Mal in hat

It was such a stress free and smooth experience due to your guidance through the process... I hope you are all managing okay under this extended lockdown in Melbourne. It’s been almost 6 months since we settled on our property in Port Melbourne and I just wanted to drop you a note to say that we are very settled and happy with our home. Thank you to Mal and the team at James Buyers for helping us se...


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mal@james.net.au

Mal in the Hat - Archives

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New Year’s Resolution – Be Smart on the Deal!

New Year’s Resolution – Be Smart on the Deal!
We were out and about again today – this time with Gina. It took time to find parking at all Open for Inspections as there were plenty of buyers window shopping – yes, all February auctions are online, but also most schools have started back this week too. The next 2 weeks should see March listings hit [...]
Auction stock is low, ditto last year. However unlike last year, more appears to be on the way according to our read of the mood of agents.

Auction stock is low, ditto last year. However unlike last year, more appears to be on the way according to our read of the mood of agents.

The Stat for 2017 – 82% of the first 100 homes in 2016 over $4m, were NOT sold under the auction hammer. Hey G’Day and welcome to 2017. Market Insight today – January 28th – there is too much happening to wait till Feb 11th.

The Stat for 2017 – 82% of the first 100 homes in 2016 over $4m, were NOT sold under the auction hammer. Hey G’Day and welcome to 2017. Market Insight today – January 28th – there is too much happening to wait till Feb 11th.

Welcome to 2017 – Back on the hustings today

Welcome to 2017 – Back on the hustings today

Clockwise visits today – no substitute for foot leather, listening, looking and listening again. 1st Slide Clockwise from top left: Malvern East:$2.5m?  – little cutie – no, not the agent John Manton – the house. Good crowds at the OFI. Hawthorn: $4m? Off -Market or Pre-Market? – good family home. Crowds – Only one! Armadale: $4m? Nice one – listening [...]
How to buy a Top End home well – it’s different!

How to buy a Top End home well – it’s different!

INTRODUCTION If I told you buying a home at the Top End is more about trust than money, would you believe me? Maybe, maybe not. Well this is a story about 3 homes involving strategy, dealmaking and truths at the Top of the Top End. Towers Road, Toorak (Marcus Chiminello) Bought 2016: James Home Rating 942/1000 Kooyongkoot Road, Hawthorn (Ross Savas / Jeremy [...]
Making Beautiful Decisions

Making Beautiful Decisions

Beautiful Decisions – Buy/Sell Welcome to our final series for the year – over the next three weeks we will try to highlight just how much is added to your life with beautiful decisions. This final 2016 series is about getting the most out of buying and selling a home via a beautiful decision. We are splitting the series [...]
It’s going to be a white (hot) Christmas

It’s going to be a white (hot) Christmas

Welcome to our 2016 Bumper Christmas Edition. In this, our last article for 2016 – the key to good sex, nothing about that American bloke and a segment on how to get $70,000 for free every year. Plenty of positives, but apologies we don’t seem to have any fake news! And to the Inner Melbourne Market. Wow, what a finish [...]
Struggling to see the sense in only considering land + build? Me too!

Struggling to see the sense in only considering land + build? Me too!

Big day today for auctions and, despite the fact that this year we are dealing in more properties away from auction than at auction – as a company we were involved in nine today – I’m zonked. We could not cover as wide a cross section of auctions (only 20) as it was all hands on [...]
We’ve got No Trumps today

We’ve got No Trumps today

Its 6.00pm Saturday and the James Clearance rate for $M+ Inner Melbourne is 88% on the 26 Auctions we covered today. James Bidderman, that is, bidders per auction, is 2.8. Super Strong. Big numbers of bought befores and look at the Volcanoes 48%. That means every second auction had 4 or more bidders and how about this; there were 15 bidders [...]
How To Negotiate Very, Very Well

How To Negotiate Very, Very Well

Welcome to our 3 Part Series on Negotiation Part 1 – Negotiation Noise Part 2 – What’s Really Important in a Negotiation Part 3 – How to Negotiate Well Hey you, what would you know about negotiation? You’re reading this article because you’re desperate to pick up a free morsel from me; the master, who has already beaten over a [...]
Have you been Powerlifted today?

