Getting the timing (and budget) right
Making a successful purchase in rising markets requires patience, careful timing and the ability to make decisions that aren’t based on emotions, but are grounded in research and data.
After spending time looking at properties within each region, we presented Mike and Ness with a number of suitable homes to consider.
We provided extensive research into each property and the surrounding local area, helping the couple feel comfortable as they made this important financial decision for their family.
The breakthrough came with an opportunity to purchase a tenanted property in Lake Haven on the Central Coast that we believed met the couple’s expectations for long term growth and provided excellent cash flow.
We knew that securing the property in a hot market required Mike and Ness to act quickly. We recommended they make an offer before the scheduled open house, which would reduce competition, and give them a strong chance of securing the property below their budget and under current market value.
With finance approved and markets around the country growing by thousands of dollars a week, Mike and Ness took our recommendations on board and gave us the go-ahead to make an offer that day.
After a short period of negotiation, the couple’s offer was accepted by the vendor, the holding deposit was paid, and the family’s financial dreams were secured.
“We put ourselves in Aus Property Professional’s hands and trusted their advice”, says Mike.
“Thanks to their in-depth knowledge and negotiating skills, they were able to help us secure a great deal below our budget and above our expectations.”
Looking towards the future
Mike and Ness have now settled, and the property’s long-term tenants (a friendly local family) were excited to sign on for another 12 months, with plans to remain in the home for many years to come.
At the same time, the local market has continued to rise, and Mike and Ness have already seen equity growth in just a few short months.
The couple are excited about what the future may bring, and are already starting to think about their next purchase.
”Without Aus Property Professionals in our corner, we would never have found our dream property. We can’t wait to get their help finding the next one!”, says Mike.
*Names changed for privacy
