After a “mini boom”, buyers are becoming cautious again – and that’s making some sellers decide it’s better to take an early bid.
The New Zealand-based buyer, who’d missed out on an earlier property in the area, flew in to see the home and said she’d buy it after just one viewing.to be closer to her family in Sydney and had previously missed out on another property with us earlier in the year. Last time, her daughter had bid for her, remotely. This time, she’d flown out to Australia.
She flew out, came and took one look and said: “I love it, it’s perfect, let’s just buy it.” There was one other party. They wanted the vendor to wait till the morning. But no. It was done that night.There was another party that said if the vendor could wait until the next morning they’d be able to sign a contract. Having said that, their offer was slightly less than the offer we had on the table. As result the vendor said, “No.
Not at all. Everyone’s got a different way looking at things. Most vendors do tell us if they get a great offer out of the blue they’re going to take it. If you accept a prior offer you know where you stand and don’t have anxiety for another two to three weeks. It lets you get on with your life.I haven’t seen a cooling-off in Haberfield. this week my inquiry rates have decreased.It’s a sign buyers have seen the market get hot all of a sudden. There seemed to bewe had last month.
I’m seeing buyers still eager to buy but being a bit more cautious about making sure they’re doing all their due diligence and crossing all their Ts and dotting their Is. I’m seeing more of that across the board. I’m seeing buyers also saying, “We want to make sure we’ve got loan approval before signing.”a) Next week. We sold another one the very following week, pretty much similar circumstances, for a two-bed semi.
covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne.
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