5/104 Ryans Road, Nundah
With increasing interest rates and the ongoing cost-of-living crisis in Australia, the listing of 5/104 Ryans Road occurred when buyer caution and media speculation meant there was no guarantees in a property transaction.
Having worked with Karl Garufi previously, the owners of this renovated unit had existing trust in his process. This launched provided the campaign with the chance to run at great pace, creating urgency and competition as soon as the listing went live.
Through the right choice of marketing approach, effective communication with buyers and sellers, plus the negotiation ability built over his years in the industry, Karl was able to help deliver a truly fantastic result that was above and beyond the owners expectations.
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Property Statistics
The Challenge:
It’s not every day that an opportunity to purchase a unit in a small, quiet and private complex comes up in Nundah, so an impactful campaign would always have a shot at success if executed with confidence and accuracy.
What represented a challenge, however, was the changing property market.
With suburb records continuing to topple, the effects of interest rate rises and cost-of-living were becoming more apparent. Buyer confidence had started to show signs of waning, and properties were beginning to see less parties in attendance at open homes.
The Strategy:
As a previous client, the owners of this property knew that Karl was a safe pair of hands to trust their recently renovated property with.
In turbulent times, you can understand the stress that some sellers would feel, and allowing your agent the autonomy to build a campaign based on their knowledge, not what you’re hearing in the news, can be difficult.
Karl quickly identified and communicated what had to be done, and in this case, the owners agreed with his strategy. He knew that the best result relied on creating urgency and competition, and built a strategic marketing plan around a ‘best offers’ buyer campaign.
The Outcome:
Following the campaign launch, interest was apparent, which translated to 13 buyers inspecting the property across the opening inspections.
Interest was obvious; the property was well presented and the key features were clear. The unit offered open plan living, a private leafy balcony, thoughtful renovations, and a great location in a suburb becoming known for the lifestyle and amenities on offer.
Once offers were presented, negotiations saw the initial price increase by $15,000, to a final sale price of $815,000, a 1.875% increase from the first offer.
This result represented a hugely successful campaign. The sellers were able to sign a contract after just 3 days on the market, with a sale price that was well above their expectations.
Your Nundah Property Expert
If you’re considering what your property may be worth in the current market, Karl Garufi is Nundah’s leading real estate agent. He has been awarded Agent of the Year by RateMyAgent for five years running, and has the local knowledge and experience to recommend the ideal strategy for your property and situation.
Testimonials
What Sellers Are Saying In Aspley
Buyer of apartment in Nundah, QLD
Karl and his team at McGrath Estate Agents Nundah were awesome to deal with. Being interstate, I really appreciated how easy going, responsive and helpful they were throughout the whole buying process. Karl kept me informed with everything I needed to know about the property and made the experience feel simple and stress free. I felt confident from start to finish and would happily recommend Karl and his team to any buyer.
Seller of apartment in Nundah, QLD
Karl was an absolute pleasure to deal with from start to finish. I originally purchased my property through him and immediately felt comfortable with his honest, humble and genuine approach. So, when it came time to sell, Karl was the only person I wanted to deal with. He does everything he says he will do, communicates clearly, treats everyone fairly and holds himself with real integrity. Karl is a good person who genuinely cares about achieving the best result for all parties.
Seller of apartment in Nundah, QLD
I had been speaking with Karl for 6 years and, being interstate, we built a fantastic relationship. When it came time to sell, Karl was the only person I wanted by my side. He was never pushy, always listened, easy going and made the whole process stress free. Karl is an expert, calm and composed, and truly knows Nundah. When selling, Karl is your man! He kept me informed every step of the way, gave honest advice and delivered an incredible result. I could not have asked for a better agent!
Buyer of apartment in Nundah, QLD
Buying through Karl was a fantastic experience. He was professional, approachable and honest throughout the entire process, which made everything feel easy and stress-free. Karl has a calm and humble nature, and it was clear he wanted the best outcome for everyone involved, not just a quick sale. We really appreciated his guidance and integrity. Thank you, Karl!
Seller of unit in Nundah, QLD
Many agents reached out to sell my property, but Karl was the only choice. He holds himself with integrity and class, and is not your typical agent. He responds within minutes, communicates everything, and even when I was happy with the price, he went back and got more. Karl is the best agent in Nundah by a mile and the best I’ve ever worked with. Thank you for a life-changing result. Wishing you all the best with McGrath Estate Agents Nundah!
Seller of property in Nundah
Buyer of property in Nundah
Seller of property in Nundah