Case Studies

Each member of the Property Searchers team gains enormous personal satisfaction by achieving great results for our clients.  Here are some recent case studies of Property Searchers clients.

1. Home buyer - Family moving to Brisbane with budget up to $800,000.

Having interviewed this family to qualify a client brief, Property Searchers commenced looking for a family home close to good schools, transport and the city. Property Searchers came up with four options across a four week period, the last being a property originally listed at $900,000 which had been inspected by us some ten weeks previously. Our valuation confirmed the property’s value at $820,000.  After some tough negotiation over 7 days our client bought the property for $780,000 and they were ecstatic, the home presented more than they wanted for less money, making them …. Feel right at home!!

The moral: Insider knowledge and market coverage the key!

2. First home buyer - Young couple looking for first home with maximum budget of $550,000.

These first home buyers were looking for a newer style home or townhouse in good condition in Paddington, Ashgrove or Bardon, but were also happy to defer to our market advice as well.  Adopting a lateral thinking approach Property Searchers located a post war home in excellent condition, built by its current owners in 1947, on a 607sqm lot.   The property was already under offer, but no contract had been signed.  We recommended a signed cash contract with a $10,000 reduction against our actual valuation of the home, and got it.  Our clients could not believe they had been able to purchase a house in Bardon for $20,000 under their budget. They told us, "we would never have looked at something like it, but we love it and that's why we hired a professional!."

The moral: Don't judge a house by its facade!

3. Investor - Brisbane based international pilot with maximum budget of $720,000.

The brief from this investor was to look for a capital growth property located in close proximity to the city.  Property Searchers were approached by a local real estate agent with a property that had been on the market for a period of eight weeks listed at $875,000 which was valued by the Property Searchers team at $800,000.  Given the property was over- priced, it had sat on the market until the vendor was willing to consider most offers. Property Searchers made the vendor a first and final offer of $700,000 and after four days of nervous waiting the vendor accepted.  Our client could not believe it!!

The moral: List price is no indication of value, in this case a near 20% reduction from the list price!

4. Investor - Brisbane based investor with budget of $480,000.

The client gave Property Searchers the brief to find an ‘A’ class asset in a key location within 6km of the city within his limited budget of $480,000. Capital growth was paramount so we looked in key suburbs for existing house and land that may have required minor cosmetic work. Property Searchers found a property that had been on the market for over twelve weeks and originally listed for $575,000 which was valued by the Property Searchers team at $540,000. As usual we had monitored this property for some time, Property Searchers made the vendor a first and final offer of $480,000 and had it accepted within twenty four hours. Our client was extremely happy.
 
The moral: Again list price is no indication of value, in this case 6% came off the asking price, just on valuation!

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