Making an offer
When you’re ready to make an offer on a property, you’ll need to confirm your finances and make sure you understand the sale and purchase agreement and the different methods of sale.
If you’ve arranged a conditional pre-approved home loan with a bank or another lender and you’ve found a home to buy, you’ll need to confirm the loan before your offer goes unconditional.
Read more about Confirming your finances
A sale and purchase agreement is a legally binding contract between you and the seller.
Read more about Understanding the sale and purchase agreement when buying
A property auction is a fast-paced, public sale. The property is sold to the buyer with the highest bid after the seller’s reserve price is reached.
Read more about Buying by auction
When a property is for sale by tender, buyers give confidential written offers to the agent before a specified end date.
Read more about Buying by tender
Deadline sale is where a property is marketed for a set period with an advertised end date.
Read more about Buying by deadline
In this sale method, there is no end date for offers, and potential purchasers make offers based on what they think the property is worth in the current market.
Read more about Buying by negotiation