Securing the Right Family Home in a Top School Zone While Selling Their Existing Property

“With our kids growing up, we needed a bigger house in a good school zone.”
-
Marcus

For Marcus and Mia, the next stage of family life was approaching quickly.

Their two children were getting older, and the home that had once suited their needs was starting to feel too small. At the same time, they wanted to ensure their children were within one of the top school zones in Melbourne’s eastern suburbs.

This wasn’t simply a move to a larger property. It was about giving their family the right environment for the years ahead.

But like many busy families, finding and securing the right home while managing the sale of their existing property felt overwhelming.

Property Purchase Details

Buyer Type
Upgrading family with two school-aged children

Property Type
Family home in a premium school zone

Location Purchased
Melbourne Eastern Suburbs

Purchase Method
Private negotiation prior to broader competition

Outcome
Secured their ideal home $110,000 below what they would have paid for it.

Client Snapshot

Clients
Marcus & Mia – A busy professional couple with two children

Goal
Upgrade to a larger home within a sought-after school zone

Challenge
Limited time to search while balancing work and family life, plus the need to sell their existing home to fund the purchase

Outcome
Secured their ideal home below their maximum budget and successfully sold their existing property with expert support

The Challenge: Finding the Right Home Without Overpaying

Marcus and Mia already had a clear vision of what they wanted.

They knew the school zones they wanted to target and had identified several suburbs in Melbourne’s eastern suburbs that would suit their family.

The challenge wasn’t clarity.

It was time and confidence.

Between demanding jobs and raising two children, spending every weekend attending inspections simply wasn’t realistic. At the same time, they knew that buying in a competitive school zone market meant making the right decision quickly when the right property appeared.

And there was another layer of complexity.

They also needed to sell their current home in order to fund the upgrade.

Externally, the challenge was managing two major transactions at once.

Internally, the concern was familiar to many buyers.

They didn’t want to miss the right property, but they also didn’t want to rush in and overpay.

When the Right Property Appeared

On the very first weekend of inspections, Marcus and Mia found a property that immediately stood out.

It had the space their family needed and was located within one of the school zones they were targeting.

Naturally, the excitement was high.

Their instinct was to submit an offer immediately, close to their maximum budget, to ensure they didn’t miss the opportunity.

But buying property when emotions are running high can often lead to decisions buyers later regret.

Instead, we slowed the process down.

Before moving forward, we completed thorough due diligence and carefully assessed the property and the surrounding market.

The Plan

To ensure Marcus and Mia secured the property without overpaying, we followed a structured approach.

1. Conduct detailed due diligence
Assess the property thoroughly and analyse comparable sales to determine its true market value.

2. Develop a negotiation strategy
Understand the vendor’s position and create an offer structure that would encourage a quick decision.

3. Submit a strong strategic offer
Present an offer below their maximum budget with a short expiry to maintain control of the negotiation.

4. Manage the next stage of the journey
Once the purchase was secured, focus on preparing and selling their existing property.

Securing the Property for the Right Price

After reviewing comparable sales and confirming the property’s value, Marcus and Mia shared their maximum budget and gave a clear instruction.

“Just make sure we get it.”

However, rather than immediately offering close to their limit, we submitted a strategic offer well below their maximum budget, with a one-day expiry.

This created urgency for the vendor and prevented the selling agent from calling around to other buyers to create a competitive situation.

After some quick negotiation back and forth with the agent, the vendors accepted the offer.

Marcus and Mia secured the property $110,000 below what they were prepared to pay for it.

Just as importantly, they secured it with confidence, knowing the price reflected the true market value.

Managing the Sale of Their Existing Home

Once the excitement of securing their new home had settled, the next step was selling their existing property.

As their vendor advocate, I worked with Marcus and Mia to identify the most suitable selling agent, negotiate the agent’s fees and oversee the process from start to finish.

To maximise the eventual sale price, we also made the decision to undertake a cosmetic renovation before going to market.

This included:

• replacing the carpets
• repainting the interior and exterior
• improving the presentation of the home

These relatively simple updates dramatically improved how the property presented to buyers.

The difference was significant. The home looked completely refreshed, helping attract strong buyer interest and ultimately achieving the best possible result.

Throughout the process, Marcus and Mia were able to focus on work and family life while I managed the communication, strategy and coordination behind the scenes.

From Pressure to Progress

Buying one home while preparing another for sale can be a stressful process for many families.

But with the right guidance and structure, Marcus and Mia were able to move through each step with clarity and confidence.

They secured the right home for their family.
They maximised the sale price of their existing property.
And they were able to focus on preparing their children for the move to their new school.

Today they are settling into their new home and beginning the next chapter of family life.

Buying or Selling in Melbourne’s Eastern Suburbs?

Marcus and Mia’s experience highlights how complex property decisions can become when buying and selling at the same time.

With the right strategy and guidance, the process can become far clearer and far less stressful.

If you’re considering upgrading your home in Melbourne’s eastern suburbs and want help navigating both the purchase and the sale process, feel free to get in touch.

© Copyright Justin Valentine Buyers Agent 2023

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© Copyright Justin Valentine Buyers Agent 2024

Privacy Policy | Terms of Use