Auction Bidding Melbourne
Auction Bidding Melbourne – Buyers Agent Services
Auction or Private Sale Assessment – Attendance – Negotiation and Bidding Services
As one of Melbourne’s leading and most qualified and experienced Buyers Agent company’s, we provide professional auction or private sale preparation, attendance, negotiation and bidding services as Auction Bidding Melbourne Buyers Agents. These services are already included in our Comprehensive Buyers Advocacy Service, but also offered as alternative stand alone options.
Here’s how it works.
Auction or Private Sale? We’ve got you covered!
Melbourne Real Estate Property Buying
Master Advocates – Real Estate Services Pty Ltd So you found the property that you want to buy to live in as your next place to call home or invest? Whether you’re gearing up for an auction or navigating the world of private sales, our team offers professional preparation, attendance, negotiation, and bidding services. These essential services are already included in our Comprehensive Buyers Advocacy Service, but we also offer them as standalone options for your convenience. Ready to make your property journey seamless and stress-free? Contact us today to learn more! Let us be your key to investments and stress-free buying. Unlock the full potential of your property journey with a buyer’s agent, who transforms challenges into opportunities and dreams into reality.
#BuyersAdvocacy #PropertyServices #Auction #PrivateSale #AuctionBiddingMelbourne #BuyersAgents
Tap into and benefit from the value and experience of husband and wife led Licensed Independent Buyers Agent team Mark and Michelle Errichiello. Co-founders of Master Advocates Established 2014, together they possess over 45 years combined Real Estate experience in Melbourne, helping buyers just like you to buy property to live in or manage their investment portfolio.
SEARCH & INSPECT
Evaluate Property Sales Data
Property sales data helps you evaluate trends and behaviours in the market.
Data is available down to a suburb level, broken down by house and unit markets. The key things to look out for are median sale price, comparable sold results, sales volumes and rental data, along with average time on the market hold period information.
With our years of experience, we back our opinion and will provide you with a comparable market analysis report and an independent purchase price range on the property you wish to purchase.
You will be ready to make an informed decision and “Buy With Confidence” before we head into battle with a strategic game plan to negotiate and purchase the target property.
It is a lot of information to process, but once again, we can help remove the stress by doing it for you. And because we’ve been doing it so long, we can quickly get our heads around it and see which properties in which areas are doing well.
What to inspect when you’re inspecting
A cracked paving tile may be just that to you. But to us it means that there are tree roots underneath that are forcing their way up into your brand-new pathway.
We know all the things to look out for in a property. Sagging walls that could mean a problem with the foundations, damp or mouldy spots that could indicate an issue with the plumbing, poor sound insulation, weird smells, cracks in the walls or floorboards.
Honestly, we’ve seen it all in our 21+ years in real estate. And we know all the red flags to look out for. We have connections to the best certified building practitioners, and can call upon them to help confirm our suspicions, assist with our negotiations or help us decide to walk away and continue the hunt for the right property option.
So don’t run the risk of doing an inspection yourself and missing something important. Let us do it for you and enjoy the peace of mind of knowing that we won’t miss a thing.
Due diligence
Doing the due
Due diligence is the investigation of every aspect of a property that could affect its value and suitability as a home or investment. Here at Master Advocates, we have years of experience in this field and know exactly what to look for and what can significantly impact the value of a property.
These include such areas as:
Property
Rooms
Renovations
Easements
Zoning
Ownership
Location
Infrastructure
Neighbourhood
Amenities
Development
Is there a lot of development planned for the areas? If so, how will this affect the value of the property?
finances
Mortgage
Could you afford repayments if the interest rates suddenly jumped by 2%? What if one of you loses your job and you have only one income. Could you still meet your mortgage repayments ?
Pricing
Refurbishments
Demand
As you can see, there is a lot to do with due diligence and it can be easy to overlook something. Thankfully, however, there’s Master Advocates to do the due on your behalf. So you can bid adieu to stress and worry.
negotiation & bidding
Helping with the haggle
We can help you with:
- Purchasing for best price, terms and conditions.
- Monitoring final inspection prior to settlement.
- Property selection for strong capital growth and rental yield.
We recommend that when purchasing a property, you obtain the following:
- An independent assessment with a Financial Institution, Mortgage Broker, Financial Planner and Insurance Advisor to determine borrowing, lending capacity and potential risk.
- An independent legal representative to check all legal documents prior to making a successful purchase and manage conveyancing, settlement transactions.
- An independent building and pest inspection report.
- An independent electrical inspection report.
- An independent plumbing inspection report.
Please note: Included within our fee we are happy to recommend, introduce and liaise on your behalf with any of the above professional service providers that exist within our networks and or professionals you have already engaged.
We do your bidding
Auctions are both tricky and stressful.
And that’s why having a Master Advocate’s buyers’ agent can be a godsend. We have been in this situation many times before and can handle the pressure and stress. We know exactly what to expect and what tricks are used to fool the unwary and inexperienced.
