In November 2023, Joe and his girlfriend decide they want to purchase the home together, so we ran a new strategy session due to a change in personal circumstances and the broker had to run through new numbers for this purchase.
Now, armed with a new budget of up to $2.7m, Craig started the search again but this time it was to find the perfect home. After nothing “ticked all the boxes”, Joe and his partner were able to extend their budget up to $2.9m to open up some more options for their requirements.
When the new year started, Joe’s partner went on an overseas holiday, which made inspections and signing any purchase contract quite difficult.
One of the challenges with this brief was that Joe and his girlfriend wanted different things in a home. They had conflicting ideas on what they really wanted and so there was a bit of back and forth, however Craig was able to help them focus and concentrate on only the necessities and help them compromise so they can secure the right property for their circumstances.
Craig inspected and shortlisted properties in QLD for Joe to view, whilst his girlfriend was overseas but when it came into February, Joe decided he wanted to put the search “on hold” with no further explanation.
But Craig was on the chase. He knew he could find the right home for them and so was in constant follow up with Joe.
Finally, after 3 weeks trying to get in touch with Joe, we got a new update that his personal situation had changed and he will only be purchasing the home in his name.
Back to the drawing board, and another strategy session for Joe.
The new strategy included Joe selling his original investment property (not the property we helped him purchase from the prior year but his current residence), and the mortgage broker went through the new numbers for Joe’s revised budget of $1.8million.
Joe preferred to live away from the city, and in peace and quiet.
With this new brief in hand, it only took Craig 4 weeks to come across 14/599 Payne Road, The Gap which was going to Auction in a week’s time. We arranged for an inspection right away, and the expected price guide was high $1million’s. The vendor really wanted to sell for as close to $2million as possible.
The property was popular, there were at least 4 interested parties but Joe was really interested in this property so Craig wanted to secure this prior to Auction before the other parties could get a chance.
Craig put in a really strong offer of $1.7million cash, and under the same conditions as an auction and strongly affirming that if they don’t accept than we will move on, and won’t be attending the auction. The vendor countered the offer to $1.8million (the top of Joe’s budget) so we countered back at $1.75million with our ultimatum that we were prepared to walk away. This got them over the line.
The contracts were reviewed immediately on an expedited level (due to our relationship with conveyancers we could push this to be prioritised), and Joe was able to pay the deposit by Wednesday morning, cancelling the auction getting ahead of the other interested parties.
To our surprise (luck and good fortune), we secured the property right before the property was a featured property in News.com.au real estate, as this article would have driven more interest in the property.
https://www.news.com.au/finance/real-estate/buying/private-brisbane-tranquil-oasis-hits-the-market/news-story/cb3e5e101720f662eec326c9c0a71b66
