What is an Instant Quote?

An Instant Quote is an immediate strata management quote generated from a participating manager's pre-set pricing for your building type, lot count and location. It lets you see a likely fee and compare suitable managers without waiting for each provider to prepare a proposal manually.

Instant Quotes remove the days of waiting that usually follow a strata management enquiry. Here is exactly how they are produced, what they should show, and where a tailored proposal is still the better option.

What is an Instant Quote?

An Instant Quote on Local Strata Manager is a strata management price indication generated immediately from pricing that a participating manager has already set for buildings matching your location, property type and number of lots.

Instead of waiting for the manager to prepare a proposal from the beginning, the platform matches the information you provide with the manager's pre-priced service settings and displays the quote straight away.

It gives an owners corporation, body corporate or strata committee an early view of likely management fees and inclusions. It is a starting point for comparison and discussion, not the final appointment of the manager.

How does an Instant Quote work?

What information is used to generate it?

The core Instant Quote is generated from the pricing criteria the manager has configured and the building details supplied in the request. Location, lot count and building type are central inputs. Additional questions may help the platform and manager understand the building's complexity and whether a standard package is suitable.

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Is the Instant Quote prepared by Local Strata Manager?

The quote is generated through the Local Strata Manager platform, but the underlying pricing is set by the participating strata manager. Local Strata Manager does not invent a fee on the manager's behalf — the platform applies the manager's pre-priced settings to the building information supplied.

The manager remains responsible for confirming the services, final fee proposal and management agreement.

Is every quote on the platform instant?

No. Some managers provide Instant Quotes because they have pre-priced suitable building profiles. Other managers may need to review the request and prepare a tailored quote. This is common for larger, unusual or complex schemes.

A non-instant quote is not necessarily less competitive. It may simply reflect a manager's preference to review more information before pricing.

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Is an Instant Quote a fixed final price?

Not necessarily. It is based on the information submitted and the manager's configured pricing assumptions.

The price may be confirmed without change when the scheme fits the expected profile. It may also be refined if later information shows additional work, unusual facilities, major disputes, incomplete records or services that were not included in the initial assumptions.

Before relying on the price, check whether it is described as fixed, estimated, indicative or subject to document review.

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Is an Instant Quote legally binding?

An Instant Quote is generally a proposal or price indication, not the legal appointment of a strata manager.

The owners corporation or body corporate must follow the appointment process required in its state or territory. This commonly includes a meeting resolution and a written management agreement setting out the term, fees, duties and delegated powers.

A binding agreement may arise only after the required parties accept and sign the final contract and complete the applicable statutory approval process. Read the quote terms and obtain legal advice where the contractual status is unclear.

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What should an Instant Quote show?

What may not be included in the base fee?

Strata management agreements often separate standard administration from additional services. An attractive base fee may not include every task your scheme requires. Compare the inclusions and fee schedule rather than looking only at the headline number.

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How is an Instant Quote different from a fee calculator?

A generic fee calculator may estimate a market range using broad assumptions. An Instant Quote on Local Strata Manager is connected to pricing a participating manager has configured for the types of buildings and locations they are willing to service.

It therefore represents that manager's own pre-priced response to the submitted scheme profile, subject to the quote terms and later confirmation.

Does an Instant Quote guarantee the manager will accept the building?

No. The manager may need to confirm availability, capacity, service area and suitability before progressing.

A manager may decline or amend a quote if the submitted information is inaccurate, the building falls outside the intended profile or the scheme has undisclosed risks that materially affect the work. The platform match and Instant Quote reduce waiting time, but they do not remove the manager's professional due diligence.

Can the price change after the manager reviews our records?

Yes, depending on the quote terms and what the records reveal. A reputable manager should explain any proposed change, identify the new information affecting the price and provide an updated written proposal before appointment. Common triggers include:

Key takeaways

Related questions

What is an Instant Quote on Local Strata Manager?
It is an immediate strata management quote generated from a participating manager's pre-set pricing for your location, building type and lot count.
Who sets the price?
The participating strata manager sets the pricing criteria. Local Strata Manager applies those settings to the submitted building profile.
Is it a final contract price?
Not necessarily. It may be confirmed or refined after the manager reviews the scheme's information, records and service requirements.
How long does it take?
It is generated immediately, rather than waiting for the manager to prepare the initial quote manually.
Does it appoint the manager?
No. The scheme must still follow the required approval process and enter a written management agreement.
Is there any obligation to proceed?
No. You can compare the quote, ask questions and decide whether or not to progress.
How fast is an Instant Quote generated?
It is generated immediately after the relevant scheme details are matched with a participating manager's pre-set pricing.
Is an Instant Quote guaranteed?
It reflects the submitted information and the manager's pricing settings. The manager may need to confirm availability, assumptions and the scheme's actual complexity.
Do all managers offer Instant Quotes?
No. Managers may instead review the request and submit a tailored proposal.
Do I have to choose an Instant Quote manager?
No. The comparison service is no-obligation, and you may choose another manager or decide not to proceed.

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