Our Principal, Ray Becher contributed a full page article on the benefits of engaging a buyer’s advocate in the September 4, 2019 issue of ‘Property Weekly’
Client C, engaged Reimund Property Advisory to source and secure her first investment property. Being a bayside resident, her preference was to not only secure an asset with sound yield and strong capital growth in the bayside area, but also might be a property that she might take residence in, in years to come.
Reimund property advisory worked closely with the client to finalise the brief and within 6 weeks was able to present a before market opportunity for a 2 bedroom apartment in St Kilda that was beyond the client’s expectations.
The property was located in a boutique block of 9, with the apartment at the top front of the building. It had been renovated 3 years ago and the block offered 15% growth based on recent sales. The property already had committed tenants and offered a 4.25% yield on her investment, in the current climate.
Reimund property Advisory inspected the property on the Friday, took Client C through the following Monday morning, and negotiated the terms to purchase within the next 24 hours, Predicting we saved our client $20,000 and purchasing them a great investment that would be positively geared from settlement.
No marketing, no public opens and no stress. Just another very happy client!
Read our article on Realestate.com.au on buying before auction.
5 tips for buying before auction – Click here for full article
On Tuesday morning last week Reimund Property Advisory was contacted by a potential client with regards to representing them at Auction the following weekend. This client was a young professional female interested in buying a 3 bedroom Edwardian home in Caulfield, the property was advertised at $980+ and currently being marketed through the traditional Real Estate channels.
On meeting with the client and her partner that evening at their house, she painted a very clear understanding of her ongoing frustration with a shifting market, having to deal with real estate agents and the time and stress involved with reviewing and assessing potentially suitable properties.
She engaged that evening, and within 24 hours Reimund Property Advisory had organised building inspections, had documents reviewed and proposed a strategy to the client to lock the property down prior to auction and at 8.30pm the Thursday after the initial no obligation consolation (not 72 hours later!), the client owned the property for $25,0000 less than the agreed budget that they had proposed for the auction.
Buying property is not always about how much money you have, but knowing the market, the agents and the psychology of buying and selling, and as a Buyers Advocate, Reimund Property Advisory is engaged exclusively by their clients, to serve their clients.