How do I stop people from making an offer on a property I’m trying to buy?
There is no such thing as a holding deposit when buying a house
Agents will NOT take the property off the market if you leave a deposit.
Signing a contract and exchanging with the agent will stop any other buyers from making an offer
This is the only way to take the property off the market! The buyer will receive a cooling-off period of five business days, which takes us to the next tip. Exchanging contracts is legally binding.
Use your cooling off period
A five business day cooling-off period is granted to the buyer automatically when they exchange with a real estate agent.
Watch the video below to find out more about cooling-off periods and see how you can use them to your advantage.
What is a cooling off period in real estate?
Ask the agent to send the entire contract ASAP
Ask the agent to scan the whole contract and email it to you, your conveyancer and to your lender.
The sooner your conveyancer and lender know about your purchase, the quicker they can start their processes.
About RM Property Conveyancing
If you’re buying, selling or want to transfer between family members, let us help you.
We offer expert conveyancing for property buyers and sellers across Newcastle, Maitland, Lake Macquarie, Port Stephens, Central Coast and NSW.
Our team of solicitors and licenced conveyancers provide accurate, cost-effective and friendly service. Our app makes every conveyancing transaction simple and stress-free.
Call us on 02 4018 7555 or get a quote online.
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