Client Profile
- Location: Randwick, Sydney
- Buyer Type: First home buyer
- Goal: Purchase a sunny, two-bedroom apartment in a low-rise building close to local amenities
Situation
Our client was seeking her first home in Randwick. Key priorities included:
- Proximity to shops and amenities to support a convenient lifestyle
- A low-rise building with limited stairs for easy access, particularly with frequent visits from her parents
- A sunny aspect and spacious layout to enhance her living experience
With a competitive budget and specific requirements, she engaged us to streamline the search, handle due diligence, and secure the right property.
Challenges
The search for an ideal two-bedroom apartment in Randwick presented unique challenges:
- Competitive Price Point: Finding a quality two-bedroom apartment within budget in Randwick required careful property selection.
- First Home Buyer Considerations: As a first home buyer, the client needed guidance on market conditions, property valuations, and negotiation strategies.
- Limited Availability: The client’s preference for low-rise buildings with minimal stairs narrowed the pool of available properties.
Our Approach
To meet the client’s needs, we focused on off-market access, in-depth property insights, and a proactive negotiation strategy.
- Extensive Property Search Including Off-Market Access
We conducted a thorough search, including off-market listings to expand the options available to the client. Within two months, we presented nearly 30 properties, half of which were off-market, maximizing her chances of finding the right home without competition. - Comprehensive Due Diligence and Valuation Analysis
Upon identifying an oversized 86 sqm apartment with a north-facing balcony and two spacious bedrooms, we conducted detailed due diligence. Our analysis provided clarity on market pricing, ensuring the client felt confident in her investment and its value. - Strategic Pre-Auction Negotiation
Recognizing the property’s appeal, we developed a negotiation strategy to secure it pre-auction. Acting swiftly, we engaged the seller with a competitive offer, allowing the client to avoid the auction process and secure the property in a stress-free transaction.
Outcome: Securing an Oversized, Sunlit Apartment Pre-Auction
After a focused two-month search, we successfully secured a two-bedroom, north-facing apartment in Randwick that met all the client’s criteria. The property’s ample size, sunny aspect, and easy access made it an ideal choice, and our negotiation strategy enabled the client to purchase the property pre-auction and within budget.
Key Benefits to the Client
- Exclusive Off-Market Access: Presented off-market listings to provide the client with additional high-quality options and reduced competition.
- Detailed Due Diligence and Valuation: Provided insights into market conditions and clear valuation, ensuring a confident purchase.
- Efficient, Stress-Free Process: Guided the client through each step of her first purchase, saving time and minimizing stress.
