The property market is heating up again. Interest rates are dropping, first-time buyers are returning with renewed confidence, and real estate agents are fielding more inquiries. But with this renewed activity comes a concerning trend: buyers being pressured to submit unconditional cash offers to "win" properties.
This risky approach to property purchasing deserves closer examination. Making a cash offer essentially means you're locked in - comparable to clicking "buy now" on Trade Me. There's no backing out once committed, even if serious issues emerge with the property. While you might have finance pre-approved, you still need insurance approval, builder's reports, LIM checks, and other critical due diligence steps that shouldn't be rushed or skipped entirely.
We believe strongly in protecting our clients from unnecessary risk. One of our guiding principles is simple but powerful: "Don't let the agent's urgency become your urgency." Buying a property is one of life's biggest financial decisions - sometimes even more permanent than marriage! Taking the time to properly investigate a property isn't just prudent; it's essential for your financial wellbeing. We share strategies for navigating auctions effectively, including making post-auction offers and having all your "ducks in a row" before considering unconditional offers. For those determined to make cash offers competitive, we recommend allowing at least ten days for thorough due diligence.
Want to learn more about protecting yourself while still being competitive in today's market? Listen now, share your experiences with unconditional offers, and remember to check out our previous episode about going unconditional for even more insights on navigating the property market safely and successfully.

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