However, what most fail to realise is that there's more to it than buying the first brand new house that catches their eye.
In today's episode, we talk about using grants to purchase land and property by sharing a case study on "Anna". From potential pitfalls to misleading incentives, from dealing with real estate agents to setting yourself up for a successful purchase, we share what you need to know to do it right.
We'll see you in the episode!
• It's important to select the right property (instead of rushing into a purchase) [07:20]
• The biggest risk to first home buyers are the incentives [08:43]
• Think about an area's future growth and value before buying there [11:52]
• Real estate agents represent sellers & buyer's agents represent buyers [13:31]
• Every real estate agent is different - get to know yours and learn about the seller [14:54]
• As a buyer, don't feel like the agent has all the cards [18:22]
• Most buyers with grants only look at brand new units - and that's a problem [19:46]
• Patience & diligence to look for other options pays off [24:39]
• Marketers price new properties differently and strategically [31:55]
• Research sales data before purchasing any property [33:37]
• Market value dictates price for established properties (and selling new ones) [36:41]
• Next steps for Anna [37:56]
• Review real estate sales data (https://www.realestate.com)
If you enjoyed today's podcast, don't forget to subscribe, rate and share the show! There's more to come, so we hope to have you along with us on this journey!
Veronica Morgan & Meighan Wells
Veronica & Meighan are both licensed real estate agents who exclusively help buyers. Together they have nearly 40 years experience as property professionals.
Veronica is principal of Sydney based Good Deeds Property Buyers and is also co-host of The Elephant in the Room property podcast as well as Location Location Location Australia on Foxtel and author of Auction Ready: how to buy property at auction even though you're scared s#!tless!
Meighan is the multi award winning principal of Brisbane based Property Pursuit, chairperson of the REIQ Buyers Agent Chapter & a regular media commentator.
