{"id":21611,"date":"2018-07-04T01:00:32","date_gmt":"2018-07-03T15:00:32","guid":{"rendered":"https:\/\/realestatetalk.com.au\/?p=21611"},"modified":"2018-07-04T01:00:32","modified_gmt":"2018-07-03T15:00:32","slug":"why-people-trust-rich-with-their-savings-rich-harvey","status":"publish","type":"post","link":"https:\/\/channels.realty.com.au\/realtytalk\/why-people-trust-rich-with-their-savings-rich-harvey\/","title":{"rendered":"Why people trust Rich with their savings \u2013 Rich Harvey"},"content":{"rendered":"

Have you seen \u201cBuying Blind\u201d on Channel 9?\u00a0 I wasn\u2019t sure I would like it because the thought of someone buying a property without seeing it or knowing anything about it until they move in is reckless and ill advised.\u00a0 But as we tell the star of the show, Rich Harvey<\/strong>, it is quite engaging.\u00a0 We find out if it is real.<\/p>\n

Transcript:<\/strong><\/p>\n

Kevin:\u00a0\u00a0<\/strong>I don\u2019t know about you, but I\u2019ve been watching\u00a0Buying Blind<\/em>. I wasn\u2019t quite sure if I\u2019d enjoy the show. It\u2019s on Channel 9, and Rich Harvey is going to be joining me in just a moment. Rich is a buyer\u2019s agent who we\u2019ve had on the show in the past, a very talented guy, and he\u2019s one of the stars in the series. He joins me.<\/p>\n

Good day, Rich. How are you doing?<\/p>\n

Rich:\u00a0\u00a0<\/strong>Very good, Kevin. Really nice to chat with you again.<\/p>\n

Kevin:\u00a0\u00a0<\/strong>I did say to you off air that I wasn\u2019t 100% sure I was going to enjoy it, but I watched an episode the other night and I really got into it. I thought it was quite refreshing. The reason I wasn\u2019t sure if I\u2019d like it is because the concept is a bit crazy, about buying blind, giving someone carte blanche to go out and spend your money.<\/p>\n

Rich:\u00a0\u00a0<\/strong>It is a very scary concept, Kevin, and I appreciate your feedback. It\u2019s great to get that really positive feedback. In fact, a lot of people have said the same thing. They go \u201cOh, not another property show,\u201d but once they see it, they realize that it\u2019s actually a journey of people\u2019s lives.<\/p>\n

Yes, we have renovation and we\u2019re buying houses, but it\u2019s more about the couples on the show and just the struggles they\u2019ve had and how we have to solve their issues. That\u2019s what\u2019s really enjoyable. And every couple is different; every one has a different dilemma. But I have to say the concept is pretty out there.<\/p>\n

Kevin:\u00a0\u00a0<\/strong>Can I ask you this, though? We know in the land of television, they go for lots of drama and hype, and a lot of it is false. Please answer me honestly if you can, how much of what we see is real? Are we seeing a real thing here?<\/p>\n

Rich:\u00a0\u00a0<\/strong>Absolutely, Kevin. It\u2019s 100% real. There\u2019s actually more drama off air, as well, to be honest. There\u2019s even more stress. It\u2019s no wonder I haven\u2019t any hair left.<\/p>\n

Kevin:\u00a0\u00a0<\/strong>You didn\u2019t have much before you started, mate, let\u2019s be frank.<\/p>\n

Rich:\u00a0\u00a0<\/strong>And Marshall makes a few jibes along the way as well. Look, it\u2019s absolutely real. The buyers have to sign over a power of attorney, which gives me the authority to buy the home without them seeing it, and then we renovate it and we reveal it.<\/p>\n

Kevin:\u00a0\u00a0<\/strong>Where do you get the people from?<\/p>\n

Rich:\u00a0\u00a0<\/strong>They did some sort of Facebook campaign, I believe. They advertised, and they got a number of takers, and they had to then whittle it down to just six couples.<\/p>\n

But it was an absolute privilege to be asked to be on the show. It\u2019s an honor to be on it. It is an amazing concept, and the point is that it was an amazing leap of faith for each of these couples.<\/p>\n

