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Graeme Freer
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@freerenterprise
Join Date: 2008
Post Count: 47
August 19, 2010 - 10:17 am
Money talks. Include a cheque with your written offer or signed contract
Graeme Freer | Freer Property and Finance
http://www.freerpropertyandfinance.com
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Buyers Agent
Graeme Freer
Participant
@freerenterprise
Join Date: 2008
Post Count: 47
August 19, 2010 - 10:01 am

As A Buyer's Agent I offer Flexible Payment options:
a) 1% of property price negotiated (industry standard ranges between 2 and 3%) OR
b) 20% of discount negotiated off (verified) list price OR
c) Flat fee of $5,000 for properties with list price up to $500,000 (includes $500 upfront amount, with the balance only payable on satisfaction/settlement of approved property )

EXAMPLE: let's say a suitable home/investment is found which is listed at $500,000 and this is confirmed as market value by analysis of comparable properties in the given location. Price negotiated might be $450,000. Based on above, scenarios…
a) Freer Property and Finance (FPF) fee for service would be $5000 including $500 'upfront' fee . Client saves $45,000
b) FP&F fee for service would be $10,000 (includes $500 'upfront' fee) . Client saves $40,000. Discount/saving could well be greater here with 20% Buyers' Agent incentive and for every dollar we make our client saves FOUR. Discount depends on market conditions.
c) FP&F fee for service would be $5,000 (includes $500 'upfront' fee) . Client saves $45,000
Graeme Freer 0414816408
Freer Property and Finance
Graeme Freer | Freer Property and Finance
http://www.freerpropertyandfinance.com
Email Me | Phone Me
Buyers Agent
Graeme Freer
Participant
@freerenterprise
Join Date: 2008
Post Count: 47
August 19, 2010 - 9:17 am
Phillippe Tartonne is highly recommended. Lives in The Hills distrcit but can travel anywhere in Sydney. 0407948824 mention Graeme recommended him for good service (he owes me as I found him a nice townhouse)
Graeme Freer | Freer Property and Finance
http://www.freerpropertyandfinance.com
Email Me | Phone Me
Buyers Agent
Graeme Freer
Participant
@freerenterprise
Join Date: 2008
Post Count: 47
August 18, 2010 - 1:24 pm
The beauty of an offset account is that you can minimise the interest payment without reducing the principal. It doesn't make sense to reduce the principal (and associated deductible interest costs) on an investment property . Better to withdraw funds from the offset account for non-deductible purchases, such as deposit on a home.
Graeme Freer
Freer Property and Finance
Graeme Freer | Freer Property and Finance
http://www.freerpropertyandfinance.com
Email Me | Phone Me
Buyers Agent
Graeme Freer
Participant
@freerenterprise
Join Date: 2008
Post Count: 47
August 18, 2010 - 1:10 pm
You would probably be aware that Victorians have up until recently enjoyed the unique privilege of stamp duty concessions for buying off-plan. ie. risk takers are rewarded as SD on completed property is the highest of all states & territories. Since July 1 new off-plan projects in NSW < $600k qualify for a SD waiver if completing by 30.6.2012 .
Land tax becomes an issue more quickly if you are investing in houses due to comparitively greater land component over units, hence interstate diversification is sometimes used to avoid hitting threshold where tax is payable. NT doesn't have land tax at all.
Graeme Freer
Freer Property and Finance
Graeme Freer | Freer Property and Finance
http://www.freerpropertyandfinance.com
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Buyers Agent
Graeme Freer
Participant
@freerenterprise
Join Date: 2008
Post Count: 47
August 16, 2010 - 10:15 am
Hi Catalyst
Good question. Personally I use comparable sales data. Pricefinder and RP Data are useful here as you can match attributes with properties recently sold in the same location. It is the properties that are priced incorrectly that other subscription software programs can pick up quickly….and I can swoop.
Cheers
Graeme Freer | Freer Property and Finance
http://www.freerpropertyandfinance.com
Email Me | Phone Me
Buyers Agent
Graeme Freer
Participant
@freerenterprise
Join Date: 2008
Post Count: 47
August 6, 2010 - 12:31 pm
As a Buyer's Agent I back myself to create a win for my client as well as myself. My clients can choose between a flat fee or paying me 20% of what I save them off verified list price. So if I can negotiate $50k discount, my client saves $40k and my fee is $10k. If I can't save my client the equivalent of my fee there is no charge. We are all experts in some areas, but hard to be expert in all areas
Graeme Freer | Freer Property and Finance
http://www.freerpropertyandfinance.com
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Buyers Agent
Graeme Freer
Participant
@freerenterprise
Join Date: 2008
Post Count: 47
May 16, 2010 - 5:00 am
Commercial yields are good however riskier investment due to longer vacancies, which can cause grief with cashflow. Student accommodation may be better option for steady casflow positive income, but check that rental blocks aren't merely aligned with uni terms (again you don't want unit vacant during holiday periods). eg. Unilodge in Ultimo grosses around 8% and net return is 5.5%.
Graeme Freer | Freer Property and Finance
http://www.freerpropertyandfinance.com
Email Me | Phone Me
Buyers Agent