Can I negotiate the settlement period or deposit?

Specific contract conditions can help put one buyer ahead of another when there is more than one offer on a property for sale.

In Queensland, both the settlement period and the deposit amount can be negotiated with the seller prior to signing the contract.  

The terms of a contract are up for negotiation and is a very powerful tool for a purchaser.  The highest price does not necessarily clinch the contract. 

Offering a higher deposit can make your offer more appealing to a vendor as it reinforces that the buyer is serious about the offer.

The settlement period is also an important consideration.  A vendor may prefer a short settlement or a longer settlement depending on their own needs.  Meeting the vendor needs may put you well ahead of other offers.  Speak with the sales agent about vendor preferred settlement timeframes.