Our off-market Californian Bungalow in Coburg

Last week we were alerted to a Californian Bungalow in Coburg’s Donne Street which caught our attention.

On some 300sqm of land, boasting a beautiful floor plan and great neighbourhood, our biggest challenge was gleaning enough details to send to our interstate investors who would need to be able to make a swift decision if they wanted to secure the property before competing buyers came along.

In most genuine off-market property situations, the hardest part is usually preparing our clients for the time-pressure they may find themselves placed under.

Off-market properties are marketed for a fast sale in most cases, and typically they are priced fairly. The absence of a long auction campaign, an energetic crowd and mysterious agent ‘quote ranges’ are huge drawcarsfor buyers who appreciate a straight-up deal. Vendors name their price, agents facilitate quick, private inspections, and negotiations follow.

It’s fair to say that off-market buys are far lees stressful for most buyers.

When we inspected this beauty in Donne St, the property scored highly and we filmed our walk-through, dashed back to the office to upload the files and commenced our due diligence in haste. We knew that we could have competition, because other buyers had been invited to view the property as well.

Coburg’s increasing popularity didn’t get lost on us for a moment.

Invigorated by an emerging cafe scene, overflow from neighbouring Brunswick and some recent strong auction results, we knew it would be a matter of days – and maybe hours – before we had competing offers threatening our acquisition plans.

Our clients’ preparedness to view smartphone videos, discuss our own observations and more importantly, take our recommendation to pounce made all the difference.

Our role is one which requires high trust, clear communication and significant rigour.

We never take the responsibility lightly.

Securing a beautiful three bedroom bungalow just 8km from the city was not what our clients were expecting for their mid-sevens budget.

Our offer of $755,000 was signed off that afternoon subject to a building inspection and our clients happily signed off the building inspector’s report the very next day.

Our lovely clients can anticipate out-performance growth for their property asset and we wish them years of happy property ownership.