Should I Accept the First Offer or Hold Out for More in Biggera Waters?
Should I Accept the First Offer or Hold Out for More in Biggera Waters?
Biggera Waters is one of the Gold Coast’s most balanced and versatile property markets. Sitting alongside the Broadwater and close to Harbour Town, schools, and transport, it attracts a wide mix of buyers—downsizers, investors, first-home buyers, and families.
Because of that mix, properties here often attract early enquiry. And when the first offer arrives, many sellers ask the same question:
Should I accept it now, or wait to see if someone will pay more?
This Biggera Waters–specific guide breaks the decision down in plain English, based on how buyers actually behave in this suburb.
Why the First Offer in Biggera Waters Often Matters
Buyers in Biggera Waters are usually well-informed and practical. They’re comparing value against Runaway Bay, Labrador, Arundel, and parts of Southport.
That means a first offer is often:
From a buyer who has missed out on similar properties nearby
Based on recent comparable sales, not guesswork
A sign your pricing is close to current market value
In Biggera Waters, early offers are rarely random. More often, they’re a genuine attempt to secure a property before competition increases.
Biggera Waters Prices: What the Market Looks Like
Prices vary depending on proximity to the Broadwater, building type, and condition, but as a general guide:
Median house price: around the low-to-mid $1.1 million range
Median unit / apartment price: roughly in the mid-$650,000s
Water-adjacent homes, renovated properties, and boutique apartment blocks can sell above the median, while older walk-ups or inland homes may sit below. Understanding where your property fits within Biggera Waters is critical when judging any offer.
When Accepting the First Offer Often Makes Sense in Biggera Waters
Accepting the first offer can be the right move when:
1. The price aligns with recent Biggera Waters sales
If comparable properties support the offer, waiting for a big jump can be risky.
2. The buyer is organised and finance-ready
Many buyers here are downsizers or investors with clear budgets and pre-approval in place.
3. Conditions are clean and reasonable
Short finance periods, sensible building and pest clauses, or flexible settlement dates reduce risk.
4. Interest is steady, not competitive
Biggera Waters often sees good enquiry, but not always bidding wars. The strongest buyer often steps forward early.
In these situations, rejecting a solid first offer can mean losing momentum rather than gaining value.
When Holding Out Can Work in Biggera Waters
There are times when patience pays—but only with evidence.
Holding out may make sense if:
Multiple buyers are actively engaging
Open homes remain busy after the first offer
The offer is clearly below recent comparable sales
Your property has standout appeal (Broadwater proximity, renovation, quiet street)
The difference between success and frustration is strategy, not hope.
A Common Mistake Biggera Waters Sellers Make
One of the biggest mistakes sellers make is assuming more time always equals more money.
In reality:
Downsizers and investors move on quickly
Homes that sit too long can lose urgency
Buyers may start negotiating harder, not higher
Biggera Waters buyers are value-focused. If a property feels overpriced, they usually keep looking.
First Offer vs Best Offer: Often the Same Buyer
In Biggera Waters, the first offer is frequently:
From the most prepared buyer
From someone already committed to the suburb
From a buyer who understands fair local value
This is where skilled negotiation matters. Often the best result comes from refining and strengthening the first offer, not rejecting it outright.
How to Decide with Confidence
Before making your decision, ask:
Does this offer reflect what buyers are paying in Biggera Waters right now?
Are there genuinely other buyers ready to compete?
What’s the real downside of waiting another two to three weeks?
The right decision balances price, certainty, and timing—not just optimism.
Thinking of Selling in Biggera Waters?
Every Biggera Waters property—and every seller’s situation—is different. Whether the first offer is the right one depends on your home, your buyers, and your plans.
For clear, local advice before you decide:
📧 nortons.re@gmail.com
📞 Steven Norton – 0488 496 777
📞 Lawrence Norton – 0415 279 807
🌐 www.nortonsrealestate.com
At Nortons Real Estate, we help Biggera Waters sellers make confident, well-timed decisions—without pressure.
Disclaimer
This article is general information only and does not constitute legal, financial, or real estate advice. Market conditions, buyer demand, and property values change over time. For advice tailored to your circumstances, seek independent professional guidance or speak directly with a licensed real estate agent.