Final 2022 Market Begins
Next Week 2022M4 - Xmas 100 Auction Test
Is it long term fundamentals or short term markets?
More talk about price implosions from our expert friends again – we admire their tenacity.
In 2030 please let us know how your pause on buying strategy went for your family.
Some historical client budget comparisons – 8 years ago and then 8 years before that.
We looked back over our buy sell client records & agent databases.
- Between 2006 and 2014 there was the GFC
- Between 2014 and 2022 there was the Pandemic.
- Between 2022 and 2030 there will be the ?
If you’re waiting for Melbourne Top End A-Graders to go down big time – good luck.
CLIENT BUDGETS
ST GEORGES RD TOORAK LAND psm
2006
$3500
2014
$7000
2022
$13000
GLEN IRIS
FAMILY HOME
$1,000,000
$2,000,000
$3,500,000
GASCOIGNE
PERIOD HOME
$2,000,000
$3,000,000
$5,000,000
ALBERT PARK
SINGLE FRONTER
$800,000
$1,500,000
$3,250,000
MIDDLE BRIGHTON
FAMILY HOME
$1,750,000
$3,000,000
$5,000,000
KEW SACKVILLE
HIGH END HOME
$5,000,000
$10,000,000
$20,000,000
CBD HIGH RISE
WE DON’T BUY
$500,000
$600,000
$500,000
ASX STOCKMARKET
NOEL WHITTAKER
$1,000,000
$1,740,000
$2,540,000
3 real stories of our Buy Sell clients this week @ $3.5m
JAMES BUY SELL Video Market Report
<<<<< Melbourne Top End Property October 15
Video Time Scale:
0.00 General Market Activity
0.38 Seasonal Increases in October
0.51 Most Stock for 2022
1.04 M4 Starts next week
1.26 Price made up of 3 components
2.07 Macro Micro Individual
2.18 11 month sale concluded this week. We weren’t perfect, but overall the result was up on last year as the macro market has come down.
3.12 Offers
3.48 On v Off-market (one example of Multi-list)
4.12 Price Adjustment after research does work!
4.45 Even in a falling Macro your price can rise.
5.08 Its not all doom and gloom
5.15 A better deal for yourself if you understand Macro Micro & Individual Markets
Malvern East $3.6m
Ian McLennan
Missed to a stronger bidder – within range
– after auction – 1 bidder
We love this market for upsizing and we are sad to have missed this – but our strategy is the be-bold-but-have-a-hankie buying and selling strategy:
1. Due Diligence
2. Turn Up (A-Graders) only
3. Have a go
4. Bring a pen and a handkerchief.
When trying to buy well, sometimes you’ll get beat. No shame in that! Don’t Give Up!
Brighton $3.249m
Johnny Clarkson
Sold by our client – within range
– under the hammer – 2 Bidders
Another example of how you buy and sell well in this market. A few weeks ago our client wanted to downsize and we had a go on a townhouse – went ballistic – volcano – we let it go, as our client didn’t want the pressure of having to take any number when selling her home.
Today that didn’t happen – she got the number she wanted and with a 5 month settlement. Now we look for an A-Grader with plenty of time and a clear budget.
James Buy Sell sponsoring Overseas Medical Graduates Association
@ the Hyatt Saturday October 22nd with Allan Border and Sunil Gavaskar
Many of our clients are doctors – we like to return the support where we can.
James Buy Sell referrers just sponsored a 500th child surgery in Africa
At James Buy Sell every week, we organise low cost, high impact, safe, local, life-changing surgeries, when no other option is available to the family due to extreme poverty.
HOW WE FIND
1. Child Found in desert.
2. We’re notified WhatsApp
3. Parental permission video
4. Child to Surgery
5. Back to Village Verified
6. We Pay Medicals
HOW WE WORK
Instead of paying referrers, we reduce our fees and we pay local hospitals, for child surgeries for the poorest – Africa. Also Melbourne Homeless. Since 2006.
