8 September
What if two members want to buy the same property?
This happens from time to time. Firstly, because we’re a community of people committed to helping each other out and working collaboratively, our members talk to each other. In a recent example, we looked at a unit that three members were really keen on – Kerry was happy for Laurian or Andrea to pursue it because she had other opportunities she was working on, and Laurian wanted to support Andrea in getting her first deal, which meant Andrea actively pursued the opportunity.
In other cases, the bottom line is that every member has a different cost structure, which ultimately means their offer will be different from the next person. So in that way, it works no differently to the market – the vendor decides which offer, if any, to accept.