Moving quickly and confidently to get the deal done - that's how we handled this particular deal in beautiful Rotorua.
Our client was based in Tauranga and was looking for a yield over 6% without needing to do much work on the property.
This deal was a private listing with a seller that had worked previously with iFindProperty. I called the seller the moment the property came online and was the first to arrange a viewing. There was an asking price of $349,000, which we quickly offered and he accepted.
It had been under-rented and the rent was being raised for the tenant, who had been there for 7 years. The tenant had looked after the property and wanted to stay on. I am unsure if she did stay in the end, but rent could easily have been raised to achieve the 6% gross yield that the client was looking for. The vendor was happy to sell with us because the deal was quick and we were offering at a price they were happy with without mucking around.
Being ready to move. Clients who work with me on our buyers agency service in Rotorua are shown deals like
this literally as I am analyzing them. It works well, we communicate a lot, often evaluating many opportunities before the right one comes
along. Having my finger on the pulse in our local markets means that when a good deal comes up, our buyer is comfortable that it is the
right move for them (so we can move fast to snatch it up).
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