Oceanview home walk to Manly beach purchased $500k under asking price
▉ REGION: LOWER NORTH SHORE & NORTHERN BEACHES
▉ CLIENT: DOWNSIZERS
▉ BUDGET: $8M
Webb & Co. purchased a beachfront home in Queenscliff well under guide.
Background
Webb & Co. assisted downsizers in acquiring a new home in the Queenscliff area, part of the Lower North Shore and Beaches region. The clients, transitioning from a larger property in the Upper North Shore, were looking for a beachfront home that was both practical and within their budget of $8 million.
Challenges
This task presented several distinct challenges:
Specific Requirements: Our clients were not only looking to downsize, but also had specific family requirements for their new home which meant that a more targeted and strategic search was required.
Location Specificity: The clients initially began the search with very wide parameters - from Surry Hills to Dee Why. Through gaining a detailed understanding of their lifestyle requirements and long-term goals with the new property, our team were able to refine their search criteria and streamline the search.
Market Dynamics: The property market in the North Shore and Lower Northern Beaches is highly competitive, especially for beachfront homes. This competition necessitated a strategic approach to secure a property that met the clients' criteria.
Strategy
Under the guidance of Principal Buyers Agent Annabelle Webb and Founding Agent Billy Gleeson, Webb & Co. took a proactive and targeted approach. They specifically focused on off-market and pre-market homes across the region, honing in on a particular street that matched the clients' preferences. This approach allowed for a more efficient search and negotiation process.
Outcome
The team's efforts were successful, leading to the purchase of a beachfront home in Queenscliff. Webb & Co. negotiated the price to more than $500k below the property's asking price of $7.55 million, securing a deal that not only met but exceeded the clients' expectations in terms of both location and budget.
