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The Local Ormeau Property Chat with Brett Reddell
Your home is your biggest asset—make sure you’ve got the right advice.
Join Brett Reddell, Ormeau’s trusted real estate expert, as he shares short, sharp episodes packed with insights to help you make smarter property decisions. Whether you’re thinking of selling, planning ahead, or just want to stay informed—Brett breaks down what’s really happening in the local market and why it matters to you.
Real tips. Local knowledge. Straight from the guy who knows Ormeau best.
 
Hi, and welcome to the local Ormeau Property Chat podcast. I'm Brett Reddell, your trusted local real estate expert for Ormeau and Ormeau Hills. Whether you are buying, selling, or just curious about the market. This podcast is here to give you the insights and advice you need, plus a little community connection along the way with a passion for selling family homes to families.
I'm here to share practical tips and expert knowledge to help you make confident real estate decisions. Let's get started.
Good day everyone, and welcome back to the Ormeau Property Chat. I'm Brett Riddell, your local area specialist here in Ormeau and Ormeau Hills, and today we're talking about a position many sellers dream of being in. You've listed your home, the inspections have gone well, and now you're staring at not one, but multiple offers.
It's amazing, right? But now it comes with the big question, which offer should I accept? In this episode, I'm going to help you work through that decision by looking beyond the dollar figure. We'll talk about how to compare offers, what terms to watch, and how to make sure the offer you choose actually makes it to settlement.
Righto. Let's jump in now. Multiple offers can feel like a dream scenario. And you know what? Often they are more interest means more competition, and that can definitely drive your sale price higher. But here's the part that catches some sellers off guard. More offers can also mean more complexity. Most people assume that the highest offer wins, but in reality, it's not just about the price, it's about the full picture, and that's where it can start to feel overwhelming.
What if the best offer comes with conditions? What if one buyer wants a long settlement, but the other wants to move fast? What if one offer feels stronger on paper, but the buyer seems less committed? This is where having a calm experienced agent by your side really pays off. So let's break it down a little bit.
When you receive multiple offers, a good agent and I mean a really good agent. We'll sit down with you and go through all the details, not just the price, but the conditions, the timelines, the buyer's financial position, and you know what, even their motivation here in Queensland. We also have specific protocols around handling multiple offers.
As your agent, I'm legally and ethically obligated to treat all buyers fairly. But my job is to represent your best interest first and foremost. So what exactly do we look at when comparing offers? Well, aside from the headline price, here are the key things. I help you assess. Financial approval status. Is the buyer pre-approved?
Are they cashed up, or is their offer still subject to finance? A high offer that's subject to finance can fall over if the bank doesn't come through. Meanwhile, a slightly lower offer with rock solid finance might actually be a safer bet. Deposit size and timing, how much are they putting down? And when a strong deposit upfront shows the buyer is serious, also gives you more security during the settlement process.
So let's talk about conditions attached. Is the office subject to a building a pest inspection? Subject to the sale of the buyer's current property. These things can cause delays or even derail the deal altogether, the settlement date. Does the buyer's timeline suit yours? For example, if you are building your next home or waiting on finance yourself, a longer settlement could actually be a massive advantage.
Here's something I always say to my clients, the best offer. Is it always the highest offer? It's the one that actually makes it the settlement. Sometimes the offer with fewer conditions, strong finance, and a clean quick settlement is the one that gives you the least stress and the most certainty. Think of it like comparing apples to oranges.
You're not just choosing the juiciest looking fruit, you're choosing the one that's ripe, ready and won't bruise on the way home. Now let's talk about some of the common pitfalls sellers face in this situation. Firstly, don't get caught up in the emotion or pressure. It's easy to feel flattered when several buyers are fighting for your home, but this is a financial decision, not a popularity contest.
Second, don't rush. You don't have to say yes immediately. Take the time to sit with your agent, go through each offer and weigh up the pros and cons properly. Third, don't forget your own goals. They come first. It's not just about the sale. It's about what you need next. Whether it's time to move certainty around your finances or peace of mind through the process.
And finally, don't overplay your hand. Sometimes sellers think they could push buyers too far away and end up losing them altogether in a multiple offer situation. Buyers know there's competition. If they feel played, they can walk and they do. At the end of the day, multiple offers are a great position to be in, but only if you handle them strategically.
This is where my role as your agent becomes less about listing your home. And more about protecting your interests. I help you compare the offers. I speak with buyers. I make sure we don't just get the best result, but the right one for your situation. So if you are getting ready to sell or maybe you are ready on the market and you want to be fully prepared, in case the offers start rolling in, let's have a chat.
I'll walk you through what to expect, how to handle it, and how to make sure your sale is not only successful. But stress free. Thanks again for listening to the Ormeau Property Chat. If you found this episode helpful, feel free to share it with a friend or hit follow so you don't miss out on the next one.
I am Brett Riddell, and I'll see you next time. Thanks for listening to the local Ormeau Property Chat podcast. I hope you found today's episode helpful and feel more empowered on your real estate journey. My goal is to provide you with valuable advice while staying connected to our amazing community here.
In Omo and all my hills. Remember, selling family homes to families is what I do best, and I'm here to support you every step of the way. Stay tuned for more tips, insights, and local area knowledge. In the next episode, I'll see you then.