What could you do with $133,505?

Real Estate. It’s a funny business.
You have at your disposal experts you can call on to help you on the journey and save you money. We’re talking big money, not small change you can find down the back of your couch.
Yet it is probably still one of the few industries where people feel they can have a crack at it themselves (or call on Uncle Bob) and do a better job.
If your toilet backs up, are you calling a plumber or slapping on the rubber gloves to dive in there yourself?
So I ask you again, what could you do with $133,505? Because that is what I would have saved the first home buyer that purchased a home at auction a couple of Saturdays ago.
Let me explain.
I was working with a client looking to buy a home. Armed with my client’s criteria, I rang a local agent that I know very well, who specialises in that particular suburb. I’ve known him for years and bought properties off him for other clients. So he knows that I’m serious when I ring and ask him “what have you got?”.
Turns out, he had just listed a home that could suit. It was off market, so no photos and floorplans available yet. The home was going to be auctioned down the track, but the vendors were happy to sell it prior privately. The agent said the vendors would be happy to take $750,000 for it. Great. So, for this home, I could buy it for a client for $750,000, without any competition, and everyone would be happy.
In this particular case, my client decided the home didn’t suit. So we passed and moved on.
Some weeks later, this home appears online and goes to auction. Six bidders tussle it out on auction day. At $750,000 the home is declared on the market. The final bid increments go up in $100 lots. It eventually sells under the hammer to a first home buyer for … $889,500.
That is $139,500 above what I could have bought this home for, for my client. A first home buyer bought it. I charge my first home buyer clients $5,995.
Therefore we arrive at $133,505 – that’s the saving I could have made for this purchaser. My industry relationships save my clients money. It’s simply a fact.
So are you snapping on your own gloves or is it worth exploring how I just might be able to save you or your clients a little bit of money too?

Give me a call on 03 9686 2288 to discuss how I can help. I offer a free consultation, so why not call today?

Wendy Chamberlain from Chamberlain Property Advocates

By Wendy Chamberlain
Copyright 2019 | All Rights Reserved

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With a passion for all things real estate spanning over 20 years, Wendy loves that her role as a Buyers Agent and Sellers Advocate gives her buying and selling clients an experienced voice they can trust when it comes to negotiating to buy or sell something as important as their home or investment. Wendy considers it a privilege to be asked to help others realise such an important goal as home ownership and to be trusted with that honour. Get in touch today via www.wendychamberlain.com.au for a no obligation chat about how Wendy can work with you and help you save time and money to secure your new home sooner.