Case Study: Condominium in Zurich Enge – secured off-market
A manager from Zurich was looking for a condominium but found nothing through conventional channels. Within three months we secured her an off-market apartment in Enge, district 2, through our network.
- Mandate
- Active search mandate, purchase
- Location
- Zurich Enge, district 2
- Property
- Condominium
- Market access
- Off-market via network
- Duration
- 3 months to secured purchase
Situation
A manager from Zurich wanted to realise her dream of owning a condominium and sought professional support. Due to her professional commitments she lacked the capacity for systematic market monitoring; conventional search channels remained unsuccessful in this overheated environment.
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CROVES Real Estate was mandated as buyer's representative: search, pre-screening and viewing of suitable properties, due diligence and price and contract negotiations – acting exclusively in the buyer's interest.
Challenge
- Publicly listed properties in the desired location were taken within days or priced well above market value.
- Her professional workload allowed neither daily market monitoring nor short-notice viewings.
- Without access to off-market opportunities, a large share of the relevant supply remained invisible.
- High discretion requirements on both the buyer's and the seller's side.
Approach
- 01
Search profile and perimeter
Refinement of location, size, finish standard and price range, focusing on a few Zurich city districts instead of a broad search.
- 02
Network
Through our established network, we approached private owners, property managers and agent partners and identified a suitable apartment outside the public market in Enge.
- 03
Pre-screening and viewing
We attended the first viewing and provided an objective initial assessment before our client had to invest any time.
- 04
Due diligence
Comprehensive review of the apartment and all property documentation: deed of constitution and regulations, minutes of owners' meetings, renovation fund, value quota, condition and upcoming refurbishments.
- 05
Price and contract negotiation
Negotiation of price and terms and coordination with notary, bank and sellers through to notarisation.
- 06
Discreet transaction
The privacy of the sellers and of our client was safeguarded throughout the process – with no public marketing.
Result
Our client acquired her condominium in Enge off-market, without a bidding contest and without spending her own time on market monitoring.
- A property outside the public market, never publicly listed
- No bidding contest
- Full due diligence before signing
- Utmost discretion for both parties
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Are you looking for a condominium in Zurich?
We would be happy to discuss your search profile, the perimeter and the possible approach in a personal conversation.