LLC Real Estate

JUST SOLD!! 7 Collins Street, Ormond
What a fantastic way to usher in the Spring season in real estate! This magnificent property JUST SOLD for an amazing result! Call us now to have a chat about your options if you are considering selling your property. We’re always here to help!

View online:-
https://www.realestate.com.au/sold/property-house-vic-ormond-151594848

Contact:-
Eric Li
0415 689 981
[email protected]

MONDAY musings:-
https://www.facebook.com/share/p/19RZCaqw8p/

Should You Accept an Offer Subject to the Purchaser Selling Their Property?

In a changing property market, sellers sometimes receive offers from purchasers who need to sell their existing property before they can complete their purchase.

At first glance, a “subject to sale” offer may seem less attractive than an unconditional offer. After all, there is an additional element of uncertainty. However, I believe these offers should not always be dismissed. Instead, they should be carefully assessed based on the circumstances and the likelihood of the purchaser successfully selling their property within the required timeframe.

I recently experienced a good example of this.

A recent case

I received several enquiries from purchasers who wanted to make an offer subject to the sale of their existing property.

I discussed the situation carefully with my vendors and explained that, if we were going to consider a conditional offer, we needed to have confidence in the purchaser’s ability to sell their property within a reasonable timeframe.

The purchaser initially wanted their purchase to be subject to the sale of two properties.

From my perspective, this created too much uncertainty for my vendors. Selling one property can already involve timing and market risks; relying on the sale of two properties adds another layer of uncertainty.

I therefore suggested that we limit the condition to one property.

Of the two properties, I selected their Box Hill South property, as I had greater confidence that it could be sold quickly in the current market.

Fortunately, the strategy worked.

I sold the Box Hill South property in just 34 days.

Even more surprisingly, their second property in Clayton South was sold within 10 days.

Putting my vendors first

There was another important consideration for me throughout the process.

I told the purchasers that they were welcome to engage another agent to sell their properties. I wanted my vendors to be completely comfortable that my recommendation to consider their offer was based on what I believed was the best outcome for them — not because I wanted to secure the opportunity to sell two additional properties.

The purchasers, however, preferred me to handle the sales.

Thankfully, everything worked out very well for everyone.

So, is a subject-to-sale offer a good idea

There is no simple yes or no answer.

A subject-to-sale offer can be worth considering when there is no stronger unconditional offer available, but it needs to be assessed carefully.

Some of the important questions I would consider include:

- How saleable is the purchaser’s existing property?
- Is it priced realistically?
- How long is it likely to take to sell?
- Is there genuine buyer demand for that type of property?
- Does the purchaser have a realistic timeframe?
- What happens if the property does not sell within that timeframe?
- Are the terms of the contract structured appropriately to protect the vendor?

Most importantly, the decision should be made based on the vendor’s best interests, rather than simply focusing on securing a sale.

Sometimes the right solution is not the most straightforward one

This recent experience reminded me that real estate is often about finding solutions.

If there is a strong unconditional buyer available, naturally that may be the preferred option. But if there isn't a better alternative, completely dismissing a subject-to-sale purchaser may mean missing an opportunity.

The key is understanding the risks, assessing the purchaser’s circumstances and existing property realistically, and making sure the vendor understands the situation before making a decision.

My first subject-to-sale transaction also settled successfully, and this second experience has given me even more confidence in carefully considering these types of opportunities.

Ultimately, my role as an agent is not simply to find a buyer.

It is to assess the situation, identify the risks, provide honest advice and help my vendor make an informed decision.

Sometimes, a conditional offer that initially appears complicated can, with the right strategy and careful management, turn into a successful outcome for everyone.

JUST SOLD!!! 6 Hay Street, Box Hill South
In a tough market, we strive to do our very best for you. We achieved an excellent result for this property and would be happy to assist you in gaining some current market insights. Get in touch today!

View online:-
https://www.realestate.com.au/sold/property-townhouse-vic-box+hill+south-151825684

Contact:-
Yin Yin Loh
0410 052 131
[email protected]

JUST SOLD!!! 115 Osborne Avenue, Clayton South
Another one SOLD!!! Fantastic result! Interested in knowing what your home is worth in the current market? We would be happy to provide you with a free market appraisal. Contact us now, let's have a chat!

View online:-
https://www.realestate.com.au/sold/property-house-vic-clayton+south-151948696

Contact:-
Yin Yin Loh
0410 052 131
[email protected]

JUST SOLD!!! 108 Springvale Road, Glen Waverley
This centrally located property featuring panoramic views of the Dandenong Ranges JUST SOLD for an excellent price in today's market - heartiest congratulations to all parties! Are you interested in knowing what your home is worth in the current market? If you are thinking of selling, contact us now for a free appraisal!

View online:-
https://www.realestate.com.au/sold/property-house-vic-glen+waverley-151524060

Contact:-
Yin Yin Loh
0410 052 131
[email protected]

JUST LISTED!!! 12 Jenkins Court, Wantirna
5 🛏 5🛁 2 🚗
Set on approximately 900 sqm of land, this impressive family residence delivers exceptional space, style and comfort, with approximately 68 squares of building area.

View online:-
https://www.realestate.com.au/property-house-vic-wantirna-152154144

Contact:-
Eric Li
0415 689 981
[email protected]

Ricky Chen
0405 157 785
[email protected]

JUST SOLD!!! 8 Brusco Close, Rowville
This fabulous family home JUST SOLD on the weekend! Glad to have been part of this family's property journey. If you are thinking of selling, call us now to gain some market insights, we would be happy to provide you with a free appraisal!

View online:-
https://www.realestate.com.au/sold/property-house-vic-rowville-150584248

Contact:-
Yin Yin Loh
0410 052 131
[email protected]

Maggie Yang
0422 228 587
[email protected]

JUST SOLD!!! 1/1229 Nepean Highway, Highett
This fabulous family home JUST SOLD for an amazing price! Are you interested in knowing what your home is worth in the current market? If you are thinking of selling, contact us now for a free appraisal!

View online:-
https://www.realestate.com.au/sold/property-townhouse-vic-highett-151626824

Contact:-
Eric Li
0415 689 981
[email protected]

Congratulations to our Purchasers on collecting the keys to their new home today! Wishing you many happy memories ahead! 🥂🎉

Contact:-
Ricky Chen
0405 157 785
[email protected]

Connie Jian
0468 376 098
[email protected]

JUST SOLD!!! 8 Botanic Drive, Glen Waverley
This magnificent Glen Waverley home JUST SOLD for an excellent price!! Are you interested in knowing what your home is worth in the current market? If you are thinking of selling, contact us now for a free appraisal!

View online:-
https://www.realestate.com.au/sold/property-house-vic-glen+waverley-151842904

Contact:
Eric Li
0415 689 981
[email protected]