Trixie and Mark
Trixie and Mark were looking for assistance in purchasing a home in Doncaster, which they could rent out for a few years before they moved in.
Referred by their accountant, Property Mavens were engaged to assess and negotiate a property purchase on their behalf to ensure their best interests were protected and to bid at auction to secure the property for them.
BRIEF
Owner Occupier/Investor - the client had already selected the property to purchase.
Their strategy was to purchase a a property to rent out, generating them an income until they are ready to move into the area.
OUTCOME
Purchased: bought at auction, $60,000 under Vendors reserve,
Identified: no major concerns noted during due diligence period
Settlement outcome: Settled
Negotiated: Special conditions prior to auction to ensure the purchasers best interests were protected. Also negotiated that the vendor would lease back the property at the top of the market rental value.
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