Client Profile
- Location: Edgecliff, Sydney
- Buyer Type: First-time homebuyer
- Goal: Purchase a 2-bedroom apartment with Art Deco features in a well-maintained, low-rise building
Situation
Our client, a busy professional in the Eastern Suburbs, was looking for his first home. His ideal property needed to be:
- Close to transport, shops, and the city for convenience
- An Art Deco apartment in a renowned, low-rise building with ornate features
- Located in a building with low strata rates and minimal history of repairs
With limited time and a specific budget, he sought our assistance to act as a buffer with real estate agents, provide insights on market conditions, and guide him through the negotiation and purchasing process.
Challenges
As a first home buyer with specific requirements, the client faced unique challenges:
- Short Timeframe: The client needed to secure a property within a limited period.
- Budget Constraints: Finding a quality Art Deco property in the Eastern Suburbs within budget required strategic selection.
- First Home Buyer Considerations: As a first home buyer, he needed reassurance and expert guidance throughout the purchasing process.
Our Approach
To meet the client’s needs, we focused on off-market access, market insights, and strategic negotiation.
- Dual-Approach Search in Eastern Suburbs and Inner West
We conducted a targeted search in both the Eastern Suburbs and Inner West, presenting off-market properties that aligned with the client’s style and budget. This broad approach ensured we covered all suitable options within his preferred regions, maximizing his chances of finding the right property quickly. - Comprehensive First-Time Buyer Guidance
Recognizing the client’s limited experience, we provided consistent guidance on market trends, property conditions, and value appreciation potential. Our expert support empowered the client to make confident decisions and feel assured in the process. - Pre-Auction Negotiation Strategy
After identifying an ideal 2-bedroom ground-floor apartment in Edgecliff, we developed a negotiation strategy to secure it pre-auction. By acting swiftly and demonstrating serious buyer intent, we secured the property for under the client’s budget, avoiding the competitive auction environment and ensuring a favourable price.
Outcome: Securing a Charming Art Deco Apartment Below Budget
Within a short timeframe, we successfully secured a 2-bedroom Art Deco apartment within walking distance of Rushcutters Bay, Edgecliff Station, and local shops. The property’s ground-floor location, ample space for a study, and proximity to amenities perfectly matched the client’s criteria. Our negotiation strategy allowed the client to secure the apartment pre-auction and under budget, making his first home purchase a smooth and rewarding experience.
Key Benefits to the Client
- Expert Negotiation and Market Insights: Provided a clear understanding of market conditions and secured the property for a favourable price.
- Exclusive Off-Market Access: Accessed off-market properties that matched his specific Art Deco style, saving him time and reducing competition.
- Comprehensive First-Time Buyer Support: Guided the client through each step, ensuring a stress-free experience and informed decision-making.
