Apartment Buyer Advocate - Melbourne
For the diligent and ambitious apartment buyer Real Estate Angel offers a complete purchase service solution. Our complete service as described below is available for most apartment purchases for a total fee of $3,850 (includes GST). The first consulation is FREE please call Jason Wier on 0414 288 038 to discuss your requirements.
Purchaser Analysis
Property Search and Assessment
Negotiation and Purchase
Settlement and Ownership
We will develop your specific apartment purchase plan, which we follow in order to secure you the most suitable apartment at the best price, based on your current needs and your future goals.
Initial Consultation - Purchaser Analysis
Through a system of two way questions (and answers) we aim to identify the exact budget the client should be working within.
The same consultation will also identify an accurate and completed set of personal criteria such as accommodation size, bedrooms, construction styles and general location.
What are your motives for the purchase?
Do you want to owner occupy or rent out the apartment?
Or do you want to buy, renovate and sell for a quick profit?
Do you plan a short, medium or long term ownership?
Are you capable of small maintenance tasks or do you require a completely maintenance free apartment?
This consultation will also identify critical qualities and characteristics that must be found in the apartment selected.
Budget Identification
What deposit do you currently have and what government benefits might you be entitled to?
What is your current monthly savings capacity?
What time frames of settlement do you require?
What are your expected spending requirements in the future?
Have you organised your finance thoroughly and arranged for a pre-approved loan?
What is a feasible and fair spending limit required to obtain the best suited apartment?
How much wealthier do you want to be from the purchase of an apartment and in what time frame do you want to achieve these goals?
Accommodation Identification
There are key physical characteristics which must be found in an apartment for it to be able to meet future price value targets and your personal criteria: The ceiling height; off street car parking; actual room sizes and overall floor area all contribute to the sum of the apartment's current and future appeal.
Some apartments will prove to be a completely unsuitable purchase decision if they are missing certain physical qualities.
We will make sure to identify the critical "Must Have" qualities for "Your" successful apartment purchase.
Location Identification
What is the true purpose of your purchase?
What lifestyle requirements do you enjoy or perceive your future tenants to require?
What are your work habits or the desired work habits of your potential tenants?
What areas provide the best capital growth potential for your budget and accommodation requirements?
Do you want to speculate on a high return in a relatively short time frame or do you want to achieve a steady rate of increased value over the long term?
Property Search and Assessment
Database Contacts, Internet and Private Sellers
We will search all our active sources of quality apartments for sale.
Investigate the current market supply levels and quality of apartments for sale.
Identify potential apartment purchase opportunities and arrange appointments.
Inspection and Review
We will inspect with or without the client’s presence and review the apartment’s physical qualities.
Including private appointments, open houses and attending auctions of comparable properties to see first hand the actual market demand in the immediate location.
We will cut through the marketing propaganda and develop an unbiased view on the merits of each apartment we inspect.
Analysis and Report – Property Data
We have access to a complete collection of sales records and can determine the exact sales results for apartments within the same block, street or suburb.
In most cases we can identify the previous sale price of any specific apartment.
If the apartment is to become an investment property we will also help identify the genuine market rental that should be achieved.
You will receive a short list of suitable apartments and a report recommending those for further investigation and discussion.
Consult and Select – Further Inspection
The short listed properties will be further scrutinized by a second inspection which you may or may not choose to attend.
Further information will be gathered for the purposes of building a negotiation strategy.
We have access to professional building and pest inspection services and can arrange for as many professional inspections as required throughout the process without any additional cost to you.
If the first short listed apartment does not pass building or pest inspection standards, we repeat the process at no extra charge.
Please note: The Real Estate Angel "Apartment Buyer Advocate" service fee is a flat and fixed figure as quoted at the time of appointing us as your representative.
Negotiation and Purchase
We will analyse all relevant paper work and documentation.
We will identify the current fair market value of the apartment selected as the best suited purchase target.
Seek as much general market information to provide leverage for negotiating in your favour.
Seek as much relevant information about the seller’s motivation to provide leverage for negotiating in your favour.
Use the advantages at hand of your own position to provide leverage for negotiating in your favour.
Outline a proposal (formal offer) that enables us and you the best opportunity to purchase the apartment at or below market value.
This may include, in the case of an Auction sale, our personal attendance and strategic bidding services.
Settlement and Ownership
Conveyancing
While we prefer that you already have an established Solicitor relationship we can help you select and appoint an appropriate conveyancing service or solicitor to manage the settlement of your apartment and transfer of title.
We will maintain a point of contact and communication for your conveyancing service, in order to ensure that all appropriate paper work is submitted from the contract of sale.
Finance
We will ensure that your mortgage representative obtains all relevant documentation relating to the apartment sale contract, and if needed we can refer you additional lenders for comparison.
If the apartment is to become a rental property, the lender will also require a "Market Rental Appraisal" which we ensure is provided along with any information the lender requests relating to the Apartment to be financed.
Renovation Advice and Planning
Your purchase criteria may include a view to renovating for the purposes of either selling for a profit or renting at an increased yield. Or you may simply want to renovate the apartment to suit your own desires as a long term owner occupier.
Depending on the end purpose of your renovation, it will require expert advice and specific planning, which we provide in order to complete a renovation that suits the desired purpose.
Pre Settlement Inspection
We will inspect the apartment prior to settlement to ensure that the condition has been maintained to the same standard as at the time that the contract to purchase was signed.
We will request a working demonstration of all keys and any remote control access gates.
Settlement and Collection of Keys
When the time for settlement comes we will arrange for your keys to be picked up, tested for operation at the property (making sure the correct keys have been handed over), and delivered to your door.
Property Management
When the purchase has been made for the purposes of becoming a rental property, we will assist you to determine the most suitable rental managing agent.
Depending on your personal requirements we may find the actual tenant for you then help you to set up your own rental management system.
Would you like us to find your Apartment?
We can get you on the quicker path to a successful and profitable apartment purchase.
Please call Jason Wier, the owner of Real Estate Angel on 0414 288 038 for a friendly chat about your apartment buying plans.
