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Hmmm thanks for the tip. Never really knew that kind of service existed. How do they charge you for this kind of service?

Thanks Tim. I got way too emotionally attached to this one unfortunately.

It sure is. First time i've ever experienced it.

As a first time buyer, i realize i made a mistake by going in so quickly and so eagerly. However, I only did so because i missed out on a very similar property the week before which got snapped up extremely quickly. So i thought that by acting quickly on this property, the bad luck would fall on...

Wow, they actually offered above the asking as their initial offers? Was the person who offered 700k notified and given the chance to outbid the other?

Thanks for the advice. And I'll make sure not to be pushy with any agents.

Thanks for the insight. I'm a novice when it comes to real estate so this is all good knowledge. I came into this certain property thinking of it as going to a mall and seeing something you like at a retail store and then purchasing it at price set on the price tag. Instead, it's more like a...

I'm not too sure what a sunset clause is but i googled it and seems to imply a lot of legal work. I'm just not confident in putting in an expiry on my offer since i have a feeling many others competing against me.

This is my feeling too. :(

Bummer. I really dont want to lose this opportunity and by giving an artificial deadline might do that. I honestly believe that this is a bargain and that there will be many interested in it. Then again, i feel really bad i peaked interest so early.

Fair point. So could there are other buyers out there who he thinks will offer higher than the asking price? Or will he be starting a bidding war amongst the highest offerors after the vendor considers all the offers?

So making myself look like i want it bad will entice him to squeeze that little bit out of me? I was worried about that. But i thought by doing so that they would act and sell it to me ASAP. I didn't really think about these other tactics they had under their sleeves.

I'm not paying the agent anything of course. But isn't his job to sell the property?

So you think that he's got me down as the one that will eventually buy the property and simply telling other buyers that it's already "sold"? Surely they wouldn't do such a sneaky thing??? :eek:

Hi all, The other day i saw a new listing for a property that i knew i wanted - exact amount of land area i needed, perfect suburb for me, nice house. So i acted quickly and made an offer early next morning. The offer i made was the asking price because i wanted this BAD. This is what the REA...