So there it is … the fabulous Set Sale strategy for the selling of property. It combines all the best aspects of all of the strategies and ensures you get a successful sale within weeks of putting the property on the market. Are you are buying a property marketed by set date sale? Got questions, comments or feedback? Email [email protected]. Feel free to browse the rest of our Blog for more tips tricks and helpful info you can use. For Sponsorship, Click Here.
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First and foremost you need to find out what the property is worth. In many cases, very limited information is available, making it difficult to determine where to begin an offer, which can lead to mistakes such as overpaying for a property. The next step is to establish a strategy. The idea behind this strategy is to encourage the owner into making a faster decision by creating the pressure of a short time frame. During the Set Sale or Sale by Set Date promotional campaign the real estate agent collects expressions of interest from buyers.
Buyers can make a formal offer prior to the set date. If an offer is made the agent should contact all the buyers that have expressed interest. A buyer may have only one opportunity to make their offer, so the theory is that everyone puts in their best offer first. As the seller, you choose the most appealing offer at the end of the Set Sale or Sale By Set Date period, or open negotiations with the best offer, or re-list the property for another set period.
Get in touch with us today! Selling your property. Dealing with offers. Settling and moving out. Breadcrumbs Home Buying a home Making an offer Buying by deadline.
Buying by deadline Print. Summary of important things to know. Identifying deadline properties for sale. Checks you can make include: the value of the property a title search review any information the council has on the property check out the house, land, and neighbourhood thoroughly get a property inspection report. Confirming your finances. Deciding what kind of offer to make You can choose to make an unconditional or conditional offer on the property: An unconditional offer means you do not have any conditions to meet before buying the property.
This is sometimes known as a cash offer. A conditional offer means you have conditions that you want met before you agree to buy the property. Checking the sale and purchase agreement If the agent prepares the sale and purchase agreement, you should get your lawyer or conveyancer to review it before you sign it.
Completing the sale process. Working through conditions If you have added conditions to the offer such as arranging finance or getting the property checked by an expert, you will have to complete these before a date agreed with the seller and set out in the sale and purchase agreement. When all the conditions have been met, the sale becomes unconditional. What if something goes wrong after my offer is accepted? Pay the agreed amount by the settlement date You must pay the remaining amount agreed for the property on the settlement date.
What to do if you have a problem. NEXT Buying by negotiation. How useful is this page? Please provide feedback about this page or website. Supply your email if you would like us to reply.
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