How does OwnHome determine the fair price to pay for a home?

Using data, comparable sales and our team's expertise we determine a fair and reasonable price for a home.

Our goal is to purchase every home at a fair and reasonable price for our customers. To determine a fair price we look at a number of factors, including:

  • Comparable nearby homes and recent sales in the area
  • Constant monitoring of market trends and dynamics
  • Our team’s valuable knowledge of the home buying market

By looking at all this information, we’re able to determine a fair market value of the home and create a bidding strategy that ensures we make a competitive offer from the outset.

While we always do our best to win every home negotiation on behalf of our customers, sometimes it might not make sense for OwnHome to make an offer on a specific property or we may be unwilling to meet a price demanded by the seller. This could be due to several factors, including:

  • Unreasonable pricing or requests by the seller
  • Market dynamics that inflate prices beyond customer budget constraints

Our more objective approach to house valuations means that we take a transparent and clear approach to negotiations, so that our customers can be confident and comfortable with their choices to bid, or not bid, on a home.

We’ve managed secure homes as much as $650,000 below the price guide on behalf of our customers, saving them years of their life in interest expenses. That’s more than the entire deposit plus stamp duty you would need on a $1M home.

Our mission is to help you become a home owner, so we pay close attention to the price of the home. This is because the price we pay for a home is the most critical factor impacting your fortnightly payments and your buyback price when you’re ready to repurchase the home.

See how we can help champion your home owning cause by getting started online.