HOW WE PAY
1. WORK REFERRED To US
2. AGREE DONATION
3. SIGN UP CLIENT
4. BUY OR SELL A HOME
5. WE ARE PAID & WE PAY
6. REPORT TO REFERRER
Refer to Mal 0408 107 988 or Gina 0457 835 255, get a great deal for your client and really make a verifiable difference to a child in need.
W.H.O. Checklist System in Use
W.H.O. Checklist set up – we pay incentives
One of 500 Child Surgeries - Prince David Muagama
APRIL 2022
BEFORE SURGERY
OLOIRIEN TANZANIA
OCTOBER 2022
AFTER SURGERY
BACK IN VILLAGE
1. A Referrer Story - We Sold Parents Home - 37 Child Surgeries
2022 Melbourne Parents Home: We sold for the family of long term Marketnews reader Michael Hudson at 40 Walbundry. Thank you for his trust. From job 37 Child Surgeries in the Sub-Sahara in Africa happened that would otherwise not due to absolute poverty.
40 Walbundry after we presented to market
Before
Sep 25th
Hi Gina and Mal,
I have been following you, Mal and team over many years on marketnews. But never have made contact until now. I have used property advocates at times and understand your value.
Recently my wife’s father passed away. My wife and her siblings have inherited his house. They live across Victoria and Australia. The house is at 40 Walbundry Avenue, Ferntree Gully, 3156.
It is an acre and the highest house (or one of the very few) on Mt Dandenong, with probably one of the best views across Melbourne. It feels as if one is continuously landing toward the west in an aircraft cockpit. Without any of the siblings knowledgeable around agents and the local market out that way I suggested that they consider your services.
Could you manage a sale like this? Would it be of interest? If so would be great to talk.
Regards
Michael Hudson
Mobile number can be supplied
After
February 28th
Dear Mal and Gina and James Buy Sell Team,
You acted for our family in late 2021/early 2022 to sell my late father-in-law’s property in the Dandenong Ranges. The beneficiaries of the property were four geographic diverse siblings with varied experiences, all with little real estate background. From inside our family group, my advice was sought. “Oh” was my thought, what to do now?!
Given I had followed you virtually for many years at marketnews.com.au and I thought I would reach out, you could always just say no to an “off-piste” idea. Simply stated, you are a person who presents himself as per your public persona. From the moment we first communicated your advice has been professional, consistent, balanced, rational, invaluable and led to the strong “volcano” outcome we received. And when things deviated from plan you were there advising to keep positive momentum, helping all to keep a clear head.
You took on our job during a COVID lock down in an area of Melbourne outside your traditional backyard. Nevertheless, the clear steps you outlined during our first no obligation meeting were executed step-by-step and led to our strong result. From the practical selection of the best agent for our property (such a key moment) by interviewing your narrowed selection, to fit-for-purpose house presentation advice (repairs, staging) and marketing strategies. But also the more soft issues like managing our agent (and us 🙂) with respect and the right amount of pressure, at the right time. Also identifying and flagging key moments of the campaign, to hand holding when things did not always go as planned after a condition precedent was not met.
You were consistent and with your expert advice and perspective, you removed the unknown, or at least explained it, and kept the process advancing positively.
I only hope we cross paths again in the future Mal. I cannot envisage any reason to not work with you when I transact real estate again. You had our back from start to finish. There is no doubt the result we received was significantly better than if we had chosen to go alone. Thank you.
And then your team donated your fee to support 37 child surgeries in the Sub-Sahara in Africa. Incredible.
I can only recommend your services and I am happy to discuss any matters further with those who wish to understand your invaluable “value add” in more detail.
