Elaine: First-time Investor
When Elaine decided to buy her first investment property, time was the scarcest asset she had.
“My job is really time-demanding and I also wanted to make the best use of my money. So, I would rather trust a professional to do the research and make sure I’m getting the best property investment opportunities.”
“I was speaking to quite a few buyers agents at the time, and there was actually a lot of criteria that went into making my decision.”
“I wanted to buy in Southeast Queensland because I wanted a property that I was able to keep an eye on and could easily get to if there were any issues. So we needed someone with that Southeast Queensland expertise as well as network.”
“The other part was the research model. I wanted to buy in a growth area but with a limited budget. So, I needed to know what sort of data analysis they are looking at and whether that was convincing enough for me.”
Property Navigation ticked all those boxes for Elaine during her decision-making process. Once Elaine made her decision, she was able to then focus on her career while Property Navigation handled everything else.
“Boyd told me exactly how long sourcing could take and what was being done behind the scenes before I was shown anything. So there were no surprises.”
Property Navigation was engaged as Elaine’s buyer’s agent, with the team officially beginning sourcing operations for her on 4 September.
Elaine received a number of properties to review which included on and off-market properties. A contract of sale was then signed on 11 October, meaning Elaine’s purchase was achieved in a little over one month — in a highly contested suburb within Southeast Queensland.
Property Navigation’s processes and connections meant the team were able to complete all due diligence, then move with speed and confidence to close this deal down prior to a number of other interested parties — who had only started to enquire by the time the deal was already done. Because of this speed, negotiations landed Elaine a purchase price almost $10K under the vendor’s asking price.
Looking ahead, Elaine’s goal is to turn her first asset into a springboard for a future portfolio — which is a strong position to build from, given the quality of the foundational property she purchased.
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"A Buyer's Agent is a lifesaver! I honestly don't know what I would have done without one! I didn't know the first thing about buying a house, but Boyd was really approachable.”
- Bella Agius
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