Hey guys I'm very impressed with your videos. I'm on my 3rd house via buying selling upgrading buying small house first out in the sticks building equity. I'm trying to get my brother in the market and he is worried he will never afford a house in Brisbane. I told him buy further out or start with townhouse or unit. But you guys have covered everything well done!!
Thank You for sharing information in such a well laid out form. Well said! (5:51 - 6:11) Responding to questionable questions with an answer in the form of question, as done on the game show "Jeopardy".
You're very welcome! I'm glad to know you found the information useful and well-presented. And yes, responding with a question can indeed be a clever method of interaction. Just like in "Jeopardy", it can often lead to new insights or change the direction of a conversation.
I don’t know what I’d do without you guys and your advice, especially since a lot of the rules for buying a house have changed since the pandemic began. Thanks again!
I'm not sure much has changed. People still want to be treated respectfully and trust you. No one will sell their family home to an uncaring ruthless person.
Are there agents who work for the buyer specifically for PPOR? We get doctors to treat diseases and pilots to fly planes; I think it makes sense to hire a professional to negotiate. We hire professional travel agents to get us the best deals for holidays that cost $2,000 - so why wouldn't we hire professionals to work for us for mortgages that cost $750,000
Hey John, yeah they are called buyers agents and work for the buyer - check out more info on this www.huntergalloway.com.au/brisbane-buyers-agent-review/
Regarding lowball offers, I think a real estate agent's response, or lack thereof, is a good litmus test of whether real estate is in a buyer's market or in a seller's market. Other constraints being the vendor's personal circumstances and how long the property has been on market. I haven't seen any sold prices that are anywhere near what could be considered to be a lowball. I would consider a lowball offer to be, at a minimum 10% less than the low end of a price guide but the historical idea of a lowball is generally 20%+ below asking. These kinds of offers would still be laughed out of the room by an agent which I think really indicates that we are in a softer seller's market and by no means are we in a true buyer's market yet, where lowball offers start to be taken seriously.
I agree with your observation. The acceptance or dismissal of lowball offers can indeed provide some insight into whether the market favors buyers or sellers. However, it's important to note that this is just one piece of a complex puzzle. The state of the real estate market can also be influenced by a variety of other factors, including interest rates, employment rates, and the overall health of the economy. In a seller's market, where demand outpaces supply, sellers are more likely to dismiss lowball offers because they are often receiving multiple offers, many of which may be at or even above asking price. In contrast, in a buyer's market, where supply exceeds demand, sellers may be more willing to consider lowball offers in order to secure a sale. But it's worth noting that every property, and every sale, is unique. Factors such as the location, condition of the property, and the seller's personal circumstances can all play a role in whether a lowball offer is considered or rejected.
Thanks Sharla, great question. As a mortgage broker, we will generally help with the finance process and can provide property reports through RP Data Corelogic. If you were wanting someone to find the right property, there are buyers agents that can assist with the process.
Why is none of anyone’s business. What if someone has medical issues and that’s the reason. Medical is none of anybody’s business but the individual. So the first suggestion is not the best.
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Love your work guys, keep it up. Your videos are truely so simple, straightforward and honest 👍
Thanks a ton!
Hey guys I'm very impressed with your videos. I'm on my 3rd house via buying selling upgrading buying small house first out in the sticks building equity. I'm trying to get my brother in the market and he is worried he will never afford a house in Brisbane. I told him buy further out or start with townhouse or unit. But you guys have covered everything well done!!
Thanks so much for the feedback and I'm glad we've been able to help provide some useful information!
Thank You for sharing information in such a well laid out form. Well said!
(5:51 - 6:11) Responding to questionable questions with an answer in the form of question, as done on the game show "Jeopardy".
You're very welcome! I'm glad to know you found the information useful and well-presented. And yes, responding with a question can indeed be a clever method of interaction. Just like in "Jeopardy", it can often lead to new insights or change the direction of a conversation.
I don’t know what I’d do without you guys and your advice, especially since a lot of the rules for buying a house have changed since the pandemic began. Thanks again!
Hahah thanks so much for watching! Appreciate that
I'm not sure much has changed. People still want to be treated respectfully and trust you. No one will sell their family home to an uncaring ruthless person.
The information is so precious in this video
Thanks for watching!
This helped me seal a deal! Thank you!
Glad it helped!
Amazing tips, as usual 👌👌👌
Thanks Rafa, you're welcome!