Have you been Powerlifted today?

Its 6.00pm Saturday and the James Clearance rate for $M+ Inner Melbourne was 74% on the 31 Auctions we covered today – the same as last week. James Bidderman, that is bidders per auction, was 2.2 bidders per auction – the same as last week. Two things we saw today 1. Some huge Powerlifting of prices at post auction pass-ins – [...]
We are advising our clients to be patient. When it makes sense – buy.  When it doesn’t – don’t.  Which makes you ask – is all the Powerlifting we saw today post auction, really all that necessary – meaning did buyers have to go there?

We are advising our clients to be patient. When it makes sense – buy. When it doesn’t – don’t. Which makes you ask – is all the Powerlifting we saw today post auction, really all that necessary – meaning did buyers have to go there?

The Market is not all about the Auction

The Market is not all about the Auction

Its 6.00pm Saturday and the James Clearance rate for $M+ Inner Melbourne was 74% on the 23 Auctions we covered today – solid. James Bidderman, that is bidders per auction, was 2.3 bidders per auction – also a solid number. Interesting to note the spread across the board, at the Top End, was fairly even between ducks/lone rangers, norms and [...]
Still some very hot ones, but a few a little chilly.

Still some very hot ones, but a few a little chilly.

Its 6.00pm Saturday and the James Clearance rate for $M+ Inner Melbourne was a very solid 83% on the 29 Auctions we bid at or reported on today. James Bidderman, that is bidders per auction, was a little light on compared to recent weeks at 2.1 bidders per auction and there were a large number of bought before [...]
More strategic pass-ins and bought afters today

More strategic pass-ins and bought afters today

At 6.00pm Saturday, the James Million $+ Inner Melbourne Clearance rate was 85% – with a noticeable difference of more pass-ins and bought after’s. It’s safe to say, that in some cases, these were strategic pass-ins to a bidder which agents had singled out for special treatment. We say that, because Bidderman was still a healthy 2.55 [...]

Mal's Bio

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Mal James

Whether you are 30, 45 or over 60 James Buyer Advocates can show you (anybody) how to:

  • put a million dollars in your back pocket by making good, but very simple home buying decisions
  • live happier lives by being a happier home. (Harvard School of Public Health)
  • secure homes against the odds or secure homes when you absolutely have to.

We are a government licensed buyer advocates/agents.

James Buyer Advocates has 4 clear underlying principles:

Belief: Good Plan – Good Processes – Good Decisions – Good Outcomes
Purpose: To make a positive difference by matching perfect buyers with perfect homes, perfectly.
Ethic: Do unto others as you would like done unto you. And we say to all our advocates. You are the sum of your actions and we are the sum of your actions.
Way: A balanced way forward is enough.

Good Buyer Process and Good Decision Making is what we are all about.

G’day Mal James is my name and I’m a father, Buddhist (sort of), vegan (mostly), Collingwood supporter (always) and founder of James Buyer Advocates. I live in a compound of 3 homes in Inner Melbourne with my parents, children and wife – it’s an interesting way to live and I have lived here for 23 years.

I have been involved in buying over 1000 homes, my first in 1985; which was for myself and a disaster (wrong property, wrong position, wrong price). It forced me to think about buying a better way, which in turn lead to the patented buyer industry standard James Home Ratings.