It was a lot of hesitation. I literally walk up to the front door and I\u2019ve never ever met these people before. They have a camera either side of the door, and that\u2019s literally the first time I meet them. I never meet them before that moment.<\/p>\n

I\u2019ve read their brief, I know a little bit about them on paper, but that\u2019s all there is. It\u2019s all real. It\u2019s real money, it\u2019s real drama and real life, absolutely.<\/p>\n

Kevin:\u00a0\u00a0<\/strong>Has anything gone wrong so far?<\/p>\n

Rich:\u00a0\u00a0<\/strong>There have been a few properties we missed out on, and that was really frustrating. And that gets shown in the series, certainly. I guess one of the biggest issues we have on this show is that they all have limited budgets and quite unrealistic expectations. And that\u2019s one of the things that we have to do.<\/p>\n

Particularly my job as a buyer\u2019s agent is to say to these buyers \u201cLook, I know you would love a five-bedroom home with a swimming pool, but you just can\u2019t have it. You don\u2019t have the money for it.\u201d<\/p>\n

I think Lis and Allie were the most realistic couple with the smallest budget, they\u2019re in the second episode. They were buying near the Dandenongs about an hour out from Melbourne, and they had actually trained their kids to sleep in one bedroom because they thought they were moving to a two-bedroom unit. They had a budget of $550,000, they managed to increase that to about $600,000, and then I was able to buy them the house, and they ended up with a three-bedroom house. And they were just a lovely couple, eternally grateful.<\/p>\n

Kevin:\u00a0\u00a0<\/strong>The one I saw was where they had a really detailed list, they\u2019d studied it for years and years, and they knew exactly\u2026<\/p>\n

Rich:\u00a0\u00a0<\/strong>Yes, that was Mags and Tyson.<\/p>\n

Kevin:\u00a0\u00a0<\/strong>Full marks to them, they obviously were on an absolute journey. They saved a lot of money. When I watched it, I thought, wow, because they\u2019ve spent so much time getting ready for this, this means a lot to them. For them to give that up to you was a big leap.<\/p>\n

Rich:\u00a0\u00a0<\/strong>You know what? Mags had been saving up since she was 14 years old. She was a very particular person, and also Tyson, very exacting in his requirements. They\u2019d actually ranked all of their 26 criteria in a multi-criteria analysis. And being an economist, I didn\u2019t mind looking at that, but what we had to actually do was break them down.<\/p>\n

One of the things we did that didn\u2019t make the edit was we actually got them to a point where I got Tyson to rip up the spreadsheet and tell us just the top five things that he wanted. Because at the end of the show, you see me with a piece of paper taped together.<\/p>\n

Kevin:\u00a0\u00a0<\/strong>All torn up. Yes, that\u2019s right. I wondered why you tore it up, actually.<\/p>\n

Rich:\u00a0\u00a0<\/strong>Well, it wasn\u2019t me; it was actually Tyson. We actually got him to the point of understanding a realization. \u201cYou know what? I might have to give up all of my criteria just to get into the market for what I really want.\u201d But as it turned out, I got 24 of the 26 things anyway, and they were just over the moon.<\/p>\n

Kevin:\u00a0\u00a0<\/strong>It must be really rewarding for you to go through that journey and then see the delight on their face. What\u2019s it like when you take the blindfold off? Do you think \u201cOh, god, I hope they like this?\u201d<\/p>\n

Rich:\u00a0\u00a0<\/strong>Well, the first thing is their pupils are dilated, so they can\u2019t see anything for about three seconds. But after they adjust to the light, they go \u201cOh, wow.\u201d And I\u2019m intently looking at their faces to go \u201cDid we do it?\u201d All three of us are standing there going \u201cGosh, I hope they like it. Otherwise, we\u2019re in big trouble.\u201d<\/p>\n

Kevin:\u00a0\u00a0<\/strong>What does happen if they don\u2019t like it? I think it was Mags who said, \u201cOh, well, if we\u2019re going to sell it, we sell it.\u201d Is that the only outcome for them?<\/p>\n

Rich:\u00a0\u00a0<\/strong>Absolutely, there\u2019s no going back. The contracts are signed, it\u2019s in their name, the renovation work has been done, the money has been spent, so the only thing they can do is live with it, or if they don\u2019t like it, sell it. But we\u2019ve added value, so I think they\u2019d be able to sell it with a little bit more equity up their sleeves.<\/p>\n

