Congratulations to our latest Bendigo purchasers, Jeff & Shermaine. Having been burnt in the past with an investment purchase, Jeff & Shermaine were intent on getting things right this time around, so they engaged our Buyer Advocate services to help them. They wanted a property that provided both growth and yield but did not know where to look or what type of property to look for.
Investor – The property needed to provide ongoing, long term capital growth with a high level of yield. The property had to be a desirable rental option to maximise rent return and minimise potential vacancies. Property Mavens identified a location that matched their specific requirements and sourced a property that suited their brief and specific budget. We were then able to negotiate successfully to purchase the property for a price well within the available budget. With our specific knowledge of the market and our superior negotiation skills, we were able to secure the property for $44,000 less than what a more inferior property sold for, in the same street, selling at the same time, to a Private Buyer. With our Special Conditions included in the contract we were also able to have some minor repairs undertaken by the Vendor prior to settlement, saving Jeff & Shermaine additional funds.
Purchased: On market, under budget. $44,000 less than similar property in same street sold for.
Secured: Private negotiation, with competition.
Identified: No building issues identified during the due diligence
Settlement outcome: Settled and leased within 2 days of settlement.
10/10 Engaged Michael Kimbel to help find and purchase a suitable investment property. Michael provided a fantastic service, communicated extremely well and helped identify and document potential issues with the property being proposed. He surpassed expectations by liaising between all our representatives (bank, solicitor etc) and the vendor's agents to not only get us the best deals, but also to expedite actions where required throughout the entire purchase process and settlement period. His market knowledge and contacts were able to help us also get great deals with managing agents and other associated services, and Michael's diligent and expert service continued all the way through to settlement where he helped ensure all our contract conditions were met. Highly recommend getting in touch with Michael if you're looking for a buyer's agent/advocate! Thanks again Michael, hopefully see you for the next one soon!
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