Client Profile
- Location: Turramurra, Sydney
- Buyer Type: Owner-occupiers
- Goal: Purchase a large, flat block of land to build their forever home close to schools and transport
Situation
Our clients, a local family, were searching for the perfect block to build their forever home. Their requirements included:
- A flat block over 900 sqm with a minimum 18m frontage
- Located on a quiet street for a peaceful family setting
- Proximity to schools and ease of access to transport for commuting to the city
With limited availability of suitable properties in Turramurra and nearby Pymble, they engaged us to assist with due diligence, provide a tailored negotiation strategy, and secure the property without going to auction.
Challenges
The search for an ideal block in Turramurra presented unique challenges:
- Limited Land Availability: The specific requirements for land size, frontage, and location significantly narrowed the pool of available properties.
- Competitive Market: Properties matching the clients’ brief attracted considerable interest, requiring a swift and effective negotiation strategy.
- Time Constraints: As a busy family, they relied on us to streamline the search and handle all due diligence.
Our Approach
To meet the client’s needs, we focused on sourcing off-market opportunities, comprehensive due diligence, and a rapid negotiation strategy.
- Targeted Search and Immediate Property Sourcing
Shortly after engagement, we identified a prime block in Turramurra that met the client’s specifications. The property was over 900 sqm with an 18m frontage, located on a quiet street opposite a park, and within walking distance of local shops and transport. This expedited process minimized the search time for the family. - Detailed Valuation and Market Insights
We conducted a specialist valuation to ensure the property was competitively priced, providing the clients with a clear understanding of its value. Our insights into local pricing trends gave the clients confidence in the property’s worth and its suitability for their planned build. - Negotiation Strategy for Immediate Purchase
Given the competitive market, we tailored a swift negotiation strategy to avoid auction and secure the property before other interested buyers could act. With a clear timeline, we submitted an offer the same day and successfully secured the property, effectively knocking out competition.
Outcome: Securing a Prime Block in Turramurra for a Forever Home
Within a short timeframe, we successfully secured a large, flat block in Turramurra that met all the family’s criteria. By acting decisively and presenting a compelling offer, we avoided the auction process, ensuring the clients could move forward with their plans to build their dream home.
- Rapid, Effective Negotiation: Secured the property the same day, avoiding the auction process and reducing competition risk.
- Comprehensive Due Diligence and Valuation: Provided market insights and valuation, ensuring the clients had confidence in the purchase price.
- Streamlined Search and Time Savings: Quickly sourced a property that met specific requirements, minimizing search time for the busy family.
