You ever wondered how a Buyers Advocate could help you – strategically and financially?
Last week we bought at auction a warehouse apartment on behalf of a client.
Our due diligence revealed a $950,000 roofing and guttering issue NOT in the Section 32 and one other major red flag.
❌ 1st Red Flag: Our inspection and research revealed a $500,000 restoration to the exterior heritage facia – red flag removed as the Body Corporate confirmed the sinking fund had it covered.
❌ 2nd Red Flag: On the eve of the auction a $950,000 quote for roofing and guttering was revealed – a big red flag HOWEVER we negotiated with the vendor to absorb the costs of $20,000 and removed the red flag!
Because of the above two potential red flags, many people may have been put off by bidding – who wouldn’t be!
But with our research, pre-auction contractual negotiations and due-diligence, our client bought the property well under their budget and with the full confidence they were making a sound well-informed decision.
Thrilled buyer – and ela property advocates delighted to be involved!
Guy, we are writing to sincerely thank you for your assistance in purchasing our home over the past 6 months. You have been consistently positive, calm and competent in a crazy market. You gave us information as we needed it, helped us clarify the kind of place we wanted and made us realise when we were on the wrong track. You fought hard for our interests and ended up winning us a place in an off market sale that took considerable negotiation skills. We would definitely engage you when we are buying a property again and wouldn’t hesitate recommending you to our friends. Thank You
“Guy was a great help to us acquiring a commercial investment property. We were relatively inexperienced and Guy ‘held our hand’ along the journey during which he taught us what properties were appropriate for our long term investment.
He understood our requirements, price range, anxieties and importantly was an excellent communicator and true professional. We saw many properties over a period of around 12 months which helped us finally focus on the property we eventually acquired.
Guy was tremendous in his use of ‘due diligence’ and how to best manage the complex system of agents acting on behalf of vendors. He has a great network of various professionals he utilised in assessing properties on our behalf. Once we acquired the property he was able to help us with interviewing managing agents and negotiating an improved outcome on our behalf.
On a separate issue Guy was very helpful to us in selling a domestic property in a relatively painless way that achieved a very good outcome. He used the professionalism outlined above to manage this during a time Melbourne house prices were falling. We would not hesitate in recommending him to any property investor.”
Another great Vendor Advocacy result for our clients at 6 Somers Street Bentleigh. ela Property Advisory and Jellis Craig Bentleigh just completed this sale achieving $250,000 above the range estimate. In only 10 days the property was prepared for the market and open for inspection – and sold within 2 weeks! Trent Collie and his team at Jellis Craig did a terrific job for our clients – congratulations Trent! Thrilled for our clients and another example of the difference we can make as vendor advocates