Submitting a property offer can be pretty daunting. One offer form is different from the next, each agent seems to be vastly different from the next, and what does all of the terminology actually mean? At Bernie Lewis Home Loans, we have these conversations with our clients on a daily basis, and we can help you decide on the best property offer for your circumstances.
When’s the Right Time to Make an Offer?
Timing is key. In a seller’s market, moving quickly is essential — wait too long and you risk missing out. In a buyer’s market, you may have more room to negotiate. Just as important is being financially ready — pre-approval and knowing your budget gives you a serious edge. And sometimes, if a home ticks all your boxes, trust your gut.
How Much Should You Offer?
It’s all about balance. Too low and you may lose the deal, too high and you might overpay. Check recent sales for similar properties, understand the seller’s situation, and lean on your agent for guidance — that’s what we’re here for.
Selling? Here’s What to Consider
The best offer isn’t always the highest. Look at the full picture: finance approval, settlement terms, and any contingencies. If time matters more than price, a clean offer could be the smarter choice.
Conditional vs Unconditional Property Offers
A conditional offer depends on things like finance approval or a building inspection. An unconditional offer skips the fine print — better for sellers, riskier for buyers. Sellers can favour unconditional offers, even if they’re lower, to reduce the chance of delays or fall-throughs.
Can a Conditional Offer Be Overridden?
Yes — an unconditional offer can trump yours. If you’ve made a conditional offer, you may need to increase your price or reduce conditions to stay competitive.
What If I’ve Paid a Deposit?
Even if a deposit is paid, conditions still need to be met. If they’re not, the sale can fall through — and usually, your deposit is refunded.
What Does “Under Offer” Mean?
It means an offer’s been accepted, but the deal’s not done. You can still submit a backup offer in case the first one falls through.
What’s a Cooling-Off Period?
This is a short window (varies by state) where a buyer can withdraw from the purchase with minimal penalty. It gives you time to think, finalise finance, or do extra checks.
Need Help Navigating the Process?
At Bernie Lewis Home Loans, we’re here to make the home buying process clear and stress-free. Whether you’re buying or selling, we’ll guide you with expert advice and local insights — so you can move forward with confidence.
Ready to take the next step? Get in touch — we’re here to help you with a pre-approval to get you started with confidence.
