Client Profile
- Location: Lane Cove, Sydney
- Buyer Type: First home buyer
- Goal: Purchase a 2-bedroom apartment in a low-rise block near shops and transport, within a budget of $900,000 to take advantage of first home buyer concessions
Situation
Our clients, first home buyers with limited time, were seeking a 2-bedroom apartment that met the following criteria:
- Close proximity to shops and transport for convenience
- Located in a low-rise block with a green aspect for a peaceful environment
- A purchase price under $900,000 to take advantage of first home buyer benefits
They were eager to move quickly as their lease was ending and engaged us to streamline the search, manage agent interactions, and secure the right property within their budget.
Challenges
The search for an ideal first home in Lane Cove presented unique challenges:
- Time Constraints: The clients needed to secure a property quickly before their lease ended.
- Competitive Market and Budget Limit: With a tight price cap under $900,000, the clients were competing within a high-demand segment.
- First Home Buyer Considerations: As new buyers, they required guidance on market dynamics and negotiation strategy.
Our Approach
To meet the client’s needs, we focused on exclusive off-market access, efficient property inspections, and rapid negotiation.
- Off-Market Search and Limited Competition
Leveraging our network, we gained exclusive access to an off-market property that matched the client’s criteria. This 2-bedroom apartment in Lane Cove featured a green outlook, was set back from the street, and offered over 80 sqm of renovated space. With only a handful of other buyers aware of the listing, we were positioned to negotiate with minimal competition. - Efficient Inspections and Due Diligence
After inspecting the property on Saturday, we conducted immediate due diligence, assessing the property’s condition, market value, and suitability for the clients’ needs. This rapid process enabled the clients to feel confident in making a decision quickly. - Swift, Strategic Negotiation Below Budget
By acting decisively, we presented an offer within 48 hours that secured the property under the client’s budget and below the seller’s expectations. This efficient negotiation ensured they could take advantage of the first home buyer concessions without exceeding their financial limit.
Outcome: Securing a Spacious, Renovated Apartment in Lane Cove Below Budget
Within a three-week search, we successfully secured a spacious, renovated apartment in Lane Cove with a peaceful, green aspect. Our rapid, off-market strategy allowed the clients to purchase the property for less than their budget in a highly competitive market, enabling a seamless transition from renting to owning.
Key Benefits to the Client
- Exclusive Off-Market Access: Presented unique property options, reducing competition and expanding their choices.
- Efficient Process and Negotiation: Secured the property below budget within a short timeframe, meeting their urgent needs.
- Comprehensive First Home Buyer Guidance: Offered expert advice throughout the process, ensuring a confident and stress-free purchase.
