Downsizer penthouse apartment secured ahead of 10+ contract holders
▉ REGION: LOWER-NORTH SHORE
▉ CLIENT: DOWNSIZER
▉ BUDGET: $2M
Downsizer apartment purchased ahead of competition.
Background
Webb & Co. successfully secured a highly sought-after penthouse apartment for a local downsizer in Lane Cove, operating within a budget of $2 million. The client, facing time constraints to find a new home before the settlement of her previous property, enlisted Webb & Co.'s services after spending a significant period in the market.
Challenges
The client encountered several key challenges in her property search:
Time Pressure: With the impending settlement of her previous property, there was a significant time constraint to secure a new home.
Competitive Market: The client was looking in a market where desirable properties, such as large penthouses, are in high demand and often attract multiple interested buyers.
Specific Property Requirements: As a downsizer, the client had specific needs for her new home, focusing on finding a spacious and comfortable penthouse.
Strategy
Principal Buyers Agent Annabelle Webb and Founding Buyers Agent Billy Gleeson from Webb & Co. took an active approach to meet these challenges. They focused on sourcing both on and off-market properties, tapping into their extensive network to uncover unique opportunities. Their strategy was to identify a property that not only met the client's requirements but also positioned her as the most attractive buyer to the vendor.
Outcome
Their efforts led to the discovery of a large, 3-bedroom penthouse with a 93sqm terrace. Despite the property being in high demand with more than 10 contracts already issued, Webb & Co.'s strong relationship with the agent and their negotiation skills allowed them to secure the property pre-auction and ahead of competition. The home was acquired within the client's budget, ensuring a smooth transition for her to start a new chapter in her life.
