First home buyers can get lost understanding property market jargon. In part one (last week's episode), we covered some of the people you might come across in your property search as well as some of the terms you might hear mortgage brokers and accountants use.

In part two of our real estate user's guide, we interpret a whole lot more of the commonly used terms (and some of the more ridiculous ones as well!). Since every industry has its own particular language, we want you to be able to speak the real estate lingo with ease.

There's a whole bunch of terms to cover so let's get into it!
Episode Highlights:
• What is rentvesting? [02:31]
• 'Manufacturing Equity' sounds complicated, but it really isn't [05:01]
• Explaining the 'cooling off' period & 66W Certificate [06:38]
• Conditional Offers & some examples [10:47]
• Is 'gazumping' a bad thing? [11:44]
• What are Holding Deposits? [12:36]
• Exploring terms used in auctions [13:12]
• What the heck does 'freestanding to one side" mean? [15:52]
• 'North-facing' property [16:39]
• Can a property really have 'unlimited potential'? [17:50]
• Why 'renovator's delight' isn't truly delightful [18:53]
Link/s from the Show
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!
How ready are you to buy your first home?

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.

We are here to guide you through your home buying journey

How ready are you to buy your first home?