Client Profile
- Location: Inner City, Sydney
- Buyer Type: First home buyers
- Goal: Purchase a terrace or semi-detached property with convenience and future improvement potential
Situation
Our clients were making their first home purchase in Sydney. They wanted a property that offered both convenience and the opportunity to add value over time. Being new to the market, they were uncertain about which areas would best suit their lifestyle and investment goals.
They sought:
- Access to off-market and pre-market properties to maximize options
- Expert guidance on the purchasing process and local market dynamics
- Education on property valuations and insights into factors affecting value
- Skilled negotiation to secure the best possible price
As first home buyers, they needed a knowledgeable team to help them navigate the process with confidence.
Challenges
Navigating Sydney’s Inner City market as a first home buyer presented several challenges:
- Unfamiliarity with Area Selection: With numerous neighbourhoods to consider, the clients were unsure which areas aligned best with their needs and budget.
- Limited Market Experience: As new entrants to the property market, they required substantial education on property values and market dynamics.
- Guidance Through a Competitive Market: The Inner City market is highly competitive, with many properties going under contract quickly, often with multiple buyers interested.
Our Approach
To ensure a successful outcome, we designed a customized strategy that met the clients’ needs and addressed the challenges they faced.
- Exclusive Off-Market Access
We leveraged our network to provide access to off-market and pre-market properties, offering our clients options beyond what was publicly available. This approach minimized competition and allowed for a more relaxed viewing experience. - Market Education
We spent time educating the clients on current market trends, valuation factors, and how to spot potential under-quoted properties, equipping them with the knowledge to make confident decisions. This education helped them avoid properties that didn’t align with their goals. - Efficient Property Search and Negotiation
Within four weeks of engaging us, we identified a promising property that had recently passed in at auction. We moved quickly, arranging an inspection and making an offer within 24 hours, securing an acceptance and moving promptly to exchange. Our negotiation resulted in a purchase price $30,000 below the asking price, an exceptional value for our clients.
Outcome: An Ideal Inner City Property at a Great Price
Our clients successfully secured a terrace home in their ideal location, with the scope to make improvements over time. This property offered both the convenience and future value they sought. They were thrilled with the fast turnaround, the below-market purchase price, and the tailored guidance that gave them confidence throughout the process.
Key Benefits to the Client
- Quick and Efficient Turnaround: From engagement to securing a property, the process was completed in just four weeks.
- Great Purchase Price: Negotiation expertise allowed us to secure the property for $30,000 below the asking price.
- Comprehensive Market Insights: Our in-depth market education enabled the clients to make informed decisions and avoid under-quoted properties.
- Time Savings: By focusing on accurately valued properties, our clients saved significant time and avoided the frustration of pursuing unsuitable options.
