PRICED

PRICED

Clear Pricing, Flexible Offers

Unlike auctions or tenders, priced properties are listed with an asking price or as “Price by Negotiation.” This method gives buyers clear expectations and the flexibility to structure offers with terms and conditions that suit their situation.

At Harcourts Patras & Co (Greenlane), this is one of the most common and buyer-friendly ways we help clients purchase homes—especially in residential suburbs where vendor motivation varies.

What is a Priced Property?

A priced property is marketed with:

  • A fixed price (e.g. $1,050,000)

  • A price range (e.g. $980,000 – $1,050,000)

  • Or as "Price by Negotiation" (no price disclosed, inviting offers)

There is no public bidding or deadline, and the process is similar to private treaty.

Benefits of Buying a Priced Property

Transparency

  • Buyers often know the vendor’s price expectations, which allows for realistic offers.

Negotiation Flexibility

  • You can negotiate price, settlement date, deposit amount, and conditions.

Conditional Offers Welcome

  • Unlike auctions, you can submit offers subject to:

    • Finance approval

    • LIM and building report

    • Sale of your existing home

Less Pressure, More Time

  • Offers can be submitted and considered at any time.

  • There’s space to conduct due diligence without rushing.

Ideal for All Buyer Types

  • Suitable for first-home buyers, investors, families, and downsizers alike.

How the Process Works

  1. Property Inspection
    Attend open homes or private viewings and ask the agent for a price guide.

  2. Offer Preparation
    Draft a Sale & Purchase Agreement with your desired price and conditions.

  3. Negotiation
    Your offer is presented to the vendor. They may accept, decline, or negotiate further.

  4. Agreement & Due Diligence
    Once accepted, work through any conditions. If all are satisfied, the contract goes unconditional.

  5. Settlement
    Pay the balance and take possession on the agreed date.

Common Misconceptions

  • “The listed price is non-negotiable”
    In most cases, there is room to negotiate, especially if the property has been on the market for some time.

  • “Priced means no competition”
    Multiple buyers may still be interested. A strong, well-structured offer matters.

  • “No price = no idea what to offer”
    Your agent can provide comparable sales to help guide your offer strategy.

Why Buy Priced Property with Harcourts Patras & Co (Greenlane)?

  • We provide recent comparable sales to support your offer.

  • Our agents are skilled in balancing buyer and vendor expectations to achieve a fair agreement.

  • We support you through the negotiation and conditional stages with transparency and care.