How to Make an Offer

To make an offer, it's best to do so in writing. Provide your full name, address, offered price, deposit date, settlement date, any clauses, and sign the offer. This ensures clarity for all parties involved.

Understanding Cooling Off

If you change your mind within three (3) working days after the vendor accepts your offer, you're legally allowed to do so. However, you may incur a fee equivalent to 0.2% of the purchase price. If the offer is subject to finance and you're unable to secure it, there's no cost for the offer not proceeding.

Offering Subject to Finance

A finance clause is for those needing to borrow for their purchase. Normally, lenders can arrange finance within 14 days (10 business days). However, an unconditional offer holds more weight with the vendor, especially in a multiple offer scenario.

Deposit Requirement

At Wise Earth, to increase the chances of your offer being accepted, we require all offers to be in writing. An initial deposit of a minimum of $1000 or 0.2% of the sale price, whichever is greater, must be submitted with the offer. If accepted, this deposit will be deducted from the balance, otherwise, it'll be refunded in full.

Understanding Section 32 (Vendors Statement)

This document prepared by the Vendor’s Solicitor/Conveyancer outlines key property elements. All buyers must view this statement before making an offer.

Nominee Clause Explained

Buyers may substitute names on the contract before settlement. However, this may incur stamp duty implications.

Timeframe for Receiving an Answer

We understand the anxiety of making an offer and aim to present it as soon as possible. Generally, you'll receive a response within 24-72 hours, but we'll keep you informed throughout.

What's a Multiple Offer Situation?

When multiple buyers express interest in the same property simultaneously. In such cases, make your best offer as you may not get another chance to revise it.

Due Diligence Checklist

Before purchasing a home, consider various issues that may affect it. Refer to the due diligence checklist provided at [link].

Our Commitment

At Wise Earth, we prioritize getting the best result for the vendor. We offer innovative advertising methods to reach a wide buyer audience and ensure transparency in pricing. Your questions and feedback are always welcome as we strive to provide the best service to both buyers and vendors.

If you change your mind within three (3) working days after the vendor accepts your offer, you're legally allowed to do so. However, you may incur a fee equivalent to 0.2% of the purchase price. If the offer is subject to finance and you're unable to secure it, there's no cost for the offer not proceeding.

Eric Liang - CEO Wise Earth Property Group