Post Idea 1: Understanding Buyer Offers in Private Home Sales

Did you know that before the COVID-19 pandemic, around 75% of homes sold by private treaty were purchased below the asking price? Discounts often ranged between 4% and 6%.

Understanding typical buyer offers is crucial in real estate negotiations. Here’s what you should know:

• Recent Trends: CoreLogic data highlighted a median vendor discount of 2.8% in capital cities leading up to November 2021.
• Negotiation Starting Point: A common practice is to offer 5-10% below the asking price, especially in balanced market conditions.

Factors influencing the offer include:

• Current market conditions
• Property condition
• Time on market
• Comparable sales
• Seller's motivation

An effective strategy requires analyzing these factors. Work closely with real estate agents to navigate this complex landscape. #RealEstate #NegotiationTips

Post Idea 2: Real Estate Negotiation: A Buyer’s Perspective

Entering the real estate market can feel overwhelming. If you're buying a home privately, knowing how much to offer below the asking price is a key strategy:

• Before the pandemic, discounts were more common, ranging from 4%-6%.
• Recent data shows a median vendor discount of 2.8%, indicating a trend towards higher offers.

Key considerations for making an offer:

• Market Conditions: Is it a buyer's or a seller's market?
• Property Attributes: Consider the condition and time on the market.
• Comparable Sales: Analyze recent sales in the area.