Kevin:\u00a0\u00a0<\/strong>Do you plan to go back and revisit them after 6 or 12 months?<\/p>\n

Rich:\u00a0\u00a0<\/strong>I haven\u2019t planned to yet, but yes, we could certainly think about that if we need to. I know that the series producers went back a month after they had moved in just to touch base. I think that gets shown on air, just how they\u2019re tracking.<\/p>\n

But as far as I\u2019m aware, they\u2019re all absolutely loving their property. I got a few messages from them saying \u201cCouldn\u2019t have done it without you, absolutely love it, changed our lives.\u201d So, as you said, it\u2019s incredibly rewarding to help these people on their journey.<\/p>\n

Kevin:\u00a0\u00a0<\/strong>It has to be great for your business, too. Rich\u2019s business, by the way, is PropertyBuyer.com.au. It has to be great for your business, Rich?<\/p>\n

Rich:\u00a0\u00a0<\/strong>Absolutely. I hope it showcases exactly what a buyer\u2019s agent does. It\u2019s not the typical way we lead clients with a blindfold on, but it certainly showcases the steps we have to go through. And with this show, we have to decide the compromises for the clients, whereas normally, it\u2019s a discussion with a client along that journey of helping them to choose the right home.<\/p>\n

Kevin:\u00a0\u00a0<\/strong>How many episodes in the series?<\/p>\n

Rich:\u00a0\u00a0<\/strong>Six in total. We\u2019ve had three, and there are three to go.<\/p>\n

Kevin:\u00a0\u00a0<\/strong>And is there another series planned?<\/p>\n

Rich:\u00a0\u00a0<\/strong>I don\u2019t know yet. I guess it depends on the ratings.<\/p>\n

Kevin:\u00a0\u00a0<\/strong>And how are the ratings? How are they going?<\/p>\n

Rich:\u00a0\u00a0<\/strong>They\u2019re actually doing pretty well. It\u2019s in the top ten, so it\u2019s certainly up there. I think a lot of people, as you say, have a bit of property fatigue with some of the shows, but I think this one is refreshingly different and it has a more personalized story to it. And that\u2019s what I love. I love the fact that the couples had to give up control.<\/p>\n

Some of them were ready to sign over straight away, within five minutes, like Fotis and Jess, the first episode. It was so funny. He was just a lovely guy and he couldn\u2019t wait to sign the piece of paper. He goes \u201cLook, Rich, I\u2019m over it. I\u2019m ready to go.\u201d And others are like \u201cOh, gosh, it\u2019s a huge\u2026 Can you give me a think about it?\u201d and we have to wait half an hour for them to think about it before they put pen to paper. But the end result so far has been really positive.<\/p>\n

Kevin:\u00a0\u00a0<\/strong>Good talking to you, Rich Harvey. Rich is the star of the new show on Channel 9 called\u00a0Buying Blind<\/em>. Check it out for yourself. It is refreshingly different.<\/p>\n

Mate, well done, congratulations. I look forward to talking to you again soon.<\/p>\n

Rich:\u00a0\u00a0<\/strong>Good on you, Kevin. Thanks again.<\/p>\n","protected":false},"excerpt":{"rendered":"

Have you seen \u201cBuying Blind\u201d on Channel 9?\u00a0 I wasn\u2019t sure I would like it because the thought of someone buying a property without seeing it or knowing anything about it until they move in is reckless and ill advised.\u00a0 But as we tell the…<\/p>\n","protected":false},"author":176692473,"featured_media":21601,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[32,7,10,11,13,36,25],"tags":[101],"class_list":["post-21611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-buying-a-property-topic","category-case-studies","category-kevin-turner-sponsored-channels","category-kevin-update","category-latest-story","category-property-investment-topic","category-sponsored-channels","tag-podcast"],"yoast_head":"\nWhy people trust Rich with their savings \u2013 Rich Harvey - Realty Talk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/channels.realty.com.au\/realtytalk\/why-people-trust-rich-with-their-savings-rich-harvey\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why people trust Rich with their savings \u2013 Rich Harvey - 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