|
VIP saves you $$$,Time and stress - 21 Case Studies & Reasons how!
AT AUCTIONS
- We exposed a dummy bidder at an auction in Caulfield, and the agent was fined.
- We bought a home in Darling Street, South Yarra below the pass in figure by letting the property be passed in at auction and negotiating afterwards. Saved the client $14,500.
- Exposed covenants and restrictions in Section 32’s on a property in Essendon and made other bidders aware of the negatives of the property we were competing for – research pays off!
- Secured a property in Elwood where the owner lived next door, and he was interstate. We saved our client $24,500!
- A buyer wished to remain anonymous due to the conflict of interest with the vendor on a property in Richmond, and we secured property on their behalf successfully and $18,000 below their limit.
- Often having two or more representatives from VIP on auction day has certainly benefited our clients in securing the property below market value. Especially on a property in Seddon, where the owner had two properties for sale, and one representative secured one, and another representative the other. If the owner had known the same buyer desperately wanted both properties, he would have asked more.
- We strongly advised a client to stop bidding at an auction in Northcote, and bought a better property on their behalf a week later $26,000 less.
AT PRIVATE SALES
- Our persistence in maintaining particular offers on properties has paid off, especially on a property in Camberwell, where we secured a property $35,000 less than what was offered at auction.
- Offers we have made on a multitude of properties with a condition that a response be made within strict time limits has secured properties at way below full price, putting pressure on vendors to make a decision.
- Our research has often uncovered that the vendors’ motivation to sell was very high, enabling us to negotiate a better deal for our client. We secured a property in Prahran, knowing they had bought in Queensland, and they became desperate to sell. We secured the property $28,000 below the reserve.
- Purchased property on behalf of a client in Hawthorn confidentially. Very useful in securing the neighbour's property, where there was tension. If the owners knew that our client wanted to buy, they wouldn’t have sold it to them.
- We have the knowhow on how to view offers, find out an agents' price estimate, and find out vendors’ expectation and motivation to sell. This information is crucial in the negotiating process. This occurred on a property in Malvern, where we saved the client $22,000 below what they were prepared to pay.
- We requested proof of other interest when claimed on a property in Glen Iris, and stuck to our original offer when it was not forthcoming. We secured the property at our price, otherwise buyer would have put a $12,000 higher offer for no reason. Agent was fined by VCAT.
FOR SALE BY OWNER/ DIRECT WITH OWNER
- We located a property that was not listed on the market with any agency, and secured property $45,000 below market value in Kew.
- Found a vendor that was desperate to sell and did not trust real estate agents. We introduced a buyer who secured the property in St.Kilda on their terms and both saved thousands in agents’ fees and marketing.
WITH REAL ESTATE AGENTS
- Our knowledge of the way agents and agencies operate is invaluable in negotiations. Previously working as Estate Agents and Auctioneers ourselves for over ten years helps!
- We have certain ways to deal with agents, that proves invaluable to obtain certain information, and get offers accepted.
- We called an agent’s bluff and secured a property prior to auction for $22,000 less than asking price in Brighton.
BY GIVING ADVICE
- Timely advice on investigating major building defects by a qualified building inspector exposed hidden costs to our client for a property they were looking at in South Yarra. Saving them over $45,000 in potential repairs
- Informed developer of undisclosed overlays and prevented our client from making a costly purchase in Glen Iris.
- Advised against purchasing a particular investment property due to the location and secured another property that is now worth $85,000 more after 18 months in Elsternwick.
|