The power of “nice”

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As it was my day off I only went to look at one property today. I tend to only look at stuff with 7 figures now so I have less competition.

Anyway after meeting the vendor we got talking about Fiji and various other things. Bythe end of the conversation I knew that there were several options with the property and numerous opportunities to do a JV with the vendor, if I so chose.

Had I not taken the time to talk, all I would have had was a viewing of a property for sale.
Now to be fair the vendor was a lovely guy so talking to him was no chore, but I still came away wondering how many other people would have bothered to spend the time.

Let me explain how important the little bits of information can be.
This is a potentially subdivisible property for sale for around a million dollars.
Had you rocked up and looked at it you would have decided that basically asking price was full retail and the subdivision could be a drama so you would look around and leave.

However by the time I left I had the following

1. Copy of survey plan of the site for subdivision
2. Copy of letter from Manukau Water confrming that the site could be subdivided
3. Knowledge that very long term settlement was the preference of the vendor as they were going to have to go and rent elsewhere and didn’t want to leave in a hurry
4. Knowledge that the vendor would love to keep half the site and build again and would entertain any JV ideas I might have.

So items 1 and 2 save me around $1000 in surveyors bills as I already have proof of subdivision at no cost.
Item 3 is a license to print money. Makes the deal no money down with say a year to onsell.
Item 4 gives me the opportunity to own a prime waterview section for around 250K less than it is worth, which I could then sell AND I wouldn’t need a cent of my own money to do it.

I know all this because I spent half an hour taking an interest in another human being.

It is 7:30 PM. I viewed the property at 4:30. I already have it possibly onsold but know that it is a great deal and I can pay full asking because I can structure it to be a deal.
There is going to be at least 100K profit in the property, possibly as much as 250K.
So that was my afternoon off, how has yours been ??