I would like input on (legal) ways to condition vendors into accepting low offers. I'm sure such tactics are unlikely to be successful in a hot market like Sydney (currently). I guess some types of sales that these tactics would be best directed at: - Property that's been on the market for a long time or where stock typically takes a long time to sell - Market where there is a lot of other similar stock available - Market where prices are outright falling (e.g. Perth) - Property where the vendor is motivated by personal circumstances (mortgagee, divorce, etc) - When vendor has owned long term/has no or low mortgage - Targeting inexperienced real estate agents I also found this which may be a good starting point: http://www.factoradr.com/docs/How To Use & Defuse Hardball Bargaining Tactics.pdf Some thoughts of my own modelled on the above (and those I've heard in the past): Have other people (friends or people you've hired for a small fee) submit ridiculously low offers on the same property, before coming in with your own slightly higher offer. Highlighting the property's negative points when making the offer (I would offer X amount, but given the cost it will take to fix X and X, I can only offer X). Take it or leave it offer (I can offer X, this will be my final offer). Use finance as a cap (My broker advised I can only borrow up to X, hence that is what I'm offering). Time sensitive offer (My offer is X, it will need to be accepted within 24 hours as will otherwise be placing an offer on another property). Offer that is conditioned to another not being accepted first (I have submitted offers on property X & Y, first to be accepted by email or text will be successful). When buying with more than 1 person, ensure the agent/vendor has the impression that only 1 party is confident about the purchase (the other shows lack of interest, highlights the issues they have with it). Making an offer subject to condition of a building report, use the report to rescind on the offer and submit a lower one as a result of any faults (however petty). Anyone else have further ideas (that have worked or even those you think may be successful in the right scenario)?