Real Deals we have walked over broken glass for:
  • $400,000 savings in 72 hours at a pass-in
  • $1,000,000 saving (not once but twice on pre auction offers NOT being made)
  • $230,000 saving by not opening our mouth.
  • Great homes that meet clients stated outcomes
  • An $8,000 saving that took almost 6 hours to negotiate after an auction. Not much hey – it was my client’s $8,000 not mine

Real Deals we walked away from:
  • Conflict: A potential client was referred to us, rang us and wished to engage us to buy a home for $8,000,000 in Toorak. We already had an existing client, although we knew our existing client didn’t have enough $. Nonetheless we said no to the potential client who went and bought the home. We bought for our existing client at $4,000,000 in Bayside at a later time.
  • High Price: We were asked for price valuations on a $5,500,000 home in Hawthorn East. We gave them and negotiated for 8 months. We recommended walking away. After 12 months that home is still for sale and our client bought another home (without us) and we are OK about that. Their written referral is in our testimonials.
  • No Client Value Add: We “sacked ourselves” on a $4,000,000 and a $3,000,000 recently as we felt whatever we were doing wasn’t providing any value to them and if we don’t add value we don’t want a fee.
  • Wrong Home: We are not “yes” men/women and if you ask us our opinion on a home in relation to your stated outcomes then we will give it. If that opinion offends you to such a degree that you leave, then we accept that as a cost of ethical business. This comment has nothing to do with “good taste” – we are not the arbiters of good taste, you are.

Guides we have given to our great writers, thinkers, doctors, scientists, movie stars, sports people, business people and mums who have become clients.

  • History repeats itself unless you break the cycle
  • Good decisions and bad decisions take the same amount of time and angst – only the quality of the prep is different.
  • Time heals or hides nothing in Melbourne property, it only accentuates.
  • No definition of value maintains its rigor for all men and women accept value to you.
  • In negotiation the closer you are, the more you talk about money and the more you talk about money the further you drift away from getting what you really want.

I can give younger (and older) people $1million for free if they want it.

In 2014 I was asked to write a series of 7 articles for The Age, Domain and The Weekly Review to help young homebuyers on life’s journey. The theme I chose was put a million dollars in your pocket by doing nothing else other than making a good decision.

Young Apartment Buyer In 2000 a young home buyer could have bought an apartment in Docklands at 15 Caravel Lane for $507,500 and resold it for $576,000 in 2014. Young Inner Melbourne Buyer Around 2000 you, as a young home buyer could have spent similar money on a family home in Celia Street Glen Iris $493,000 and sold again in 2014 for $1,500,000.

That’s a million dollars – gratis.

Series can be found at click here: http://www.theweeklyreview.com.au/property/news/10242-young-buyers-guide-week-6/#.VDhCmtSUddU

Here would be my opening conversation lines for other buyers.

Downsizers - Is the sqm rate $8,300 or $12,100 and did you measure the home to find the claimed 220 sqm was actually 180 sqm making that a $326,000 (mis)calculation.
Growing Families - Good homebuying is cheaper than divorce and at 1% I’m cheaper than a lawyer.
Single Women - Let me show you why a car park is so important on financial and emotional fronts.
Overseas - How would I go buying a home in the area you are living in now with a blindfold on?
Divorced Men - You need a rock to rebalance on – but quite possibly that rock is not a gem
Trophy Hunters - Who came second in the 2012 Brownlow.
Investors - You’re boring and I’m boring and that’s the type of ideal investment result we will produce together.

Fees, money, worth?
I am probably very much like you – I would never pay somebody to do a job I could do myself (well) and I would never agree to a fee where I saw value provided as being less than the fee. I’m sure the hundred or so clients of ours felt exactly the same as you last year before they engaged us and after they paid us.

Buyers engage me to buy well for them and I do on many occasions. Each year I buy between 50 and 100 homes. In early 2014 James Buyer Advocates had an 84% success rate for our clients – yet we pursued less than 1% of the homes we assessed.

At James we don’t have monthly budgets, growth targets or bonus schemes. What we have is peer review, mindfulness, rigorous training programmes, negotiation councils, meaningful work and client agreements that state if you (the client) are not happy then you can stop at anytime (no charge if we haven’t found a home).

