Fully renovated bungalow bought pre-auction
▉ REGION: WILLOUGHBY
▉ CLIENT: YOUNG COUPLE
▉ BUDGET: $4.4M
Webb & Gleeson Buyers Agency secured a fully renovated bungalow home ahead of fierce competition.
Background
Webb & Gleeson successfully secured a fully renovated bungalow home for a young couple in Willoughby, with a budget of $4.4 million. Principal Buyers Agent Annabelle Webb and Founder Billy Gleeson assisted the couple, aiming to buy their first home in the competitive Lower North Shore area.
Challenges
The couple's property search involved several key challenges:
Short Search Duration: The couple had been searching for only 7 weeks, a relatively short period to find a suitable property in a high-demand area like Willoughby.
Specific Home Requirements: They were looking for a fully renovated California Bungalow, a particular style of home that can be scarce in the market.
Competitive Market: Securing a property in Willoughby, especially one that meets specific criteria like being fully renovated, often involves competing with other potential buyers.
Strategy
Webb & Gleeson implemented a targeted approach. The team sourced multiple off-market and pre-market homes, focusing on properties that aligned with the couple's specific requirements. They prioritised understanding the vendor's motivations to sell, which was crucial in positioning the couple as attractive buyers.
Outcome
Their strategy led to the successful acquisition of a California Bungalow in Willoughby. Webb & Gleeson managed to secure the property well under the couple's budget and ahead of any competition. This success was a testament to the team's understanding of the local market and their ability to effectively negotiate on behalf of their clients.
