Get Help Bidding At Auction
Bidding at auction can be very daunting if you are inexperienced.
Don’t be fooled by underquoting
An auction is like a theatre performance, except no one knows the script or who is playing the lead roles until the curtain falls or in this case the hammer falls at the end.
For the everyday punter, bidding at auction can be very daunting – and a lot of buyers are stressed and worried about getting emotional and overpaying.
Having a professional bid for you means you can get expert guidance on the right value and not get fooled by underquoting.
I also work to ensure that you don’t pay more than what a property is worth, (I am a Registered Valuer after-all) and if possible, we can work to negotiate the right deal for you pre-auction.
Leave your details and I will be in touch to see if I can assist you with your next property auction.
REASON FOR PURCHASE
Mature aged retired couple who wanted lower floor living with room for their large family to visit
Type of Property:
Fairfield, Brisbane, QLD
Having missed out on eight properties, we were frustrated and didn’t know what we were doing wrong. It felt like Selling Agents were playing us off others and we never came out on top and Auctions were too stressful for us.
Our client is a retired couple with four grown children who live in Sydney and they have a number of grandchildren. They wanted a home that they could use the lower floor for themselves and when the family came to stay they could accommodate all of them on the second level.
The Savvy Fox Story
My name is Jacqueline….after our first phone chat you will probably call me Jac and we will talk often. Eventually our phone conversations start with “Hi, its me!” What I am trying to say is… we get to know each other exceptionally well.
I am a Registered Property Valuer and an Award Winning, Licenced Real Estate Agent and Auctioneer.
Enough formalities. Let’s cut to the chase, I’m your Savvy Fox when it is time to secure your next property. I play fair but I play hard for my team to win. I genuinely want to secure you a place you adore at a price you are comfortable with.
I want to do it as seamlessly as possible but hey, I am juggling a pretty big deal here with opposing agenda’s and personalities!! I will control the controllable’s and calmly work swiftly through the things that need smoothing over.
Q & A’s
We are Australia’s leading Property Buyer and Valuation Agency.
We exclusively represent buyers in the real estate process. The strategy, process and systems that we have developed and implemented, separate us from the herd. Our service is unique in that we are not ‘just’ Buyers Agents but we are Registered Valuers across Australia as well. Our system is designed to make the real estate process simple, fun and rewarding for the buyer.
We provide a diverse range of services which include; Buyers Agents and Buyers Advocacy, Property Management, Valuation, Auction Bidding & Sales Advisory.
A Buyers Agent (also known as a Buyers Advocate) is a licensed real estate agent who works exclusively for the property buyer in a real estate transaction. Savvy Fox Property Buyers Agent provides the following services:
• Searching for properties that are listed and unlisted via various sources including our extensive network or by contacting the sellers directly in the area you desire
• Evaluating and comparing properties based on their potential as a home or as an investment
• Negotiating the purchase price and conditions in favor of the buyer. This often includes bidding at auction.
• Preparing/reviewing contract documents, other searches, co-ordinating building and pest inspections and other due diligence.
• Managing your settlement process to its completion including referring you to property managers if it was an investment purchase.
The same reason why people hire cleaners, builders, accountants, stylists and wedding planners! The time value of money is an important thing to remember here.
The Big 3 Reasons: Time, Money & Reduces Your Risk.
Your time earning money being an expert at what you do is generally greater than the fee you pay us to do what we do. We already know you are good at what you do, you have saved up a hefty deposit after all. You would need to add hours of research and study to your search time to know the market the way we do. So of course you could do it yourself, but we offer a simpler, smarter way to get a dream property (while keeping your pockets lined, don’t forget we’re Valuers as well).
Purchasing property is a time-consuming process. Once a location is chosen then the property search begins. Viewing 50-100 properties will give you a good indication of what is available and how much properties are selling for. If you are prepared to view 5 properties every Saturday then you could be ready to buy in 3-5 months time. Many prospective buyers will have been looking at properties for 12 months or more. Property prices can increase significantly over this period of time leaving you perplexed when your offer is not accepted or worse its accepted before the ink drys….You might be paying too much!!
