We were engaged to provide a full-service Buyer’s Agency Service. The family needed a bolt hole in Sydney’s eastern beaches. After inspecting several properties both on and off-market, we ultimately purchased this beautiful home in North Bondi.
It is Ideally located only 250m to the beach with easy access to the amenity of North Bondi. With the market currently experiencing low stock levels – particular for A-grade property, our relationships with selling agents were crucial in uncovering opportunities that could potentially work for our client.
This property ticked most of the boxes – low maintenance, private, an apartment, lock and leave with potential for personalisation.
With our clients being abroad at the time of our inspection and only returning the day of the purchase, we had inspected the property prior to being on market. This way, we were able to carry out our analysis and due diligence – including contract review prior to their inspection. As a result, we were ready to secure the property the day they inspected it.
Our analysis provided confidence in the purchase range and we were able to secure the property with a competitive offer before the auction and against strong competition. The purchase price was below the top end of our client’s range – saving them money.
Understanding land values, building replacement costs and the scarcity of this type of real estate gave our client the necessary confidence.
This particular price point is highly competitive and purchase options are scarce. Despite being pre-market, the property already had multiple competing buyers. Using our analysis to provide confidence and clarity on the purchase price range, we were able to act quickly for our clients and make a strong offer to eliminate competition.
Looking to buy a second home in Sydney’s Eastern Beaches? Get in touch with Stuart Jones & Tessa Flanigan today.