The Brief
Our client had found an apartment on Bayswater Road in Rushcutters Bay and wanted independent support with due diligence and negotiating the purchase.
Our Approach
We provided a buffer between our client and the selling agent, keeping negotiations focused on the property and the price rather than emotion.
Alongside the due diligence, we handled the negotiation with a clear objective: to secure the apartment for the lowest possible price.
The Property
The 61 sqm apartment has one bedroom and one bathroom, with high ceilings, walnut herringbone flooring and a marble kitchen. Period proportions are complemented by contemporary interiors, built in bedroom storage and a study nook.
The Outcome
The client secured the apartment before auction at exactly the same price the owner had paid four years earlier.
Frequently Asked Questions
Can I engage a buyer’s agent for negotiations and due diligence only?
Yes. We offer a focused service for buyers considering a particular property. We agree the scope around the assistance required, separately from our full search service.
Does a renovated apartment still require due diligence?
Yes. Presentation is only one part of the assessment. Buyers should look beyond the finishes and understand the property, the building and the information relevant to their purchase, with appropriate specialist advice.
Is negotiation only about the purchase price?
No. Timing, proposed terms and the information available can also influence an offer. The approach should suit the buyer’s circumstances and the particular sale, rather than follow a fixed formula.
Considering an apartment purchase? Speak with us about assistance with negotiations and due diligence.