Mosman Penthouse bought Off Market with no competition
▉ REGION: MOSMAN
▉ CLIENT: DOWNSIZER
▉ BUDGET: $6M
Webb & Gleeson targeted and secured an Off Market penthouse in Mosman with no competition.
Background
Webb & Gleeson successfully assisted a local downsizer in Mosman with a budget of $6 million to acquire an exclusive off-market penthouse. The client had been searching for over two years and engaged Webb & Co. for their expertise in accessing unique properties.
Challenges
The client faced several obstacles in their property search:
Prolonged Search: Searching for more than two years without success highlighted the challenges in finding a suitable property in the Mosman area.
Specific Property Needs: As a downsizer, the client had particular requirements for their new home, including a penthouse that provided both luxury and practicality.
Exclusive Property Market: Finding a property like a penthouse in Mosman, known for its high-end real estate market, often involves competing with other buyers.
Strategy
Webb & Gleeson led by their experienced team, focused on sourcing off-market and confidential listings. They targeted a specific penthouse that had sold only one year prior that matched the client's requirements and employed a strategic approach to ensure they were the only buyer aware of the property's availability.
The property was not ‘For Sale’ but rather was one that our team directly targeted through our local network and extensive research.
Outcome
Webb & Gleeson’s strategy was successful. They developed a tailored negotiation strategy and secured the penthouse for the client in the $5.5 million range, under the budget. This was a notable achievement in Mosman's competitive property market, especially considering the lack of competition and the client's specific needs.
