Case study: Off-market deal

by Dave Luhrs on Oct 21, 2024
Article appears under: Christchurch, About Property Investment, Case Studies, Your Expert Team

Last month. an experienced property investor reached out to us with a desire to sell his multi-income property privately. He was looking for a quick, seamless transaction without the usual hassle of marketing, disrupting tenants, or vacancy. After a brief conversation, we identified that this property was an excellent match for one of our premium clients who had been actively searching for something similar.

The Match and Offer

On the same day that the investor contacted us, we presented the property to our client. She immediately expressed interest and we made an offer based on detailed photos, condition reports, and an exterior video. Trusting our process and expertise, she was confident in moving forward without needing to see the property in person first. Within a week, an agreement was reached at a fair price that satisfied both parties.

Due Diligence Period

The seller was given a two-week due diligence (DD) period to finalise his refinance plans following the sale. Our client then commenced two weeks DD which included one site visit for all the professionals we arranged (building and drainage inspectors, valuer, and myself). I provided a detailed video walkthrough and once satisfied with most aspects, we arranged a second visit for the client to view and meet with trades to discuss and price out an exterior repaint. 

Thanks for all your help on the sale. We’re stoked with how it all went. We couldn’t recommend you enough for anyone looking to sell an investment property, especially one with tenants already in place.

Tenant and Property Management Continuity

Throughout the process, the Property Managers and Tenants were informed, ensuring minimal disruption. The tenants were reassured of their ongoing tenancy and the Property Managers were pleased with the continuity of management. The transition between owners took place seamlessly in the background. The property remained fully tenanted throughout, with no vacancies or interruptions, safeguarding tenant security and investor income.

Hassle-Free Sale

As this was a private offer from our Buyer's Agency client, the investor benefited from a quick sale without real estate fees or marketing costs, cleanup, staging, vacancy, or open homes. By selling directly to one of our Premium Clients, he received a fair offer within days of contacting us. Our client, meanwhile, acquired a fully tenanted, high-performing asset with minimal complications.

Conclusion

This case exemplifies how iFindProperty’s tailored matching service can deliver a smooth, off-market property transaction, providing a win-win for both sellers and buyers. The property never even made it to our public database—matched directly to a premium client within hours. If you're considering selling your investment property, reach out to us first to see if we can match it with one of our pre-qualified buyers for a quick and easy sale.