Thank you
Michael Hudson
Mobile number can be supplied
Issue | Solution |
Long term differing sibling emotions | We start with and facilitate a clear agreed plan |
Value: everybody has a differing opinion
| We get and give independent opinions |
Timing
| Clear timetable to fit all needs |
Presentation | Most estate homes are shown poorly, and it costs the family members a lot of money at the end price. We provide design and presentation advice and understand the emotions of family kick knacks etc. |
Marketing | Ditto above – you need to be clear on who your target market is and how to present. Spending no marketing money on a great home makes no sense. We can offer pay later marketing solutions. |
Agent Selection – just get a family friend | A mistake as it loses independence and objectivity on the family needs. |
Fees. How many times do we see deceased estates sold with the cheapest and most junior agents – that does not maximise the family’s position in any way. | We take the family through an independent analysis and presentation of the Top 3 agents we think are best suited to sell the family home. We then discuss using 1, 2 or 3 agents. |
Problems and Legals | Not everything runs exactly to plan and our role is to prep you in advance and provide alternative solutions before they are a problem. |
Negotiation | We work for you, not the deal. Sometimes saying no or renting initially, gets the best. |
Cost | We cost no more as we share fees with the agent and we are fully transparent. |
Patience | We have plenty and can work with lawyers, accountants, executors and all family members in a polite and professional way. |
Results | We have sold hundreds of homes (well) like this from $1.3m to $20m plus for families, governments and organisations. |
Walbundry after recarpeting, repainting and adding furniture.
- Zoom meetings with all in family
- Agents analysis
- Meet agents on property
- Agent reports and within them
- Values
- Marketing ( how & when)
- Presentation Options
- Fees & Costs
- Negotiation Abilities
- Comparable Sales
- Agent Interviews and selection (with family)
- Methods of Sale we can use
- All agents can sell off-market – privately and quietly
- Auction
- EOI
- Tender
- Private Sale
- We can manage one or multiple selling agents and you can be in direct contact or no contact or somewhere in between (your choice)
- Building Report and co-ordinating of jobs
- Rubbish removal
- Drainage along the rear
- Garden
- Interior plastering repairs
- Cleaning of premises
- Removal of ……
- Interior / Exterior Improvements overview
- Presentation and Interior Design Advice
- Furniture Co-ordination and Quotes for approval
- Title and other checklists
- Costs of Marketing from each agent to consider:
- Internet -10 sites including Premier placement on realestate.com.au
- For Sale Board
- Color Floorplan and mud-map
- Twilight photography or Day photos
- Social media marketing, database marketing, window displays, web book for electronic mail out, in house advertising
- Brochures
- Professional copywriting
- Video to tell a story (if we want to)
- Legals (Section 32 / Vendors Statement)
- Correct and Legal Quoting
- Inspection readiness and compliance
- Advertising on Marketnews
- Mid campaign Meetings and changes if needed
- Negotiations, Offer Analysis and Reserves
- Auction or EOI or Tender Attendance
- After Sale inspections
- And more
Why? Well, we really enjoy these jobs and the teamwork. It’s meaningful.
We have always run our company lives according to
Purpose: To make a positive difference to all we come in contact with.
Ethic: To carry out our role in a manner we would want it carried out for us.
Way: To get the best result we go the middle way to the top.
We try and give back between 5% and 10% of our turnover every year and our three main focusses are
- Basic Surgeries for Children who cannot access or afford it (mainly Africa)
- Melbourne temporary homeless families (since 2006)
- Other client causes as we are ask to help.
Some people ask what in for us? A lot; is our answer. We have sold hundreds and bought in the thousands of Top End family homes over last 21 years.
2. A Referrer Story - from a past client - over 20 child surgeries
Doncaster: A 20 year supporter, client and referrer brought us a proposition where we helped a couple sell without bank finance and downsize. Our role was strategy, agent selection and negotiation. In this case fees of $24,561 donated in full. Thank you Sue, Ian, Zoe & Tony
3. Another Referrer Story - Tyler Hunter and DPM (Doctors Financials)
Thanks to your referrals to James Buy Sell from Tyler Hunter of DPM (financial services company for medical professionals) we donate to African child surgeries on average, 9 times a month and to Melbourne Homeless quarterly/yearly.
Thanks to your referrals to James Buy Sell from Tyler Hunter of DPM (financial services company for medical professionals) we donate to African child surgeries on average, 9 times a month and to Melbourne Homeless quarterly/yearly.
Refer to Mal 0408 107 988 or Gina 0457 835 255, get a great deal for your client and really make a verifiable difference to a child in need.
Error: No feed found.
Please go to the Instagram Feed settings page to create a feed.