Oceanview home walk to Manly beach purchased $500k under asking price

30 Apr

Written By Billy Gleeson – Founding Buyer’s Agent

Scenic view of Manly beach with palm trees and ocean backdrop, advertising a home purchased below asking price

▉ REGION: LOWER NORTH SHORE & NORTHERN BEACHES
▉ CLIENT: DOWNSIZERS
▉ BUDGET: $8M

Webb & Co. purchased a beachfront home in Queenscliff well under guide.

Background

Webb & Co. assisted downsizers in acquiring a new home in the Queenscliff area, part of the Lower North Shore and Beaches region. The clients, transitioning from a larger property in the Upper North Shore, were looking for a beachfront home that was both practical and within their budget of $8 million.

Challenges

This task presented several distinct challenges:

Specific Requirements: Our clients were not only looking to downsize, but also had specific family requirements for their new home which meant that a more targeted and strategic search was required.
Location Specificity: The clients initially began the search with very wide parameters - from Surry Hills to Dee Why. Through gaining a detailed understanding of their lifestyle requirements and long-term goals with the new property, our team were able to refine their search criteria and streamline the search.
Market Dynamics: The property market in the North Shore and Lower Northern Beaches is highly competitive, especially for beachfront homes. This competition necessitated a strategic approach to secure a property that met the clients' criteria.

Strategy

Under the guidance of Principal Buyers Agent Annabelle Webb and Founding Agent Billy Gleeson, Webb & Co. took a proactive and targeted approach. They specifically focused on off-market and pre-market homes across the region, honing in on a particular street that matched the clients' preferences. This approach allowed for a more efficient search and negotiation process.

Outcome

The team's efforts were successful, leading to the purchase of a beachfront home in Queenscliff. Webb & Co. negotiated the price to more than $500k below the property's asking price of $7.55 million, securing a deal that not only met but exceeded the clients' expectations in terms of both location and budget.

Northern Beaches

Billy Gleeson – Founding Buyer’s Agent

Billy Gleeson has been a resident of the Lower North Shore for more than 20 years, living and breathing real estate in the area since his early childhood.

Having lived in both the United States and London, Billy has extensive experience consulting for some of the world’s largest brands, in the marketing, media and not-for-profit industries, and now brings his passion for success to Annabelle Webb’s team.