So you’ve found a property you like – you are considering making an offer – but what do you do?

At this stage the ball is in your court. You want to make sure you make the most of it and be well prepared!

Your preparation should include the following:

  1. Work out your budget – find out how much you can potentially spend. This can include factors like how much deposit you have and how much you can borrow.
  2. Do some research – research other comparable properties in the area and what they are on the market for and what they have been selling for.
  3. Decide on a price – you need to take the emotion out of the equation and decide what you are willing to pay for the property. Be confident in this price and stick to it.


So now you are ready to approach the Real Estate Agent with your offer – what next?

  • This is your chance to set the starting offer – make sure you point out any issues that you feel warrant a potential reduction in price. Such issues could be physical issues with the property, the housing market or other external factors such as traffic etc.
  • After negotiating with the real estate agent, present your offer.
  • Make sure you make the offer ‘Subject to Finance’. This basically means that if you are not approved for finance to complete the purchase, the contract is null and void. Please note, you must provide written evidence that finance was not approved in this case.
  • Also make the offer ‘Subject to a Building Inspection’, which will enable you to have to option of getting the property inspected by a professional building inspector. If any issues arise, your offer is void and this will enable you to renegotiate the price if you are still interested in the property.
  • The real estate agent will then write up your offer into and ‘Offer and Acceptance’ to be presented to the Seller.
  1. REVIEW THE ‘Offer and Acceptance’
  • it is important to carefully read this document before you sign on the dotted line!
  • Make sure all details as discussed are noted. Read through all the conditions.
  • The O&A will have a section to advise of the ‘Buyer’s Agent’. This is a Conveyancer/Solicitor that will act on your behalf to pay the funds to the Seller.
  • If, after reading the O&A in full, sign and date in all locations specified.
  • At this stage there will likely be 3 outcomes: a) The Seller accepts the offer; b) the Seller counter-offers; c) the Seller declines the offer.
  • If the Seller accepts the offer – you are ready to go to the next step. A deposit will be required shortly after offer acceptance. The amount and timing to be discussed when signing the O&A
  • If the Seller counter-offers – you have the option to accept, counter or decline and the process reverts to Step 2.
  • If the Seller declines – move on. This may occur for a variety of reason – such as, if the Seller has received a better offer in the meantime or if the they don’t want to sell anymore.


At Empowered Finance, we can assist you throughout the process of placing an offer by:


  1. Advising you how much you can likely borrow and/or arrange a Pre-approval so you know exactly how much you can borrow.
  2. Provide you with complimentary full Property Reports on any properties you are looking at potentially purchasing.
  3. Provide advise around the best ways to present your offer.
  4. Assist in dealing with the Real Estate Agent throughout
  5. Connect you with Conveyancers, Property Inspectors and other third parties.


Please note that this is general advice only. If you would like personal advice and assistance, please don’t hesitate to contact us at [email protected]