Type of Property: House
Reason of Purchase: Investment4 2 2
Hot Property Buyers Agency regularly purchase off market properties for clients, but this one was a great purchase. The story with this property starts when a repeat client was speaking to our senior buyers agent and property strategist Zoran Solano discussing the next move with their portfolio, After a few discussions the search was on. Not long after the search kicked off our office received a call from a private seller, who had taken their property to market previously but didn’t obtain the price point they were looking for.
These sellers where now wanting to sell the property privately and where happy to deal directly with buyers in order to obtain a deal, Zoran quickly identified that this property matched his clients criteria and shortly after the property was secured under contract.
At the Building and Pest it was identified there was some minor items which Zoran negotiated a price adjustment for in the buyers favor, but it was also identified that the ensuite had a leak. This was a serious concern for both the buyer and the seller as they were unaware of this issue. To assist in facilitating the purchase Zoran promptly sprung into action to arrange trades people to attend to the works at the sellers cost prior to settlement. This ensured that the works where done by trades people that we trusted, and the buyer wasn’t out of pocket time or money post settlement.
All in all it was a great outcome with happy buyers, who now have a great investment property purchased at a competitive price point, achieving a great rental return around the Mid 4 % Range, and given the competitive price point, and refreshed bathroom there is definitely some potential equity manufactured here.