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Due diligence and pricing strategy.

What to pay and when to walk away?
And should we even buy this property in the first place?

PUTTING A PROPERTY UNDER THE MICROSCOPE IS CRUCIAL IF WE WANT TO MAKE A GOOD BUYING DECISION.

Undertaking thorough Due Diligence means we can begin to understand what is really going on with a particular property. It gives clarity to decision making and we can confidently say, Yes – we will pursue this one, or No – let’s keep looking. And if we do choose to buy this property, we have comfort in knowing what price is fair and reasonable in the given market.

This is the power of research, pricing strategy and due diligence undertaken by an independent industry expert.

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HERE’S WHAT WE CONSIDER WHEN PREPARING YOUR REPORT.

  • A full Property Summary including area overview and proximity to CBD, average annual capital growth percentages for both houses and units (averaged over a 10 year and 20 year property cycle) with 12 month growth and quarterly growth figures.
  • Property description, aspect and location, including type of property, style and features of the property, zoning, where it is physically located on the allotment, how the property is accessed, how many properties occupy the allotment (if held in a body corporate scheme) and an opinion of street appeal and overall visual condition.
  • Demographics in the area – types of residents, owner occupier / tenant split, average weekly income of households.
  • Current median sale prices of houses and units in the suburb.
  • The unimproved capital value (UCV) of the lot / property.
  • Style of neighbouring properties and general streetscape assessment.
  • Identify possible value add opportunities and their estimated costs.
  • Flood search with interactive flood report, map and flood assessment.
  • Google search of the property and current owners.
  • Walkscore report showing walkability to amenities and transport with distance to city estimations.
  • Vacancy rate of the suburb as a percentage and interpretation of rentability.
  • Independently assessed rental appraisal and report.
  • Tenancy agreements in place, identifying current and/or potential yield and rental considerations.
  • Yield percentage based on conservative case scenario.
  • School catchment zones identified.
  • Flight paths identified and if the property falls within a new or existing flight path.
  • Identify significant events that have occurred on the property. (Eg. a recent death / major incident)
  • Body corporate (units and townhouses) assessment of costs including balance of sinking fund, current administration and sinking fund quarterly charges and assessment of special levies and minutes of meeting (if available).
  • Sellers’ reason for sale and level of motivation.
  • Estimate of selling price of the property and complete Comparative Market Analysis detailing a market value range according to market conditions and recent comparative sales (identified and assessed).
  • Purchase assessment including initial offers strategy and maximum walk away purchase price.
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YOU WILL HAVE THE FOLLOWING WITHIN 24-48 HOURS OF ENGAGEMENT.

We will also personally inspect the property if required.

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This service at a glance …

SUMMARY | Due Diligence and Pricing Strategy is an exclusive service for Buyers who want to understand more about a specific property, in particular, its market value / worth.

WHO IS IT FOR? | Best suited to Buyers who have already sourced a property and need further clarity before making a decision.

PROFESSIONAL FEE | AUD775 payable prior to release of reports.

READY TO GET STARTED ON DUE DILIGENCE? LET'S CHAT!
book it now
Or you can send an enquiry to hello@wendyrussell.com.au.

Ps. Want to hear what our clients have to say? Check out the testimonials.

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