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How to Negotiate a lower price on a property [6 Mistakes to Avoid]

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Mortgage Broker Australia - Hunter Galloway

Mortgage Broker Australia - Hunter Galloway

Күн бұрын

Пікірлер: 73
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 жыл бұрын
📚 My Free Resource Hub & Education Community 👉 go.huntergalloway.com.au/hub
@aaryaputra108
@aaryaputra108 3 жыл бұрын
Love your work guys, keep it up. Your videos are truely so simple, straightforward and honest 👍
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 жыл бұрын
Thanks a ton!
@AvoidantNomad
@AvoidantNomad 4 жыл бұрын
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!
@MortgageBrokerAustralia
@MortgageBrokerAustralia 4 жыл бұрын
Hahah thanks so much for watching! Appreciate that
@nickhayley
@nickhayley Жыл бұрын
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.
@isadoramoreira2353
@isadoramoreira2353 2 ай бұрын
This is great content. Thank you
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 ай бұрын
Glad you think so!
@drevil7684
@drevil7684 3 жыл бұрын
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!!
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 жыл бұрын
Thanks so much for the feedback and I'm glad we've been able to help provide some useful information!
@jso19801980
@jso19801980 11 ай бұрын
9:16 c'mon, we don't live in a fairytale, the seller will always go with the highest price
@jalogrono
@jalogrono 4 жыл бұрын
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
@MortgageBrokerAustralia
@MortgageBrokerAustralia 4 жыл бұрын
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/
@Fairychef
@Fairychef 3 жыл бұрын
This helped me seal a deal! Thank you!
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 жыл бұрын
Glad it helped!
@skhabib754
@skhabib754 Жыл бұрын
The information is so precious in this video
@MortgageBrokerAustralia
@MortgageBrokerAustralia Жыл бұрын
Thanks for watching!
@danielwilson6311
@danielwilson6311 Жыл бұрын
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".
@MortgageBrokerAustralia
@MortgageBrokerAustralia Жыл бұрын
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.
@soothingrelaxationwithhoko5460
@soothingrelaxationwithhoko5460 3 жыл бұрын
I happen to find this... meaning makes me feel lucky. Thanks guys!
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 жыл бұрын
Haha thanks for watching
@BeforeYouBuyGuy
@BeforeYouBuyGuy 3 жыл бұрын
Really useful tips. Thank you for sharing. You are killing it, this video was number 3 for my search term
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 жыл бұрын
Thank you!
@nikandclay
@nikandclay 3 жыл бұрын
Very helpful video- thank you. We are currently renting the house we want to buy and the owner has mentioned wanting to sell.
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 жыл бұрын
Nice! good luck with it and if you need help with finance hit us up www.huntergalloway.com.au/
@mjb6446
@mjb6446 Жыл бұрын
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.
@MortgageBrokerAustralia
@MortgageBrokerAustralia Жыл бұрын
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.
@kg9836
@kg9836 4 жыл бұрын
About to do this. Perfect timing 💙
@MortgageBrokerAustralia
@MortgageBrokerAustralia 4 жыл бұрын
Youre welcome good luck!
@Julian1512
@Julian1512 4 жыл бұрын
Amazing video, thankyou!
@MortgageBrokerAustralia
@MortgageBrokerAustralia 4 жыл бұрын
Thanks for watching !
@rafakao9577
@rafakao9577 2 жыл бұрын
Amazing tips, as usual 👌👌👌
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 жыл бұрын
Thanks Rafa, you're welcome!
@martinp3371
@martinp3371 2 жыл бұрын
I been in construction for 30+ years. That's the best tool ever. Besides that you're just talk.
@jaswahn
@jaswahn 4 жыл бұрын
