We featured an oceanfront apartment for sale as "property of the week"on our website www.brazbeachhouse.com back in September and received an inquiry shortly after-wards.The gentleman just wanted to see some more interior photos before committing to purchase but basically wanted the property and was prepared to pay the asking price if necessary.
After providing the additional images and itemizing the furniture included he agreed to buy.
We were able to get him a 20%reduction in price and nearly all of the furniture so he was pretty happy with the outcome!
The following week we advertised another oceanfront villa on our homepage.This property was on special offer at a 50% discount in Euros and at a price well below it`s market value.Sensing a bargain and not one to miss out on an opportunity,the same guy made an offer on the spot which was accepted.The house had some expensive antique furniture which remained and we managed to secure a 5%discount on the sales price.
After making deposits on both properties and signing two purchasing agreements he came over to Natal last month(for the first time)to see what he was getting for his investments.He really loved what he saw so we organized his tax registration number(c.p.f)and he made a power of attorney for me to sign the deeds over in his absence.We also discussed how best to property manage his new assets.He then went back home,the deeds were prepared,final payments sent with title`s transferred and registered in his name.
Sale completed,job done,break out the champagne!!!Not quite............
After-sales work has just begun,,,,,,
We are now making the final touches to his apartment after re-decorating/furbishing and have set the wheels in motion to get it rented out for a minimum 10%return for the first year and beyond.I have personally guaranteed to pay this in cash by 2011 as I am really confident we can attain this target.
As for the beachfront villa he bought...it is located further up the coast,in a quieter resort so not as easy a prospect for all-year round rentals however we connected the new owner with the director of NatalOceanClub(a new 5 star spa resort) just next door.They have agreed to include the property in their hotel rental pool after upgrading to 5 star standards(the renovation will cost around 20,000euros)The contract is for 5 years,the projected returns are well over 10%per an-um and the owner will have full access to the resort facilities with complete property management.Property appreciation is likely to be significant as this tie-in starts to bear fruit and the surrounding area develops further.
We have built up a great relationship with this client over a short-period of time,being in almost daily contact for the past 2 months and we hope to continue being of service to him for many years to come!
UPDATE JULY 2011
The client has now bought 2 more properties from us since this post.
Here are the homes he has purchased up until now;
http://www.brazbeachhouse.com/properties-details,,96,2010
http://www.brazbeachhouse.com/properties-details,beautiful-clifftop-villa,1,2010
http://www.brazbeachhouse.com/properties-details,fully-furnished-luxury-beachfront-villa-for-sale-in-genipabu-natal,10,2010
http://www.brazbeachhouse.com/properties-details,beachfront-house-rock-bottom-price,4,2010
To be continued.......
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