Ryan
Ryan is a property investor. After seeking property for a while, he finally believed in letting professionals do professional work to save him time, money, and stress, so he engaged Property Mavens to help.
BRIEF
Investor -Secure a high-performing and well-located investment property pursuing capital gain purpose around La Trobe University and RMIT University.
OUTCOME
Purchased: under market value
Secured: Secured at open auction and negotiated for an extended settlement
Identified: Great location and great condition.
Settlement outcome: yet to settle
TESTIMONIAL
10/10 So excited that I bought my dream property! Can’t wait to share my story. I started my search for an investment property in February. After attending a few house inspections and auctions, I was really anxious because I could feel the market was about to rebound, but I knew nothing about how to find a good investment property and what’s the reasonable value for that. Vendor’s agents always claimed their properties are good investments. Advertised prices were misleading. The property priced within my budget was sold 20% higher in the auction. That made me frustrated.
Hence, I considered seeking assistance from professionals. A post on social media analyzing Melbourne suburbs led me to my Maven and her team. I believe my Maven is the professional I’m looking for. She has qualifications in property and construction, as well as years of hands-on experience in property investment. Her doctorate degree in IT also indicates her capability in analyzing and calculating.
The collaboration with my Maven proved my choice was correct. She is an unbelievable expert in real estate. She patiently listened to my needs and then helped me make an investment plan using a mathematical model. She also shared with me her insights into the potential high-performing suburbs based on a bunch of reports. She has a keen eye for the value of properties. The accuracy of her valuation was amazing! Most of the final prices fell into her valuation ranges. She even knows the characteristics of each agent! Some tend to underquote, some tend to be frank, some are not good at pushing the price higher, etc. All this information helped me secure my dream property at a reasonable price.
My Maven is a trustworthy friend, or, in her words, a kind elder sister. She always keeps my best interests at heart. I was worrying buyer’s advocates could make quick money by just pushing some ordinary properties to me and urging me to accept. But my Maven was committed to finding the best property for me. We used to find an off-market opportunity and almost proceeded to buy it. But my Maven inspected it again and told me it required too much renovation and hence not a good investment. So we abandoned it. Before buying my property, my Maven negotiated with the vendor and managed to extend the settlement period to 90 days, so that I have more time to prepare finance, and saved thousands of dollars of interest!
My Maven is also a mentor that aims to educate her customers. Every week, she updated me in a report with shortlisted properties with reasons stating why they were considered good investments. I then put in my comments, and we later discussed them. It’s my weekly “homework”. We sometimes inspected together. She told me why she thought the property was good/bad and guided me how to evaluate it. After four weeks of collaboration with her, I feel I’m clearer on how to find a good investment and how to evaluate a property.
I feel so lucky to have my Maven be my expert, friend and mentor on my property investment journey. The property inspected on my birthday is the best birthday gift I’ve ever had! Thank you to my Maven and your team! I really recommend my Maven to everyone. Buy the right property and it will pay off for you!
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