Peter & Clare’s Journey
Peter & Clare* were already in the Melbourne market with their first home, their Principal Place of Residence. Wanting to use this PPOR to kick start a rewarding property investment journey, they had great intentions to move forward on their wealth creation plans. Initially attempting to tackle this on their own, Peter and Clare soon realised that trekking around opens homes week in, week out was not productive for their time frame. What made matters more trying was that they had made offers, but remained unsuccessful at securing an investment property. As The Property Couch listeners, they decided to reach out to our Buyers Agent, Christa Batt, for advice.
The Search Process
Working with Christa, it was soon determined that, although time was one of the elements holding Peter and Clare back from the market, what they most required was help to determine the true value of a property, and how to handle its negotiation. The search process was quick and painless.
In truth, with Christa now assisting with their journey, it was only a matter of two weeks before the Californian bungalow property showed up for Peter and Clare. Perched on a good-sized block in Albion, a suburb not too far from Melbourne’s CBD, an original period charmer, flooded with natural light and only a short walk from all the lifestyle drivers was found. A true investment grade catch!
Given the property had positive signs around its numbers and capital growth potential, Christa wasted no time moving into the negotiation stage on behalf of Peter and Clare. As a result, a fair outcome on price was reached, a tenant was lined up at settlement and, these two happy Geelong supporters became the proud owners of a very good quality asset with excellent capital growth prospects.
The Pre and Post Settlement Service
As is the way with all of our clients; after the property was purchased we coordinated the building inspection and all contract reviews. This meant making sure all negotiations made after the auction, including additional contract conditions and various maintenance items, were checked and carried out correctly. We assisted with property managers and made sure everything was in place for Peter and Clare. Both were impressed with the quick and painless result. Another win!