How do I stop people from making an offer on a property I’m trying to buy?

There is no such thing as a holding deposit when buying a house

Agents will NOT take the property off the market if you leave a deposit.

Signing a contract and exchanging with the agent will stop any other buyers from making an offer

This is the only way to take the property off the market! The buyer will receive a cooling-off period of five business days, which takes us to the next tip. Exchanging contracts is legally binding.

Use your cooling off period

A five business day cooling-off period is granted to the buyer automatically when they exchange with a real estate agent. 

Watch the video below to find out more about cooling-off periods and see how you can use them to your advantage.

What is a cooling off period in real estate?

Ask the agent to send the entire contract ASAP

Ask the agent to scan the whole contract and email it to you, your conveyancer and to your lender. 

The sooner your conveyancer and lender know about your purchase, the quicker they can start their processes.

 

About RM Property Conveyancing

If you’re buyingselling or want to transfer between family members, let us help you.

We offer expert conveyancing for property buyers and sellers across Newcastle, Maitland, Lake Macquarie, Port Stephens, Central Coast and NSW.

Our team of solicitors and licenced conveyancers provide accurate, cost-effective and friendly service. Our app makes every conveyancing transaction simple and stress-free.

Call us on 02 4018 7555 or get a quote online.

More Conveyancing Resources

Joy Funakii
Joy Funakii
Client
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Highly recommend Justin for those first home buyers who are new to the whole buying process. I will most definitely be using them for the future and recommending them to others.
Kim Bevan
Kim Bevan
Client
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Amanda and Justin are fantastic to deal with. We were overseas when our house sold and we didn’t have to worry about a thing. Everything was taken care of for us. A completely hassle free sale. We’ve sold two houses with them now and would happily go back to them anytime and highly recommend them to everyone.
Adam McCann
Adam McCann
Client
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Outstanding service. Went above and beyond for us. We would not have the house we have without the help of RM Legal & Conveyancing. 100% recommended!
Rebecca Smith
Rebecca Smith
Client
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Thank you Julie & Amanda for helping us with the sale of our property. You made it really easy. Loved the conveyancing app too. We'll definitely recommend you to our friends and family.
Annmaree Peden
Annmaree Peden
Client
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RM Legal has done some work for me recently, I had 3 properties at once, they were absolutely amazing, nothing was a problem, easy to talk to, they deal with everything, I would have no hesitation in recommending this company.
Brooke Lea
Brooke Lea
Client
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If anyone is looking for an amazing conveyancer Julie from RM Legal and Conveyancing was sensational. She was efficient, professional, patient, supportive, always kept us updated and informed and was super friendly and helpful and at a reasonable cost too. Highly recommend!
Jessica Corley
Jessica Corley
Client
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My partner and I recently purchased our very first home and would just like to extend our appreciation to everyone at RM Legal and Conveyancing on the outstanding job they did for us.
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