Vip Consulting - Buyer’s and Vendor’s Advocates

 

E-Newsletter  Issue  -  9

 

“Taking the guesswork and legwork out of buying and selling property!”

 

 

          Welcome to our  VIP Newsletter Spring Edition 2008 Update 1 

 

Hi Everyone,

With the Global Credit Crunch affecting most of the world's economies...... NOW is the time to get into property if you haven't already done so. With stock-market investors taking massive losses over the last couple of weeks, other more secure investments are being sought. We have seen this with previous stock-market 'crashes' where money is pumped back into the more stable property market. A further reduction in interest rates and investors swapping from the stock-market to real estate will see the continuing upward movement of prices of homes. 

In the last few months we have seen a real shortage of good quality properties coming onto the market, with many agents reporting stock levels are 50% down on last year. So what does this mean for buyers currently looking? Even though it may be considered a 'buyers market', finding the right property that is well located to all amenities, shops & good schools are few and far between. This is where the professional services of an expert buyers' advocate who has extensive coverage of all  suburbs, and has access to all properties for sale (including properties that are yet listed or are listed on the 'quiet'), will give their clients first & and exclusive right to the right property and will be able to negotiate the best terms, conditions & ultimately for the best possible price.

Market Update

CONDITIONS POINT TO A STABLE MARKET

Courtesy of PRW-Residential

Friday September 26, 2008 edition

By Enzo Raimondo CEO, REIV

After 12 increases in official interest rates in a row, dating from May 2002, mortgage holders and prospective purchasers have welcomed the decision of the Reserve Bank earlier this month, to cut the official interest rate by 0.25 percent.The cut appears to have had an immediate and positive impact on the local property market, with the clearance rate increasing by 5%. As we head into spring, the rate cut is likely to provide a mild stimulus to the property market, which has remained relatively stable throughout the year. The cut in interest rates, a strong local economy and sustained population growth have combined to provide market conditions in which buyers and sellers can be confident.The release of the June quarter national accounts revealed that Victoria's economy contributed to nearly half the total economic growth of the nation. It is these solid economic conditions have helped to drive Victoria's population growth, which continues at about 1500 people a week.Whilst there seemed to be an immediate reaction to the rate cut last, the full impact of the rate drop will take about a month to be absorbed by the local market. This time-frame provides vendors and buyers with the opportunity to make a considered decision on whether they should enter the market, raise finances or upgrade from their current home.Each year the spring selling season sees the number of homes offered for auction increase by about 30-40% compared to winter and autumn. Analysis by the REIV to develop forward projections on market activity suggests that this year promises to be no different.

 

 

Some Recent VIP Success Stories…   

 

Congratulations to Doug & Rebecca and little Alex who are now the proud owners of 14 Geddes St, Ascot Vale. We secured this 3 bedroom home the day before auction through our expert negotiation skills beating another Buyer's Advocate to secure it . After almost 7 weeks of intense searching & researching, Doug and Rebecca fell in love with Geddes St as soon as they saw it. Our Platinum Buyer's Advocacy Service saved Doug & Rebecca many hours of searching, and ultimately secured their dream home well within their budget.  

 

 

 

 

We were very proud in achieving an unbelievable result for Kiersten!!!This two bedroom villa unit was listed for sale though a local agent using our Exclusive Vendor Advocacy Service. The price achieved was almost $20,000  more than the agents and Kiersten were expecting. Congratulations to Kiersten.

 

 

 

 

 

 

What a great buy this was for our overseas purchasers Thamara and Aruna from Dubai. This home is located in the highly sought after Mount Waverley Secondary School Zone on  652 m2 of prime real estate. The accommodation here comprises of 4 bedrooms, lounge, dining room leading to small TV/family room, with separate office/study area & tandem garage for 2 cars. The selling agents were quoting $600,000 to $650,000 and with our unique bidding strategies & negotiating skills we secured it for the fantastic price of $560,000 at auction. We independently assessed the property at $600,000 - $630,000, and finally secured the property at auction $65,000 below Aruna's & Thamara's limit. A great result after only 2 weeks of searching & researching. 

 

 

 

 

 

 

 

A great purchase in Maribyrnong by the Crevatin Family. Initially this property was on the market for $730,000. Over a 6 week period whilst searching for other properties we kept negotiating on this magnificent property in Bloomfield Ave. Persistence, patience and  through our professional negotiation, we successfully secured this 4 bedrom home for $665,000, saving our client $65,000 below the reserve.

Well done!!

 

 

 

 

   Felix, Yuli & their lovely daughter Nadia are now the proud owners of a fantastic 2 bedroom Villa with a huge courtyard and 2 car garage, secured for $393,000 at auction. Valued in the $420,000 - $430,000 range, we saved them over $30,000 below market value, and here is what he has to say about our service:    

"Being a first home buyer with no previous experience in property, we didn't really know what we were doing. We were not sure what to look for in a property, and we knew we need somebody experienced to help us through the process.

 

David's experience in the real estate industry, along with his willingness to educate his clients gave use a better understanding on what to look for in a property.

 

We found working with David to be a real pleasure. We have found David to be both approachable and professional. His understanding of what we would like in a property, as well as his willingness to take us step by step in the property buying process made us comfortable.

 

David's performance at the auction is really commendable: we really feel glad we David with us on the auction day. David managed the auction process cleverly, resulting in him securing the property we were after at the lower end of the market price range and within our budget. To top it off, the property is located within a good pocket between Glen Huntly and Carnegie.  

I would definitely speak to David again for our next property purchase. If you are looking to buy a property, I really recommend you to speak to David and engage his help!"

 

 

VIP Wrap Up

 

If you are thinking of buying or selling real estate, and need independent & impartial advice that you can trust to make one of the most important decisions in your life, don't hesitate to call us, or feel free to pass on our details to anyone who does.....Enjoy the magnificent Spring season, and happy buying and selling.

Best wishes from the VIP Team

 

David & John Melatti

Property Advocates & Directors

 

VICTORIAN INDEPENDENT PROPERTY CONSULTING P/L 

 

Ph: 1300 736 638  David Mb: 0414 708 091 or John Mb: 0416 053 555

Visit www.vip-consulting.com.au or email us at email@vip-consulting.com.au

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