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BUYERS AGENCY PURCHASE OF THE MONTH

Buy of the month - 7km from CBD, $145,000 under reserve, owner to move in ecstatic!

 

Highlights*

  • Purchased $145,000 below auction reserve on Satuday 28th March 2020

How the deal happened:

  • Stamina was required after a 9am auction and negotiating to exchange at 11:44pm Saturday night. We secured the Property for $1,555,000 which was $145,000 below auction day reserve
  • Client had been trying to buy homes in Sydney for 14 months before engaging Providence
  • Kept missing out at auction
  • They were increasingly frustrated and drained due to – emotional rollercoaster; getting repeated finance approvals, bidding at auction and losing; lack of access to suitable homes; agents providing a wide range of unreliable and inaccurate information including price guides and buyer interest; and trick photography not representative of the genuine reality of the property
  • Providence located a property that exactly matched the clients brief
  • Providence attended auction on clients behalf and it was passed in on us as the highest bidder with correct auction strategy
  • Critical to success was extracting crucial information from the agent regarding the vendors current situation. This included facts like that they had bought elsewhere enabling us to negotiate extremely effectively on behalf of our client
  • They buyer is thrilled

Property Key Elements

  • 1850s character build
  • 7km from Sydney CBD
  • Fully free standing home
  • Above average land size for area being 305sqm
  • Fully renovated so no need for immediate work
  • Ability to add significant value in future through extension

To source a similar property please contact …

Wishing you happy and prosperous buying,

The Providence Property Team