Should I Accept the First Offer or Hold Out for More in Arundel?
Should I Accept the First Offer or Hold Out for More in Arundel?
Arundel is one of the Gold Coast’s most practical and well-positioned suburbs. It sits close to major roads, hospitals, schools, and employment hubs, which makes it appealing to a wide range of buyers — families, professionals, investors, and downsizers.
Because of this mix, sellers in Arundel often receive early interest and sometimes an early offer, leading to a common question:
Should I accept the first offer, or hold out for more?
In Arundel, the answer usually comes down to how value-driven buyers are — and how your home compares to nearby options.
📊 Arundel Property Market Snapshot
Before deciding what to do with a first offer, it’s important to understand current pricing.
Approximate median prices in Arundel:
Houses: around $900,000 – $960,000
Units / townhouses: around $620,000 – $680,000
Arundel attracts buyers because it offers:
Central Gold Coast location
Easy access to hospitals, schools, and transport
A mix of established homes and townhouses
Strong rental demand
This creates steady enquiry — but buyers are generally value-focused and well-informed.
🤔 What the First Offer Usually Means in Arundel
In Arundel, first offers are rarely emotional.
They usually come from buyers who:
Have inspected several similar homes nearby
Are comparing price, condition, and location closely
Have a clear idea of their budget limits
That means the first offer often reflects:
What buyers see as fair value
How your home stacks up against competition
Whether your pricing has landed in the right range
It’s often a serious starting point, not a throwaway attempt.
✅ When Accepting the First Offer Can Make Sense
Accepting the first offer may be a smart move if:
It’s close to recent comparable sales
Buyer finance and conditions are clean
There are several similar listings competing
Market feedback supports the price
In Arundel, homes that are priced correctly often attract their strongest buyer early, before attention shifts to other listings.
⚠️ When Holding Out Can Work
Holding out can work if:
You’ve had strong enquiry from multiple buyers
Open homes are busy with follow-up interest
The offer is clearly below realistic market value
However, Arundel buyers usually have plenty of alternatives.
If they feel a seller is holding out for too much, they often:
Move on to a similar home
Wait for price adjustments
Return later with a firmer negotiating stance
This can weaken momentum rather than improve the final result.
🧠 A Smarter Arundel Selling Approach
The decision isn’t just accept or reject — it’s about how you respond.
Smart strategies include:
Countering early with clear price guidance
Improving the deal through settlement terms, not just price
Using early interest to confirm value rather than guess
In practical suburbs like Arundel, momentum and clarity matter.
🏘 Why Arundel Behaves Differently to Other Suburbs
Arundel isn’t a prestige suburb, and it isn’t a new growth corridor.
Instead:
Buyers are practical and price-aware
Location and convenience drive demand
Budget ceilings are real
This means:
Overpricing gets noticed quickly
Well-priced homes sell efficiently
Time on market reduces leverage
The first offer often tells you how competitive your pricing really is.
📉 The Risk of Waiting Without a Plan
Waiting too long can:
Increase days on market
Encourage tougher negotiation
Signal flexibility on price
In Arundel, waiting without strategy often costs more than it gains.
📞 Thinking of Selling in Arundel?
At Nortons Real Estate, we understand how central, value-driven suburbs like Arundel really work.
We focus on:
Accurate pricing from day one
Clear, confident negotiation
Protecting both value and certainty
If you’re planning to sell, let’s talk first.
⚠️ Disclaimer
This article is general information only and does not constitute legal, financial, or real estate advice. Property prices and market conditions can change at any time. Always seek independent professional advice tailored to your personal circumstances before making any property decisions.