Don’t be afraid to negotiate and if necessary, walk away

Consult the necessary professionals

It’s advisable that first homebuyers (or any purchaser for that matter) obtain building and pest inspections from properly qualified professionals.

If the previous owners have made any improvements or extensions, you need to qualify that the correct permits were in place for the completed works.

Don’t be afraid to negotiate and if necessary, walk away

A solicitor will be able to tell you if there are anycaveats, covenants, easements, or issues that could affect the property and a valuer or independent buyer’s agent can provide good insight into a fair and reasonable price to offer.

For some reason, Australians are not as comfortable with the idea of negotiating as some of their overseas counterparts.

The fact is though; you stand to lose a lot of your hard-earned cash if you are too afraid to parley with the other party.

Teach your child the necessary skills to negotiate effectively and importantly, give them the confidence to know when to walk away from a deal that’s simply not going to tick all of their necessary boxes.

RealRenta has all the tools that a property manager has but for less than ¼ the cost of a property manager.

Join now and the cost is less than a cup of coffee a week to manage your rental property.

RealRenta also has a free vision, so why not check it out.

Jason Gwerder
Thursday, 5 October 2023

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