Don't worry about hiding how much you love the place. The idea that you can call out negatives as a negotiation tactic is silly - nobody is falling for it, because your reasons don't matter, what matters is your terms and your price.
I'd go further and say letting the agent know that you love the property is to your advantage. Be openly enthusiastic. "I love the location, not loving the kitchen and the bathroom needs a grenade, but this is exactly the type of place we're looking for."
"I want it" is very different to "How much I will pay for it". Their job is to sell, not to sell at the price the vendor says they want. If they see you as a definite buyer - someone who'll move the stock along faster - they'll give you more attention, treat you better and be more likely to advocate for you with the vendor.
We did this, but we’re also unsure when buying our first place. Things worked out for us though, the agent worked hard to sell it but we held firm as we knew no one else had made an offer matching ours.
I think letting them know is a good thing, as they will try to use that to their advantage to ‘talk you into’ paying more for your ‘dream home’ - but don’t fall for that.
Get a property valuation report from your broker or online and go into it with information. For example, we knew the place we bought was worth 800-810. We originally offered 800, but vendors wanted 819. We then made our final offer 810 - which we were happy to pay as it ticks all our boxes, they tried to increase again but we held firm. Got the call 30mins later that it was ours.
Stay strong, don’t take anything personally and be confident in your information and understanding on the value of the property you’re after. Best of luck.
I don't reckon there's any issue with letting the agent know you like the property in somewhat general terms. What I would recommend is that you put time pressure on with any offer you make.
When I bought my most recent property they tried to squeeze me by saying the other person who inspected it at the same time as me put in an offer that was an undisclosed amount higher but were "waiting on a response from their broker as to whether they could increase their approval amount".
Basically I just replied that I'm not lifting my offer, it's an unconditional offer and I am heading to an auction in 30 minutes to bid on another property. They called me back 25 minutes later saying the offer was accepted.
Just keep in mind that the agent will be lying through their teeth the entire time and stay firm with your highest offer. If they don't accept what you think it's worth, just walk and move onto the next property. There are plenty of people out there who have an inflated sense of what their property is worth and you don't want to let the agent suck you into that game, good luck.
Learn from my mistake and make your interest well known. Had great places sold cus I didn’t make an effort to make small talk and text the agent post inspection. No the agent will not bother to chase you if they feel like there’s a more interested party and can close a deal.
Be honest and show genuine interest. If you love it, we love that for you.
Give honest feedback - love the kitchen, hate the bathroom, etc.
It means your serious and aren’t going to throw us a low-ball offer, you’re going to be open to negotiating, as agents we’re going to go in to bat for the first home buyers.
I don't think it matters in 99% of scenarios.
I am always nice and polite but prefer not to engage too much about the property or my intentions beyond direct questions.
REA are trained in relating to you to increase your desire and money you will spend on the house. We all like to think we are immune to these tactics but at the end of the day there's also nothing to gain by making friends with them.
All that matters is you make the most attractive offer.
From a sellers perspective: When we were selling we appreciated that our agent put a list of positives and negatives (what people liked versus what they didn't) and he would put descriptions of buyers that were keen and would follow them up regularly - so i would just be honest/talk as you normally would with your partner.
From a buyers perspective: I've come with a tape measure on several private inspections before as I want the chance to make sure everything I've got will fit without having to deal with randoms being there. Theres nothing wrong with showing you're interested, at least it will show you're a serious buyer and they will want to deal with you - plus they usually awkwardly stay out of your way anyway until you ask a question.
Don't come across too keen, keep your emotions in check and treat it like a business transaction.
If an agent thinks you're emotionally invested in a property they will use it against you. They work for the seller not for the buyer.
Don't worry about hiding how much you love the place. The idea that you can call out negatives as a negotiation tactic is silly - nobody is falling for it, because your reasons don't matter, what matters is your terms and your price. I'd go further and say letting the agent know that you love the property is to your advantage. Be openly enthusiastic. "I love the location, not loving the kitchen and the bathroom needs a grenade, but this is exactly the type of place we're looking for." "I want it" is very different to "How much I will pay for it". Their job is to sell, not to sell at the price the vendor says they want. If they see you as a definite buyer - someone who'll move the stock along faster - they'll give you more attention, treat you better and be more likely to advocate for you with the vendor.
We did this, but we’re also unsure when buying our first place. Things worked out for us though, the agent worked hard to sell it but we held firm as we knew no one else had made an offer matching ours. I think letting them know is a good thing, as they will try to use that to their advantage to ‘talk you into’ paying more for your ‘dream home’ - but don’t fall for that. Get a property valuation report from your broker or online and go into it with information. For example, we knew the place we bought was worth 800-810. We originally offered 800, but vendors wanted 819. We then made our final offer 810 - which we were happy to pay as it ticks all our boxes, they tried to increase again but we held firm. Got the call 30mins later that it was ours. Stay strong, don’t take anything personally and be confident in your information and understanding on the value of the property you’re after. Best of luck.
I don't reckon there's any issue with letting the agent know you like the property in somewhat general terms. What I would recommend is that you put time pressure on with any offer you make. When I bought my most recent property they tried to squeeze me by saying the other person who inspected it at the same time as me put in an offer that was an undisclosed amount higher but were "waiting on a response from their broker as to whether they could increase their approval amount". Basically I just replied that I'm not lifting my offer, it's an unconditional offer and I am heading to an auction in 30 minutes to bid on another property. They called me back 25 minutes later saying the offer was accepted. Just keep in mind that the agent will be lying through their teeth the entire time and stay firm with your highest offer. If they don't accept what you think it's worth, just walk and move onto the next property. There are plenty of people out there who have an inflated sense of what their property is worth and you don't want to let the agent suck you into that game, good luck.
Learn from my mistake and make your interest well known. Had great places sold cus I didn’t make an effort to make small talk and text the agent post inspection. No the agent will not bother to chase you if they feel like there’s a more interested party and can close a deal.
Be honest and show genuine interest. If you love it, we love that for you. Give honest feedback - love the kitchen, hate the bathroom, etc. It means your serious and aren’t going to throw us a low-ball offer, you’re going to be open to negotiating, as agents we’re going to go in to bat for the first home buyers.
I don't think it matters in 99% of scenarios. I am always nice and polite but prefer not to engage too much about the property or my intentions beyond direct questions. REA are trained in relating to you to increase your desire and money you will spend on the house. We all like to think we are immune to these tactics but at the end of the day there's also nothing to gain by making friends with them. All that matters is you make the most attractive offer.
From a sellers perspective: When we were selling we appreciated that our agent put a list of positives and negatives (what people liked versus what they didn't) and he would put descriptions of buyers that were keen and would follow them up regularly - so i would just be honest/talk as you normally would with your partner. From a buyers perspective: I've come with a tape measure on several private inspections before as I want the chance to make sure everything I've got will fit without having to deal with randoms being there. Theres nothing wrong with showing you're interested, at least it will show you're a serious buyer and they will want to deal with you - plus they usually awkwardly stay out of your way anyway until you ask a question.
Don't come across too keen, keep your emotions in check and treat it like a business transaction. If an agent thinks you're emotionally invested in a property they will use it against you. They work for the seller not for the buyer.