Are there agents who work for the buyer specifically for PPOR? We get doctors to treat diseases and pilots to fly planes; I think it makes sense to hire a professional to negotiate. We hire professional travel agents to get us the best deals for holidays that cost $2,000 - so why wouldn't we hire professionals to work for us for mortgages that cost $750,000
Hey John, yeah they are called buyers agents and work for the buyer - check out more info on this www.huntergalloway.com.au/brisbane-buyers-agent-review/
Amazing video, thankyou!
Thanks for watching !
About to do this. Perfect timing 💙
Youre welcome good luck!
Very helpful video- thank you. We are currently renting the house we want to buy and the owner has mentioned wanting to sell.
Nice! good luck with it and if you need help with finance hit us up www.huntergalloway.com.au/
how to offer if the add has a range? like 450-500k. do i go 10% of the upper or lower range?
You can start at the lower end and try from there, always hard if there is lots of competition you may need to sharpen your offer.
I happen to find this... meaning makes me feel lucky. Thanks guys!
Haha thanks for watching
Great tips!
Glad it helped!
Really useful tips. Thank you for sharing. You are killing it, this video was number 3 for my search term
Thank you!
This is great content. Thank you
Glad you think so!
Regarding lowball offers, I think a real estate agent's response, or lack thereof, is a good litmus test of whether real estate is in a buyer's market or in a seller's market. Other constraints being the vendor's personal circumstances and how long the property has been on market. I haven't seen any sold prices that are anywhere near what could be considered to be a lowball. I would consider a lowball offer to be, at a minimum 10% less than the low end of a price guide but the historical idea of a lowball is generally 20%+ below asking. These kinds of offers would still be laughed out of the room by an agent which I think really indicates that we are in a softer seller's market and by no means are we in a true buyer's market yet, where lowball offers start to be taken seriously.
I agree with your observation. The acceptance or dismissal of lowball offers can indeed provide some insight into whether the market favors buyers or sellers. However, it's important to note that this is just one piece of a complex puzzle. The state of the real estate market can also be influenced by a variety of other factors, including interest rates, employment rates, and the overall health of the economy.
In a seller's market, where demand outpaces supply, sellers are more likely to dismiss lowball offers because they are often receiving multiple offers, many of which may be at or even above asking price. In contrast, in a buyer's market, where supply exceeds demand, sellers may be more willing to consider lowball offers in order to secure a sale.
But it's worth noting that every property, and every sale, is unique. Factors such as the location, condition of the property, and the seller's personal circumstances can all play a role in whether a lowball offer is considered or rejected.
Any video for vendors (seller) on how to get the expected price required? The agents also make vendors negotiate on a lot. Please help.
Yeah for sure check out www.huntergalloway.com.au/multiple-offer-situation/
wondering if you guys also provide a buyers agent service
Thanks Narcotect, we don't unfortunately
I been in construction for 30+ years. That's the best tool ever. Besides that you're just talk.
dammit guys! 4 weeks too late! great info for my next purchase though, thank you!
Congrats on the purchase!
Can a broker help buyer looking for theright property to buy?
Thanks Sharla, great question. As a mortgage broker, we will generally help with the finance process and can provide property reports through RP Data Corelogic. If you were wanting someone to find the right property, there are buyers agents that can assist with the process.
Usually you need a great realtor to negotiate a great deal for you.
Good video but im in chicago
Thanks for the feedback Miguel!
9:16 c'mon, we don't live in a fairytale, the seller will always go with the highest price
I find you need to add 300k on top of the realas prediction to get the real price
Yeah in the current market we are finding this more and more.
I'm secretly hoping our future home sellers are going through a divorce or something lol.
hahahahahahahhah!!!
😂😂😂
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Seller's market. No negotiation. You negotiate you lose.
Thanks for watching Never say Never 😊
EXACTLY!!!
Not now its not Lol
Welcome to 2023 lol
lol 😂 not if you know what you’re doing. There’s no such thing as hot or cold market. That excuse is for people with limited beliefs.
realas is closed now
Yep, ANZ gobbled it up and closed it down. A real shame!
@@MortgageBrokerAustralia what's your recommended alternative?
Yeah right, no one will sell a house for less than offered
Thanks for watching K S
'it was not about the money..' bullshit!
Why is none of anyone’s business. What if someone has medical issues and that’s the reason. Medical is none of anybody’s business but the individual. So the first suggestion is not the best.
Thanks for watching Chris and appreciate the feedback.
this is all complete bs in a seller's market
Yeah depends on the market conditions
No need to be so harsh... it's valuable information regardless.