Rose & Dan's Journey
Referred by their real estate sales agent friend, Rose and Dan needed guidance after searching for an investment property for four years and getting nowhere!
BRIEF
- Investor - After determining a capital growth strategy and working with a strict budget, searching commenced in a high performing cluster of suburbs within 7km from the CBD. After searching we identified and purchased a property in Ascot Vale that surpassed the client brief for $10,000 under the vendor reserve price.
OUTCOME
- Negotiated price: $10,000 below the vendor's reserve price and included additional fittings valued at $3,000
- Secured: post auction, below budget and in the desired suburb
- Identified: no items of concern presented during due diligence period as the property was in excellent condition
- Settlement outcome: The property was sold vacant possession but a tenant was secured to move in at settlement due to the contract clauses we used.
- Client testimonial: Miriam came recommended from a real estate friend due to her professionalism and client focus when she had purchased several properties from him. From our initial discussions right through to the settlement, Miriam made us feel comfortable, provided well researched and statistical based data behind her decisions and listened attentively to our queries. We would never have been able to do all the ground work that Miriam did in association with purchasing property from our location or having the professional contacts to make it happen easily. Miriam was very flexible with our busy work schedules and the time differences between locations.
RETURNS
- Bought Jun 2014: $720,000
- Value Aug 2016: $900,000
- Capital Growth: 25% over two years
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