🎧 Episode 198: What Agents Don't Tell You About the Offer Process

Ever feel like you're stuck in no man's land after making an offer? That weird silence from the agent that probably leaves you wondering—what's next?
In this episode, we tackle exactly what happens between submitting your offer and hearing back. It's one of the most frustrating parts of the home-buying process, and if you've ever found yourself asking, "Do we counter again or is this a one-and-done situation?"—you're not alone.


We break down how skipping key steps—like reviewing the contract or researching pricing—can throw you off track and leave you scrambling while also talking about the emotional rollercoaster of negotiations and why it's critical to know if you're bidding against others or in a straight negotiation because believe us, knowing the difference can save you a lot of stress (and money). And then, we share the go-to magic question that every buyer needs to ask an agent to avoid misunderstandings.

So, if you want to avoid rookie mistakes, keep your cool during negotiations, and handle the offer process like a seasoned pro, this episode's got you covered. (Stay with us till the end to hear the most important question you should ask that could make or break your deal.)

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Episode Highlights:
00:00 - Introduction
02:27 - "We've offered and are waiting to hear back...what do we do?"
03:28 - The football analogy
05:46 - A quick run through of the 10 steps in the first home buyer guide
07:00 - What are the key steps in the offer process?
13:49 - How to handle multiple offers and negotiations
15:16 - How the process of making offers on property can vary widely between agents
20:00 - Effective negotiation strategies
23:09 - Emphasis on emotional control and why it's so important in the offer process
27:45 - A good question to ask when you find out there are other offers on the property
Resources mentioned in this episode:

➼ Your First Home Buyer Guide Episode 197: How Do You Handle the Stress When Buying a Home on Your Own? https://homebuyeracademy.com.au/podcasts/197
Resources:
 
➼ Meet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokers
 
 
➼ Learn how to buy property without making a mistake with our ultimate 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
 
➼ If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast [email protected]
 
➼ Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
 
➼ Work with Veronica: https://www.veronicamorgan.com.au
 
➼ Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
 
If you enjoyed today's podcast, don't forget to subscribe, rate, and share the show! There's more to come, so we hope to have you along with us on this journey!
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Learn how to buy your first home without making avoidable mistakes.
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  Co-Founders

Veronica Morgan & Meighan Wells 

Veronica & Meighan are both licensed real estate agents who exclusively help buyers. Together they have nearly 40 years experience as property professionals.

Veronica is principal of Sydney based Good Deeds Property Buyers and is also co-host of The Elephant in the Room property podcast as well as Location Location Location Australia on Foxtel and author of Auction Ready: how to buy property at auction even though you're scared s#!tless!

Meighan is the multi award winning principal of Brisbane based Property Pursuit, chairperson of the REIQ Buyers Agent Chapter & a regular media commentator.

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