Hot Seller Tips Hot Seller Tips - Adam de Jong | Page 30
Hot Seller Tips
The Property Deal Gone Wrong that
Went Right (or How I Found $35,000)
Here is how I discovered there was such a thing as ‘Home Staging’, and what
an amazingly powerful strategy it is!
In 2007 I decided to take my love-affair with property to another level – I
wanted to be a full-time property investor. The first thing I did was move
from the Sunshine Coast (Queensland) to Brisbane. The second thing I did
was invest in a 12-month property mentoring program, and after learning the
specific skills I needed, the next step was to find my first project. I searched
long and hard for my first ‘deal’ and finally found a renovation project where
the numbers ‘stacked up’. In December 2007 I bought one of the ugliest
homes I could find. I was so excited!
And what happened next? Yes, you will probably remember the market
spectacularly crashed in 2008. The GFC hit big-time. So my plans for a fullblown
renovation had to change and I needed to turn my project into a fast,
cosmetic renovation and sell as quickly as possible to avoid losing money.
Plan B included focusing on painting (inside and out), carpeting, new blinds,
minor cosmetic changes in the kitchen and a completely new bathroom.
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