, know when to walk away.
• Don’t be afraid of missing out early – remember, theres a good deal every week

Reach out to us at www.australianpropertytalk.com.au