Offers in a fast market

[mandimoo]

Hi all,

I noticed some really nicely priced homes in the past week or so and they are staying on the market only for a couple of days! Some of them are priced annoyingly e.g. FROM $425,000 and in this situation what is a good amount to offer if you know that the competition will be strong?
They are all being sold very quickly, we are not quite ready to buy yet as only completed our last purchase in June and I think that we need to wait a bit to get finance again, but I want to be prepared for when we do

 

[mandimoo]

Also if I contacted an agent who sold a property I was interested in and tell her that I would be interested in similar, is that a bad idea?

 

[BayView]

Sounds like a boom of sorts.

Best way to win is to offer asking price (or more) with 30 day cash settlement.

Fluffing around with below-asking offers, subject to finance, building and pest etc only works when there are no buyers.

 

[Kamak]

Best way to win is to offer asking price (or more) with 30 day cash settlement.
.

Great idea if nothing goes wrong but leaves very little wriggle room.

 

[BayView]

Great idea if nothing goes wrong but leaves very little wriggle room.

That's right.

But if there's a lot of demand, the best offer wins.

You can try full asking price with subject to finance - the more conditions you have, the less secure your offer is in this situation.

I guess it comes down to how much someone wants the property.