--- title: Trade Secrets Revealed - Buying a Property with Lauren Goudy description: Every purchasing situation is different and everyone involved in the purchase has an interest. That is why a tailored purchasing strategy is so important. T image: https://blog.roseandjones.com.au/hubfs/Imported_Blog_Media/Trade-Secrets-Revealed-Lauren-Goudy.jpg --- Suites 10-11, 19-27 Cross St, Double Bay [+61 2 9327 6944](tel:%20+61%202%209327%206944) [Contact](https://www.roseandjones.com.au/contact/) [![Rose and jones](https://blog.roseandjones.com.au/hubfs/raw_assets/public/Rose_and_Jones_Sep2021/images/logo.svg "Rose and jones")](https://www.roseandjones.com.au/) Toggle navigation - Buying Property - [Residential](https://www.roseandjones.com.au/buyers-agents-in-sydney/) - [Commercial](https://www.roseandjones.com.au/commercial-property-buyers-agents/) - Property Management - [Residential](https://www.roseandjones.com.au/asset-management-residential/) - [Commercial](https://www.roseandjones.com.au/asset-management-commercial/) - About - [It’s Personal](https://www.roseandjones.com.au/about/its-personal/) - [Our Team](https://www.roseandjones.com.au/about/our-team/) - [Recent Results](https://www.roseandjones.com.au/about/recent-results/) - [Privacy Policy](https://www.roseandjones.com.au/about/privacy-policy/) - For Lease - [Residential](https://www.roseandjones.com.au/for-lease/residential/) - [Commercial](https://www.roseandjones.com.au/for-lease/commercial/) - Partners - [Why work with R&J?](https://www.roseandjones.com.au/why-work-with-rj/) - [Become an affiliated partner](https://www.roseandjones.com.au/become-an-affiliated-partner/) - Media - [Rose & Jones in the Press](https://www.roseandjones.com.au/news/rose-jones-media/) - [Testimonials](https://www.roseandjones.com.au/testimonials/) - [R&J Blog](https://www.roseandjones.com.au/blog) - [Area in Focus](https://www.roseandjones.com.au/focus-sydneys-prime-markets/) - Tenants - [Tenant Administration](https://www.roseandjones.com.au/tenant-administration/) - [Residential Tenant](https://www.lookatmyproperty.com.au/942321/Account/Logon?type=1001) - [Commercial Tenant](https://www.lookatmyproperty.com.au/737777/Account/Logon?type=1001) - [Contact](https://www.roseandjones.com.au/contact/) - Client Login - [Buyer](https://www.roseandjones.com.au/client-login/) - [Residential Owner](https://www.lookatmyproperty.com.au/942321/Account/Logon?type=1000) - [Commercial Owner](https://www.lookatmyproperty.com.au/737777/Account/Logon?type=1000) - Media - R&J Blog - Trade Secrets Revealed # Trade Secrets Revealed ### Categories: - [Buyers Agency (49)](https://blog.roseandjones.com.au/tag/buyers-agency) - [Property Management (48)](https://blog.roseandjones.com.au/tag/property-management) ![Lauren Goudy](https://blog.roseandjones.com.au/hs-fs/hubfs/Rose_and_Jones_Sep2021/images/author.png?width=96&height=96&name=author.png) 1 October 2019 Author: Lauren Goudy ### Every purchasing situation is different and everyone involved in the purchase has an interest. That is why a tailored purchasing strategy is so important. When I am buying a property for a client, I believe there are 5 essential ingredients to a successful purchasing strategy.   My recipe for success is set out below: [Lauren Goudy’s](https://www.roseandjones.com.au/team-member/lauren-goudy-4297/) Strategy Recipe 1. Vendor’s situation – why are they selling and where are they going? 2. Agent – what is the agents selling style and how do they wish to transact? 3. Budget – What figure are you happy for someone else to purchase this property? 4. Plan B – what are your other options if this doesn’t work out and how much does this property mean to you? 5. Competition – how competitive are you (or will you be at auction) when considering the price guide/your budget/other buyers Once you have considered all the key ingredients above you can then formulate the mixture for one of the following delicious outcomes in order to secure your property: - Initiate negotiations prior to auction - Bid at auction - Wait for a property to pass-in and negotiate after the auction - Present an offer on a private treaty or off-market listed property All of the above are served best with the support and expertise of an experienced Rose & Jones Buyer’s Agent by your side!   Written by [**Lauren Goudy**](https://www.roseandjones.com.au/team-member/lauren-goudy-4297/) Buyers Agent [lauren@roseandjones.com.au](mailto:lauren@roseandjones.com.au) [Prev Article](https://blog.roseandjones.com.au/blog/spring-market-conflicting-indicators) [Next Article](https://blog.roseandjones.com.au/blog/18393/) ![Rose and Jones Buyer's Agency](https://blog.roseandjones.com.au/hs-fs/hubfs/Imported_Blog_Media/Trade-Secrets-Revealed-Lauren-Goudy.jpg?width=1998&height=1998&name=Trade-Secrets-Revealed-Lauren-Goudy.jpg) ## What else can we help you with? - [Commercial Asset Management](https://www.roseandjones.com.au/asset-management-commercial/) - [Residential Buying](https://www.roseandjones.com.au/buyers-agents-in-sydney/) - [Commercial Buying](https://www.roseandjones.com.au/commercial-property-buyers-agents/) - [Auction Bidding](https://www.roseandjones.com.au/buying-property-residential/#auction-bidding) - [Vendor Advocacy](https://www.roseandjones.com.au/buying-property-residential/#vendor-advocacy) ## We're here to listen **GET IN TOUCH**