Couple Escaped Buying Wrong Property Investment. “We Were Glad To Hear From A Second Opinion” – Upgrading Made Simple

Couple Escaped Buying Wrong Property Investment. “We Were Glad To Hear From A Second Opinion”

Gary and Kellie Nearly Bought The Wrong Property Investment

This could have happened to you. You are most likely ready to purchase a property investment. You have seen a few Show Flats or Resale properties with your agent. You might even be ready to purchase

But something held you back. You are not sure if it is a good purchase cause after all, it’s a big ticket item. And we are talking about $1 million dollars and above

Stop if not sure property is a good purchase

So what really went wrong for you?

As of now, you probably might know that i have been assisting many clients in their property investment journey and i can totally understand a few reasons that could have slowed down your progress

And do you know what is the main reason?

Everyone says “YES” to you! 

Everyone says “Yes” to you

Everyone “AGREES” with you!

Everyone agrees with you

What do I mean by that? 

Everyone sells what you want! Meaning everyone will tell you that their product is the best!

There will never be a scenario where you walk into Starbucks and the salesperson tells you that their coffee is not up to standard and invites you to go to Coffee Bean instead. 

Simply put, no one will tell you that the property you are keen is actually NOT a good purchase

Allow me to share with you an example 

You went to visit a particular showflat. At the entrance, the appointed agent brings you to see the model and explains the location, the project details and facilities. Next, you will then look at the different bedroom show suites types. Finally, the agent engages a conversation and try to understand your budget and the types that suits you.

And if you realise something, whatever that you hear is definitely about how GOOD the project is. 

And this goes on the same when you visit other Show Flats as well till you finally shortlist one

But throughout this whole process of hunting for your investment property, don’t you find something is missing?

NO ONE shares with you that the project’s PSF is too high and it does not have a good potential upside

Property Price Too High?

Property Price Too High!

NO ONE shares with you the history prices of surrounding projects and how it can affect your shortlisted project

Is Surrounding Projects Prices A Concern?

Surrounding Projects Historical Prices Might Be A Concern

NO ONE shares with you whether it is advisable to buy a Mega project or a Smaller development

Should I Buy A Big Or Small Development?

Which is better? Big or Small Development?

NO ONE shares with you whether financially you can afford it

Can I Afford?

Are You Able To Tight Through Rainy Days?

NO ONE just dares to give you their honest opinion

What you truly need is a SECOND OPINION. Someone that can say “NO” to what you might be thinking that is good for you

Will Someone Say “NO” To Your Property Purchase?

And why I feel that this is important?

Allow me to share one of my experience with a client

Recently, I met Gary and Kellie who were keen to purchase their first property and they visited many show flats just like other interested buyers. And there was this particular project that they were really keen to purchase. It was a 99 years lease hold property and they were keen with the 2 bedroom premium unit. The size is 700 sqft and the price was $1,250,000

But they had some concerns and we met for a discussion

What i shared surprised them. I pulled out a resale transaction of a neighbouring freehold project and the price for a 3 bedroom, 1324 sqft (much bigger in size) actually cost only $1,180,000. Which means if they bought the 2 bedroom project, there is a high chance of having limited capital upside. Because resale buyers in the future would rather purchase a freehold 3 bedroom condo at a cheaper price as compared to a 99 years leasehold 2 bedroom condo

Freehold 3 Bedroom cost only $1,180,000

And this analysis that i shared made them understand the importance of buying the right property investment and having a second opinion

And at the end, they heed my advise where i showed them that they could purchase the same bedroom type that they want , at a cheaper price and a better location

Gary and Kellie

For both Gary and Kellie, this is just one of my experiences that i managed to shared with them my opinion as they were keen to hear from my perspective 

As for you, you might want to explore to see which options best suits you before you make that final decision

Want Invest In The Right Property?

You might have been to many Show flats because you have heard from agents that buying new properties always have the “First Advantage”

You might have also heard that buying resale properties is a better options because you can have rental income immediately

Or you might have shelved the idea of investing in a property because you think its too risky

I am sure that you might be one of those that experienced one of the above mentioned situation and you are not sure what is the best option for you

If this is your first time reading this blog article, you might not have known me yet

I am Gaynor, a Real Estate Agent, Property Investor/Blogger/YouTuber. And I have consulted hundreds of property Investors and shared with them on properties with the best potential

And I will share with you my Unique “Simple” Property Investment Framework so that you will understand why not all properties are good investments

In this “Simple” Framework, you will understand how one can gain the maximum potential profits through property and with property guidance

If you are someone that always want to gain quick profits in 2-3 years, that this “Simple” Framework is not for you

Click on the link below for a 1 on 1 consultation and my Team will review your application

Make an appointment with me today and let me
guide you towards achieving your dreams.