Vendor Asking Price: $620k
HS Purchase Price: $600k
Our clients were investors living in the Blue Mountains who were referred to us by their mortgage broker. They were time poor and due to their location, it was a challenge to attend all the open for inspections and the ones they had attended sold so quickly they missed out. We were excited to find our investor clients three properties to view in just one week of searching, two on market and one off market. They decided to proceed with the off market property. Due to our great relationship with the agent and another off market purchase in the same building, we knew there were two apartments left that would hit the market when the tenant vacated. We also knew that the developer who had built the block was selling all the apartments so he could purchase another development site. This gave us leverage and we saved the client $20,000 in the process and he added a fantastic property to his portfolio with a 4.5% return.
[icon color=”Accent-Color” animation_speed=”Slow” size=”tiny” icon_size=”” animation_delay=”” image=”fa-check”]1 Bedย [icon color=”Accent-Color” animation_speed=”Slow” size=”tiny” icon_size=”” animation_delay=”” image=”fa-check”]1 Bathย [icon color=”Accent-Color” animation_speed=”Slow” size=”tiny” icon_size=”” animation_delay=”” image=”fa-check”]1 Car