RER Elite Mentoring Graduate
Through a takeover deal this DGI graduate was able to help this family out by taking the stress out from their mortgagee situation through a takeover deal of which took six months (start to sale). By sitting down with the family and negotiating terms a WIN/WIN outcome was achieved with the home owner walking away with $100,000 as well.
These cost include the purchase price, stamp duty, holdings, renovations and the relevant adjustments including the selling costs.
|Mortgage to bank (capitalising arrears):||$250,000|
|Payment to owner/terms of deal||$100,000|
Before and after photos from the renovations
Living room before
Living room after
Top 3 Learnings From This Deal:
- Acting quickly and decisively
- Being proactive
- Listen to the home owner objective