Buying real estate isn’t a one-size-fits-all process – and that’s a good thing! Whether you’re a first-home buyer, an investor, or simply ready for a change of scenery, there are several ways to purchase your next property. At Cliquey Realty, we believe in making the process as smooth and tailored to your needs as possible. Let’s break down the different ways you can buy real estate, so you can find the method that works best for you!
1. Private Treaty
This is the most common way properties are sold in Australia. A private treaty sale is when a property is listed for a set price, and buyers can submit offers for the seller to consider. The good news? You’ve got time on your side. You can inspect, negotiate, and submit your offer without the time pressures of an auction. If negotiations go smoothly and your offer is accepted, you’ll enter into a contract and proceed with settlement.
Cliquey Tip: All offers must be submitted to the vendor, so don’t hold back! It’s your chance to put your best foot forward, and we’ll guide you through the process to ensure your offer is competitive and well-presented.
2. Auction
If you love a bit of excitement, auctions are the way to go. Auctions are a live event where buyers bid against each other to purchase the property. It’s fast-paced and competitive, and the highest bidder gets the property (if the reserve price is met). Auctions are perfect if you’re ready to act quickly and know exactly what you’re willing to pay.
Cliquey Tip: Have your finances pre-approved and be prepared to make your move on the day. It’s thrilling, but you’ll want to be ready!
3. Off-Market Sales
This method is all about getting the inside scoop. Off-market sales are when properties are sold without being publicly advertised. This is great for buyers who want access to exclusive listings or those who want to avoid competing in a hot market.
Cliquey Tip: Make sure you’re on the radar of a real estate agent (like us!) who can connect you with off-market opportunities before anyone else even knows about them.
4. Expressions of Interest (EOI)
With an EOI sale, the property isn’t listed with a set price, but instead, interested buyers submit their best offer by a set deadline. The seller reviews all the offers and chooses which one to negotiate or accept. It’s a bit like a silent auction, but without the live bidding.
Cliquey Tip: Research is key here. Knowing the market value can help you put in a competitive offer.
5. House & Land Packages
This option is popular for those who want to build a new home. With a house and land package, you’re essentially buying a block of land and a building contract to construct a new home. It’s perfect for buyers who want something brand new and customisable.
Cliquey Tip: Be sure to understand the terms of your contract – from timelines to any additional costs that might come up during the building process.
Which Way is Right for You?
There’s no “one way” to buy real estate, and that’s the beauty of it. Whether you’re going for a private treaty, ready for auction day, or looking for off-market gems, we’re here to guide you through it. At Cliquey Realty, we help you feel comfortable and informed every step of the way, ensuring that you can put your best foot forward when it comes time to make your move.
