What to Confirm Before You Make an Offer As a Smart Buyer

Making an offer is the moment the process becomes real. Before you get there, these are the things a smart buyer confirms.

Property fundamentals

• Size: Is the listed square footage verified, or an estimate?

• Legal status: Is the property freehold, leasehold, or another ownership structure? What are the implications for you as a buyer?

• Title: Is the title clear? Are there any disputes, liens, or encumbrances on the property?

• Planning and permits: Have all renovations or additions been done with the appropriate permits?

• Service charges or maintenance fees: if it's an apartment or development, what are the ongoing costs beyond the mortgage?

Location due diligence

• How does the neighbourhood hold up at different times of day and week?

• What are the transport links, schools, hospitals, and daily conveniences nearby?

• Is the area in a flood zone, near industrial activity, or subject to any planning developments that could affect value or livability?

Financial readiness

• Do you have a mortgage pre-approval or a clear picture of what you can borrow?

• Have you accounted for all costs beyond the purchase price: taxes, legal fees, survey costs, moving costs?

• Is your DreamWallet savings positioned for the down payment required?

Read: What Happens When Your DreamWallet Goal Is Reached

The seller and the process

• How long has the property been listed? Extended time on market can indicate a pricing or condition issue.

• What's the seller's timeline? A seller who needs to move quickly may be more flexible on price.

• Are there other interested parties? Knowing the competitive landscape before you make an offer helps you pitch at the right level.

A rushed offer is rarely a good offer. Take the time to check these boxes, and you'll make your move with clarity.

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