Jennifer is currently living overseas and wanted to buy high performing investment grade property in Melbourne to start her property portfolio.
- Investor - After determining a capital growth strategy and working with a strict budget, searching commenced in a high performing cluster of suburbs.
- Negotiated price: at market value
- Secured: off market, below budget and in desired suburb
- Identified: $9,500 in hidden property repairs during due diligence period
- Settlement outcome: $4,750 was rebated back to our client at settlement, due to the strict contract clauses we used and the additional negotiations we attended to on behalf of our client.
I am originally from Australia but live in the UK and have been wanting to buy an investment property in Melbourne for many years now but I wasn't sure how to do it from overseas. I decided to hire a buyer’s advocate and started researching various companies on-line. Miriam at Property Mavens was one of the people/companies to reply and she suggested we arrange a Skype chat to discuss further details of how the search and buying process works. I was impressed within Miriam’s knowledge and found her to be very personable.
I have very little property buying experience and was happy to have a professional completing the search for me and guiding me through the process. Miriam found me a suitable property within 3 weeks that didn't even make it to the market and negotiated a discount on the asking price as the survey showed up some issues which need fixing at some point. Miriam was the go-to person for the seller, my conveyancer and she also helped push my mortgage broker to ensure we were ready for settlement date. Miriam is very well connected in the industry and goes the extra mile to ensure her clients get the best deal possible on the chosen property.
My plan is to hold on to the property until I am ready to move back to Australia when I will use the proceeds to buy a family home. Buying a property now hopefully means I will earn some capital growth and be able to purchase a better home than I may have done if the money just sat in the bank for a few years! Miriam kept me informed of progress and pro-actively kept the sale moving. If the opportunity presents itself in the future, I may even consider buying a second investment property with Miriam’s help. If you’re looking for a professional and knowledgeable buyer’s advocate, then I would highly recommend getting in touch with Miriam as she provides an excellent service.
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