To judge if an offer is fair market value, Michael Tomadakis compares it against recent local sales, current competition, and the campaign’s buyer response. If the offer aligns closely with true comparable outcomes—even if it’s not the vendor’s ideal—he sees it as a sign of honesty in the market. Michael also looks at timing (early offers are often strongest) and if any competing buyers may increase the result. Ask your agent for a side-by-side with recent sales, and don’t focus only on your asking price. Look at real evidence for the Melbourne inner-north.

Want clarity on offers and value? Reach out to Michael Tomadakis at Collings: www.collings.com.au/portal