All our co-workers are paid above industry averages.

Personally I’m all about doing a job I love and I’d like to work until I’m 83 if in a healthy state. I don’t believe in superannuation, turnover targets nor maximising profits. But I do believe in planning and going for it. I try and meditate regularly and encourage all our co-workers to work on average 38-42 hours per week with around 10 weeks holiday a year AND to be in balance with themselves and their family while still maintaining a healthy edge for “game days”.

What and where over $1m do we buy James Buyer Advocates’ geographical and financial focus is $M+ Inner Melbourne, however one of our more intricate purchases was the sourcing and purchasing of land for Torquay Council for $15 million and then getting it through various committees and multiple levels of local and state governments – in other words the selection, values and deal stood up to mass scrutiny. And guess what, the Torquay CEO hired us off our website, so you can too.

I personally have bought a number of homes over $10million in Boroondara, Bayside and Stonnington, but my “sweet spot” is the family home in the $2m to $6m range where each week I buy (or pass) on behalf of professionals, doctors in particular, both on and off market (unadvertised). I much prefer this kind of emotional transaction to buying an investment property – but I do buy a number of them each year.

Having said that we get much of our work through personal referral – unfortunately repeat client business is slow as most seem to be happy in their homes and don ‘t want to buy another – how thoughtless of them.

While a number of our negotiations and pricing estimates are in public situations such as auction; there is also a large number that happen away from gaze of the public where our involvement is unknown (off markets, expressions of interest).

I/we act for overseas (expats) and local clients and people of all nationalities including many non English speaking clients – although I get help as my Chinese, Spanish, French or Indian is not that good. Siento. 對不起. Désolé. खेद

Relationships Agents - I have excellent working relationships with all key selling agency directors – as it simply doesn’t make sense not to. Ask them yourself.

Old school tie - Dangerous and that’s coming from a grammar boy. Recommendations based on performance – yes. Recommendations solely based on Old school ties or friends – no. The cost to you is often way too high.

Negotiation

OK how would I negotiate a better deal for our two young homebuyers

Young Apartment Buyer who bought in 2000, an apartment in Docklands at 15 Caravel Lane for $507,500 and resold it for $576,000 in 2014. Young Inner Melbourne Buyer who spent similar money in 2000 on a family home in Celia Street Glen Iris $493,000 and sold again in 2014 for $1,500,000.

How about this? If with some brilliant negotiation you could have got the Caravel apartment for $400,000 then would Caravel Lane have been a good negotiation?

This is how we would best negotiate Caravel Lane – we wouldn’t.

This is how we’d best negotiate Celia St – we’d get it for a client, even if it meant paying a bit extra.

Finally if you’ve read this far then you deserve from me a coffee or a juice.

My work mobile is 0408 107 988 or my public email is mal@james.net.au or if you see me in the hat and suit just come up and say hello.

We can meet if it makes sense to you. I’ll toss you for the coffee – see I can be frugal.

Lets sit down together and really understand your PPP’s (price, property, position) requirements and how they can better be FFF’d (Five year, flexible, future proofed) to your benefit.

Thank you for your time

Mal James

James Buyer Advocates promises if you contact us

We will not
  1. Pass your details to anybody, without your express permission – we promise.
  2. Follow you up or continue to ring you unless you want us to – we promise.
  3. James has a no database and no email policy. If you ring us and you feel we are not for you, then you will not go onto our database (unless you want to) – we promise.
We will
  1. Tell you if we have an existing client on a home before you tell us anything - we promise.
  2. Talk to you openly about values, quality, and negotiations on the home you ring us about – we promise.
  3. Before you decide to use us, give you a written quote of our fees. We will never charge more than our written quote – we promise.

My work mobile is 0408 107 988 or my public email is mal@james.net.au or if you see me in the hat and suit just come up and say hello.