Think of us, your advocate, as an experienced and confident bidder who will represent you at the auction and bid on your behalf. This means you don’t have to get caught up in a high-pressure bidding war. And because we know the ropes, we can often end up saving you thousands of dollars.
AUCTION BIDDING Melbourne Services
Auction or Private Sale Bidding Services
Auction Bidding Melbourne Buyers Agents are here to support you as much as possible in all aspects of the process.
- Preparation: We start by ensuring you have a strong plan in place before you attend an auction or make a bid. Being prepared dramatically improves your chances of securing a great purchase.
- Attendance: We attend the auction with you (or on your behalf) as your advocates and limited power of attorney representatives under your instruction.
With our experience and market knowledge, we will give you the right advice and guidance to ensure you don’t make a bad purchase. - Negotiation: We have years of experience in helping negotiate a property sale, and will obtain the best possible purchase price and terms for deposit and settlement.
Bidding: We will greatly improve your chances of winning at auction or private sale at the right price.
Detailed comparable market analysis reports, appraisal and pre-purchase due diligence service fee:
A service due diligence fee (optional as a stand-alone initial service and or as part of our Master Advocates Auction Bidding Melbourne Buyers Agents 3-Phase Auction or Private Sale service). Set as a fixed fee service (including GST) per property is applicable for the due diligence service, based on a property that has been self-sourced and introduced by the buyers advocacy client prior to auction or via private sale.
Fees are subject to change based on location in Victoria, property building, land area and due diligence requirements.
Each Pre-Purchase Due Diligence service includes:
On site in person inspection by one of our senior Melbourne based and experienced Buyers Agents to conduct a professional purchase price estimate appraisal and price setting recommendation of the property.
Insta 360 degree camera, high resolution video tour walk through of the independent Buyers Agents inspection, including audio commentary recording of the inspection for your records and if required live video call presentation of walk-through, commonly requested by interstate, international and expat clients.
Our independent Licensed Estate Agent written appraisal and notes of purchase price estimate, supported by our custom CoreLogic RP Data Comparable Market Analysis report, on market and sold property comparable data and if required, value add opportunity for investment, rental yield analysis achievable rental valuation price and requirements to meet and engage further professional service practitioners in our networks to obtain due diligence of investment property minimum standards and safety checks in Victoria and post purchase project management prior to marketing to lease and rent the property can commence.
An independent LandChecker Premium Property Report to support due diligence, land, zoning and local municipality data of current approved and pending approval of local area development applications within the area surrounding the property
Auction or Private Sale attendance, negotiation and bidding engagement and service fee:
An agreed fixed engagement and service fee is paid upfront before auction, private sale negotiation or bidding service commences. This is applicable per service and based on the service provided, not subject to a successful purchase.
Success Fee:
If we’re successful with the auction, negotiation or bidding service, a subsequent success fee invoice will be included. This can be a fixed service fee or percentage of purchase price including GST.
Talk to us for further details.
Starting from $1,100 including GST subject to technical requirements of the target short listed property acquisition and location radius if greater than 50km distance from the Melbourne CBD.
** Please note: If unsuccessful with property purchase, fees can be transferred and offset if client wishes to engage our Comprehensive Buyers Advocacy Service – Value Offering Package **
OVERSEE CONTRACTS & EXCHANGE
Making light work of paperwork
Nobody likes paperwork, right? Especially if it’s complicated.
Well, here’s the bad news. Exchanging contracts involves some seriously tricky paperwork.
But now for the good news. We can take care of it for you.
We will negotiate the price and terms of your offer and prepare the contract to be submitted to the seller, hammer out the details and make sure there are no hidden catches etc. That way, moving into your new home won’t come with any nasty surprises. We can take care of it for you by liaising with your chosen legal representative.
Resource-Full
A complete list of all the buyer resources we have available for you.
The decoy bidder in the check coat: Mark Errichiello
The second of our new faces to have a big impact on the day was buyer’s advocate Mark Errichiello, who appeared to have a client keen on securing at least one of the Island Cove Villa properties.
Known as bidder No. 24, he tick-tacked with other bidders on houses 4 and 3 before eventually dropping out of the race.
It was the auction of House 5 when he finally came out on top after fighting off four other bidders, winning Kristian and Mimi’s property for $2.93 million.
At the conclusion of all the auctions, it was revealed his client was actually Portelli.
So, why did a billionaire need someone to buy his home on his behalf?
“Who knows how it would have worked out if he [Portelli] was just there on his own, buying them all?” Errichiello asked. “Others may have competed with him a little bit more vigorously at times.”
“Portelli waited until after all five auctions had taken place to make his big reveal. The billionaire stunned the crowd when he revealed, post-auction, that he had bought every home on the show, directly or through his buyer’s agent. He also confirmed that he won’t be returning to bid again next season.”…
Watch: Billionaire bidder Adrian Portelli, makes a shock announcement as House 5’s secret buyer is revealed
Source: The Block, Nine Now, The Age, Domain
