Dream Family Home Bought Under Budget
▉ REGION: UPPER NORTH SHORE
▉ CLIENT: YOUNG FAMILY
▉ BUDGET: $3.5M
Principal Buyer’s Agent Annabelle Webb and Founding Buyer’s Agent Billy Gleeson were referred a young family who were upsizing from their 2 bedroom apartment in the Eastern Suburbs.
Background
Annabelle Webb and Billy Gleeson of Webb & Co. were approached by a young family upsizing from their 2-bedroom apartment in the Eastern Suburbs. With a budget of $3.5 million, the family was looking for a 4+ bedroom home with outdoor space in the North Shore.
Challenges
The family's property search faced several obstacles:
Extended Search Period: Despite searching for over 18 months, they had not found a property that met their needs within their budget.
Determining Property Value: The family needed assistance in understanding the true value of homes on the market, a task made difficult due to the varying prices and features of properties in the area.
Access to Off-Market Properties: Gaining early access to confidential and off-market properties was crucial in this competitive market.
Strategy
After being chosen over several other buyer's agencies, Annabelle and Billy conducted a thorough search across multiple North Shore areas, including Lane Cove, St Ives, Roseville, and Pymble. This broad approach allowed them to present the family with a variety of options and helped them understand the benefits of different neighborhoods.
Outcome
Within the first 6 weeks, the Webb & Co. team presented the family with several properties, most of which were off-market. Their expertise in negotiation and securing properties allowed the family to secure their dream home in St Ives before it went to auction. This proactive approach positioned the family ahead of 18 other contract holders, resulting in a purchase price that was $300,000 less than their maximum budget.
