National Brokers Network

Home Buying Tips in Competitive Areas

Australia’s home markets are experiencing ups and downs recently, but that doesn’t mean competition is out of reach. Areas, such as Sydney and Melbourne still rank as competitive markets when it comes to properties.

Learning how to navigate competitive home markets is a great head start in finding the best properties. Here are home buying tips in competitive areas to get you started.


Prepare Yourself

The world of real estate is full of preparations, research, calculations, and decision making.

Before entering a competitive market, experts always recommend consulting with professionals. Choose the real estate firm with integrity and responsibility. Why? Brokers with integrity always put your best interest first. Take the time to search a trusted one who knows how to negotiate to get started.

National Brokers Network has a roster of brokers who’re available to guide you through the home buying process and provide you insights.


Source Your Funding

After partnering up with a broker, the next step for home buyers is to determine the budget and source money to make the purchase a reality.

Brokers can only help to an extent when it comes to introducing you to lenders; it’s still up to you to convince lenders to approve your loans. Include a written letter stating how much the home means to you. Also, use an escalation clause, waive specific fees.


Don’t Expect Things Always Go as Planned

Lenders can reject loans. Rivals can buy your dream home before you do. Sometimes, things don’t go how you planned. That’s why it’s imperative to become flexible and have a backup plan.

Consult with your broker for possible solutions when the house you wanted got purchased first, or lenders rejected your loan. Competition exists, and that’s why learn to become patient and competent.

Find the right broker and property for you. Through National Brokers Network, we have a team of seasoned brokers respected in Australia. Each member has experience in every step of the home buying process. You can also visit our website to see fresh residential listings, which also displays an assigned broker you can contact if interested in the property.

Get insights from experts — call +61 03 9226 9222 or email to get started.


Confidentiality Agreement

In Consideration of the Vendor of the subject business, or any other business introduced to the Proposed Purchaser and their agent National Brokers Network (“the agent”) providing information to the Prospective Purchaser, the Prospective Purchaser agrees:

1. To keep all information provided confidential in respect to the subject business and any other business introduced to the Prospective Purchaser by the Agent.
2. That no information is to be disclosed by the Prospective Purchaser to any third party without consent by the Agent;
3. That it will not use for themselves. Or for others benefit, such information other than to Purchase the subject business or other business introduced by the Agent;
4. That any agreement to purchase the whole or portion of the business shall be exclusively through the Agent;
5. To immediately return to the Agent all such information and other details in written form including any drawings and any copies made of written information, notes, summaries or extracts of any document therefor if any when requested by the Agent;
6. Under no circumstances will the Prospective Purchaser make direct contact with the vendor of the subject business or other introduced business without the prior written consent of the Agent;
7. If the Prospective Purchaser breaches this agreement or buys the business direct from the Vendor, the Prospective purchaser is liable to and indemnifies the Agent for any and all losses the agent may incur including economic loss and loss of income.v

Client Signature (Sign on the box below)