dammit guys! 4 weeks too late! great info for my next purchase though, thank you!
@MortgageBrokerAustralia
@MortgageBrokerAustralia 4 жыл бұрын
Congrats on the purchase!
@ree22673
@ree22673 3 жыл бұрын
Any video for vendors (seller) on how to get the expected price required? The agents also make vendors negotiate on a lot. Please help.
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 жыл бұрын
Yeah for sure check out www.huntergalloway.com.au/multiple-offer-situation/
@mohsenjan3136
@mohsenjan3136 3 жыл бұрын
how to offer if the add has a range? like 450-500k. do i go 10% of the upper or lower range?
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 жыл бұрын
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.
@King_2ya
@King_2ya 4 жыл бұрын
Great tips!
@MortgageBrokerAustralia
@MortgageBrokerAustralia 4 жыл бұрын
Glad it helped!
@narcotect
@narcotect 2 жыл бұрын
wondering if you guys also provide a buyers agent service
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 жыл бұрын
Thanks Narcotect, we don't unfortunately
@haneby1114
@haneby1114 3 жыл бұрын
I find you need to add 300k on top of the realas prediction to get the real price
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 жыл бұрын
Yeah in the current market we are finding this more and more.
@miguelortiz7227
@miguelortiz7227 Жыл бұрын
Good video but im in chicago
@MortgageBrokerAustralia
@MortgageBrokerAustralia Жыл бұрын
Thanks for the feedback Miguel!
@MortgageBrokerAustralia
@MortgageBrokerAustralia 4 жыл бұрын
Get the 5 Best things I've found in the property and finance world every week - for free. hubs.ly/H0qHChB0
@tessajones9393
@tessajones9393 4 жыл бұрын
I'm secretly hoping our future home sellers are going through a divorce or something lol.
@MortgageBrokerAustralia
@MortgageBrokerAustralia 4 жыл бұрын
hahahahahahahhah!!!
@lilariki3183
@lilariki3183 3 жыл бұрын
😂😂😂
@saovier
@saovier 3 жыл бұрын
Can a broker help buyer looking for theright property to buy?
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 жыл бұрын
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.
@Tri-valleyrealtor
@Tri-valleyrealtor 4 ай бұрын
Usually you need a great realtor to negotiate a great deal for you.
@n4870s
@n4870s 2 жыл бұрын
Yeah right, no one will sell a house for less than offered
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 жыл бұрын
Thanks for watching K S
@danskdna8550
@danskdna8550 11 ай бұрын
No longer true. NW U.S. Coast. Seen several cuts here and definitely Idaho, past few months.
@neversaynever8732
@neversaynever8732 3 жыл бұрын
Seller's market. No negotiation. You negotiate you lose.
@MortgageBrokerAustralia
@MortgageBrokerAustralia 3 жыл бұрын
Thanks for watching Never say Never 😊
@fpaoy3529
@fpaoy3529 3 жыл бұрын
EXACTLY!!!
@Ride_on54
@Ride_on54 Жыл бұрын
Not now its not Lol
@ARmYofSixxTH
@ARmYofSixxTH Жыл бұрын
Welcome to 2023 lol
@user-ds2rd2oq1r
@user-ds2rd2oq1r 6 ай бұрын
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.
@dsinghr
@dsinghr 2 жыл бұрын
realas is closed now
@MortgageBrokerAustralia
@MortgageBrokerAustralia Жыл бұрын
Yep, ANZ gobbled it up and closed it down. A real shame!
@K3N5KI
@K3N5KI Жыл бұрын
@@MortgageBrokerAustralia what's your recommended alternative?
@bebekkartal
@bebekkartal Ай бұрын
'it was not about the money..' bullshit!
@snookies1224
@snookies1224 Жыл бұрын
this is all complete bs in a seller's market
@MortgageBrokerAustralia
@MortgageBrokerAustralia Жыл бұрын
Yeah depends on the market conditions
@jsimmons9094
@jsimmons9094 4 ай бұрын
No need to be so harsh... it's valuable information regardless.
@christopherpowell22
@christopherpowell22 2 жыл бұрын
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.
@MortgageBrokerAustralia
@MortgageBrokerAustralia 2 жыл бұрын
Thanks for watching Chris and appreciate the feedback.
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