Anne Marie & Stuart Rayner – Mount Pritchard, NSW
Real Estate Rescue Graduate
Anne Marie and Stuart were able to secure this ex Department of Housing property through leveraging their negotiation skills. This was an older property that required quite a bit of renovation. The property went to auction, and after going head to head with another potential buyer, Anne Marie and Stuart secured the deal through post-auction negotiations with the Department of Housing.
These costs include the purchase price, stamp duty, holdings, renovations, and relevant adjustments, including the selling costs.
|Holding Costs||$3,720 + $222 per day (interest costs)|
|Expected Sale Price||$675,000 to $699,950|
|Projected Profit||$72,057 gross on $675,000|
Before & After Renovations
Before Living Area
Living Space After
- Sometimes it might be easier to replace than repair (i.e. new gyprock instead of repairing old)
- Check items immediately when you purchase them – even if it’s ahead of time – to save the hassle of exchanging them, if broken or damaged
- When buying an older house and it has clay pipes, get a CCTV inspection done before purchase so that you can negotiate if needed