quick lisa! i’m overseas and want a melbourne investment property asap!
The Client
Travis engaged our services as he was residing in Hong Kong and wishing to purchase his first investment property in Melbourne. Travisโ view was to purchase a number of investment properties over time.
The Challenge
Travis was also travelling internationally during the time of his engagement with us, so communication proved intermittent.
Travis placed his trust in us entirely during the search process. His pre-approval was valid pre-approval until December and Travis engaged our services in September, so time was of the essence.
What We Did
After 2 weeks of dedicated searching, a suitable property was selected and we prepared to bid at auction. On auction day, we competed against 3 other bidders, one of which arrived mid auction.
Not reaching the reserve price, the property passed in to us at a figure of $595,000.
After extended negotiations between the vendor and ourselves we were able to secure the property at an agreed price of $606,000.
This property was situated within a coveted pocket of Reservoir, where prices of similar properties were selling in excess of $700,000.
The Outcome
By engaging our services, the client was able to rely on our negotiation skills to secure the property at a terrific price. As a result the client was able to secure the property at a price that was almost $100,000 under market value.
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Market Value – $650,000-$700,000
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Negotiated $606,000ย
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Client SAVED $100,000ย
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Time Taken =ย Only 33 days of dedicated searchย
Money to be made due to our experience & due diligence:ย
With our strategy our client stands to make $489,535 more in capital growth over a 10 year period based on 6.1% pa growth.
I didn’t have a lot of time to research, attend inspections or auctions as I travel frequently for work. I needed expert advise and help on the ground.
I’m very happy with the whole experience and I would engage your services again to find an investment.
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