Knockdown with knockout views in Mosman
▉ REGION: MOSMAN
▉ CLIENT: BUILDER
▉ BUDGET: $6.5M
When a local builder came to Webb & Co. seeking a knockdown in Mosman with panoramic water views for under $6.5m, we knew this was going to take an aggressive and direct strategy.
Background
Webb & Co. successfully assisted a local builder in Mosman with a budget of $6.5 million to find a suitable knockdown property with panoramic water views. Recognising the rarity of such properties, the team prepared for an aggressive and direct approach to meet this specific request.
Challenges
The search presented unique challenges:
Scarcity of Properties: Properties fitting the builder's criteria in Mosman are extremely rare, making the search more complex and demanding.
Highly Targeted Requirements: The builder was looking for a specific type of property - a knockdown with panoramic water views, which required a precise and focused search.
Competitive Market: Mosman is known for its competitive real estate market, especially for properties with unique features like panoramic views.
Strategy
Principal Buyers Agent, Annabelle Webb and Founding Buyers Agent, Billy Gleeson, leading the Webb & Co. team, undertook a strategy of shortlisting multiple properties across Mosman and collaborating with local agents to target these properties directly. They sought to find a knockdown in Mosman’s Beauty Point area that offered world-class views of Middle Harbour.
Outcome
The team's efforts led to the discovery of an off-market property that met all the builder's requirements. Gaining access to the property three weeks before it became known to other buyers, Webb & Co. conducted extensive due diligence in a short time. They then employed a specific negotiation strategy, successfully securing the property for $300,000 less than the builder's maximum budget. This not only secured the desired property but also provided significant savings, paving the way for the builder to create his dream residence in Mosman.
