Brisbane Buyers Agent Case Study Richlands Home for a property I have just purchased off-market on behalf of a client looking for a new home to live in. The property I secured for my client is a 4 bedroom 2 bathroom double lockup garage near new property on 400m2 of land for a purchase price of $500,000.
Located less than 16 kilometres from the Brisbane CBD and close to the rail network, this was an excellent Brisbane investment property for under $500k. It is not available to the general public at this stage which means no competition from multiple offers we are seeing at open homes right now.
In the case of this deal, there were outside forces interfering with the agent’s attempt to list the property. The owner was being told by his property management agent that they could sell the property for him at offers over $520,000. In my expert opinion and seeing other properties in the area selling for high amounts on smaller blocks of land, they would have achieved this easily.
However my agent was told if he could sell the property fast without marketing fees and open homes, then he could sell the property for $500,000. The agent, who I have known for over 15 years, had made me aware of the property well ahead of time and I already had a client in mind. It was perfect for her, the right location, the right sized property and the right price. So I had been working on the property with the client well ahead of time and when the agent secured the listing, we were ready to go.
The agent organised for me to conduct a private inspection and I must say I was very pleasantly surprised at the size of the home and the rooms, the layout of the property and the condition of the home. The property even had views out to the mountains behind Brisbane from the backyard. I would have paid $520,000 for this property. During the inspection, I created a virtual tour so my client could at least inspect the property in the highest possible detail which is below. Feel free to have a look through the home and you will see what a good property it is.
As an example of how buying off the market through myself and my agents, the nearest comparison property I could find was located close by on a busy road. It is on 300m2 of land where this property is on 400m2. Our home is larger and newer. The comparison property is now under contract for a price of $520,000. That’s $20,000 more with a smaller house, inferior location and 100m2 of land less than the property I sourced.
I honestly believe that if this property was made available to the public and listed for sale on realestate.com, they would have received multiple offers well over $520,000. That is the current market conditions we are under here in Brisbane right now. I believe that I have saved the client at least $20,000 off the purchase price of the property but more than likely a savings of between $30,000 to $40,000 has been achieved.