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Buying a home through a private treaty sale is an extremely common method throughout Australia. Many sellers choose to list their property through private treaty sales as they offer flexibility with negotiation and give them the chance to accept an attractive offer
Buying a home through a private treaty sale is an extremely common method throughout Australia.
Many sellers choose to list their property through private treaty sales as they offer flexibility with negotiation and give them the chance to accept an attractive offer.
Although private treaty sales do not see the heat that auctions can get, it's still important to not become too emotionally tied to the home you want to buy. Leaving your emotions out of the equation will help you to negotiate with the agent. It will also reduce the risk of potentially blowing your budget if you become too attached to the home.
Do your homework and research recent sales and listings in the area that are comparable to the home you wish to buy. This will help you to judge whether the home has been priced fairly and how much you should submit in an offer.
When you submit an offer, you'll also need to include any special terms and conditions for the sale of the home. For example, you may wish to have a longer settlement so you can sell your previous home, or perhaps the owner needs to fix up a certain part of the home. These conditions need to be included in the offer and the final contract of sale. Here is an overview of the different types of offers:
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