Fully renovated bungalow bought pre-auction

1 Aug

Written By Annabelle Webb – Founder & Principal Buyer's Agent

Charming entrance to a fully renovated bungalow with a manicured hedge-lined pathway

▉ REGION: WILLOUGHBY
▉ CLIENT: YOUNG COUPLE
▉ BUDGET: $4.4M

Webb & Co. Buyers Agency secured a fully renovated bungalow home ahead of fierce competition.

Background

Webb & Co. successfully secured a fully renovated bungalow home for a young couple in Willoughby, with a budget of $4.4 million. Principal Buyers Agent Annabelle Webb and Founding Buyers Agent Billy Gleeson assisted the couple, aiming to buy their first home in the competitive Lower North Shore area.

Challenges

The couple's property search involved several key challenges:

Short Search Duration: The couple had been searching for only 7 weeks, a relatively short period to find a suitable property in a high-demand area like Willoughby.
Specific Home Requirements: They were looking for a fully renovated California Bungalow, a particular style of home that can be scarce in the market.
Competitive Market: Securing a property in Willoughby, especially one that meets specific criteria like being fully renovated, often involves competing with other potential buyers.

Strategy

Webb & Co. implemented a targeted approach. The team sourced multiple off-market and pre-market homes, focusing on properties that aligned with the couple's specific requirements. They prioritized understanding the vendor's motivations to sell, which was crucial in positioning the couple as attractive buyers.

Outcome

Their strategy led to the successful acquisition of a California Bungalow in Willoughby. Webb & Co. managed to secure the property well under the couple's budget and ahead of any competition. This success was a testament to the team's understanding of the local market and their ability to effectively negotiate on behalf of their clients.

Lower North Shore

Annabelle Webb – Founder & Principal Buyer's Agent

With over 15 years’ experience in the Sydney residential property market, Annabelle Webb has built a career that has spanned many markets around Sydney, with a focus on the Eastern suburbs, and more recently the Lower and Upper North Shore.