Your Savvy Fox has a working knowledge of property prices and market conditions and can dedicate their time to sourcing appropriate properties that align with your criteria. Most properties are sourced within 4-6 weeks. Employing a Buyers Agent will give you your weekends back and can help to secure quality properties more quickly.
We have no doubt you’re an excellent negotiator in your field of expertise. And while some negotiation skills are transferable across contexts; the real strength of having a well-established Buyers Agent negotiate on your behalf is the insider-information that’s virtually impossible to access outside of this industry. You don’t have to be rich and famous to use the services of a Buyers Agent. Most clients are everyday people looking to purchase investment property or their own home. Clients may be local to the QLD area or live interstate or overseas.
One thing to watch out for: many real estate agencies refer to Personal Assistants as ‘Buyers Agents’, but we strongly recommend you choose an independent Buyers Agent who is a Certified Practising Valuer registered by The Australian Property Institute. If you’re going to get advice and assistance when purchasing property (which we recommend you do), make sure the source is appropriately qualified, experienced and unbiased with decades of experience under their belt.
In a word: no….It’s a pretty significant conflict of interest, potentially recommending properties they get a Selling Agent fee for. The one time it’s not risky is if your Selling Agent is assisting for you free because they know they can sell your current home once you buy. That way they are getting a fee from you after they firstly help you buy and secondly help you sell. We offer independent, highly specialised advice, and on top of that, we do the bulk of the searching, all the negotiating, and take care of the logistics at every step of the way. Selling Agents are different to Buyers Agents, even though they work in the same industry.
Savvy Fox Property Buyers Agent & Valuer have many industry memberships as well as being awarded the highest accolades possible in the Real Estate Industry Nationally. Something we are incredibly humbled by but more importantly it demonstrates we have appropriate professional experience. We are licenced Buyers Agents in QLD & NSW, we are Registered Valuers with the QLD Valuers Registration Board and also Certified Practicing Valuers nationally with The Australian Property Institute. The Real Estate Institute Code of Conduct means that we abide by the below:
- Hold a license in their relevant state or territory.
- Are registered with the Office of Fair Trading (OFT).
- Have professional indemnity insurance
- Do not have properties listed for sale, or be involved in direct selling.
How much would you pay in order to save minimum of $25,000-50,000 on the purchase price, end up with a quality home or investment that meets your individual needs and not have to spend every weekend looking at homes and talking to real-estate agents?
Savvy Fox Property Buyers Agent charges a flat fee in different broad price ranges (rather than a commission of the actual price) for our services. The fee varies depending on the service required, purchase price range and location of the property. Contact us to obtain a quote for your specific needs.
A popular request is to provide a full Buyers Agent service in metropolitan Brisbane or the Gold Coast for purchases up to $800,000. (The full service includes searching for and evaluating properties, shortlisting and doing a valuation report of specific properties, negotiating the purchase price and contract conditions, and managing the settlement process).
The total cost for this service is $18,000 (+GST). Payment is made in 2 instalments:
- An appointment fee of $1500 (+GST) at the time of appointment. This amount is non refundable if you ultimately choose not to purchase a property.
- A success fee of $16,500 (+GST) paid when the contract becomes unconditional. No success fee is payable if you decide not to proceed with the purchase.
Payment can be made in cash, by cheque or direct deposit.
Savvy Fox Property Buyers Agent purchases property in all price ranges.
If you have already found ‘the property’ we are also happy to provide a reduced fee services to assist with:
- Negotiation and settlement
- Bidding at auction
- Finding you a tenant if its an investment purchase.
If you are purchasing the property for investment purposes then the fees may be tax-deductable. Generally the fees are added to the ‘cost base’ for the calculation of capital gains tax, rather than being deductable in any single year. You should obtain specific advice from your accountant.
Unfortunately if you are purchasing a property to live in, the Buyers Agent fee is not tax deductable.
Most investment properties are sourced (STEP 4 of The Process on the Go Forward Plan page) within 30 days. Home purchases may take longer to source (generally within 60 days).
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