Megan and Karl: Interstate investors
Karl and Megan's journey to purchasing an investment property was initially fraught with challenges. They had first tried to handle the process of buying interstate themselves but found it straight-up frustrating. As Karl said "We tried to do it ourselves and it was just painful. It was something we tried a couple years ago, and you know, we just didn’t want to do this again. It was just really frustrating…. We got no feedback, no nothing.” Ultimately, Karl and Megan gave up on buying their interstate investment property at that time.
Their past difficulties made them cautious about re-entering the market without help, and they lent heavily on their Mortgage Broker’s advice. Karl explained “Megan had a conversation with our broker Summer, and explained what we went through last time. We tried it before, and it actually made us really gun shy on doing it again. We obviously went to Summer to get finance, and she gave Megan a brief explanation and said these blokes do whatever you need them to do and make life easier."
Second time round, the decision to hire a buyer's agent made a significant difference in their property search. Karl appreciated the clarity and enthusiasm Property Navigation brought to the process "It takes that stress away. We’re the type of people that are flat out in our daily lives. And we had the guys at Property Navigation that basically come back to us with feedback on everything, they did everything."
In Karl’s own words:
“The thing that sold us I suppose was that time we spoke to Boyd and then to Luke, and just the way they went through to explain everything. Why they’re looking at places, what they’re looking for. It just made it simple and easy to understand what they were doing for us, and why. And their enthusiasm was something we made comment on…. every time we spoke to one of them their enthusiasm was fantastic. And that’s what I explain to people who comment and say oh shit you got into this pretty quick - and I say well look we have been speaking to these guys for months and they’ve gone through the process. We fully trusted they are looking after us the whole time."
"And to top it off, Boyd was so excited about this place at Ipswich that we ended up buying. Megan and I thought, shit, well if he is excited it has got to be a good thing. The way he was sending messages and communicating, we thought if he is this excited it has to be pretty good. It was just a no brainer, it sold us as well, that if he thinks it’s a good deal, this is what he does all day everyday so let’s just do it. We put all our trust in that and off we went.”
And there was good reason for them to be excited about purchasing their property.
The team at Property Navigation had been watching this particular property over the course of a 6-week period. Principal Buyer’s Agent Boyd said, “I originally had this one circled with a $540,000 property value, but the selling agent had it listed for offers over $559,000 and we just didn’t see value at that price.” After having numerous conversations with the selling agent, the property was placed under contract for $583,000 to another buyer, however, this contract crashed due to finance. Six weeks after the property was first listed, Boyd re-joined negotiations and secured the property for $543,000. Through careful property tracking and intimately knowing this particular market, a great deal was identified and locked down. This property is in a growth market, with instant growth upside and future cashflow uplift potential through the addition of Granny Flat.
Karl and Megan’s journey was initially marred by uncertainty and stress, which led them to throwing in the towel their first time at trying to purchase an investment property. By engaging Property Navigation, this journey was turned into a testimonial of how expert guidance can simply things and help to successfully navigate the real estate market.
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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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