In December, one headline sent every homebuyer in a state of fear: "weird detail in contract let sellers keep Victorian family's $320k house deposit".
Is it really that detail that made them lose their money? Or was it just a mistake they could've avoided had the right process been taken?
Today, we'll dig deeper into that news story, study every aspect of the transaction, and understand why the Victorian family lost their money. We'll also discuss the steps you need to take to not experience the same misfortune and what you should do before buying a property.
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you'd like to chat, email us at [email protected]!
We'll see you on the inside!
Episode Highlights:
1. The weird building in China [02:35]
2. Setting the background: What happened last May 2019? [04:44]
3. The risks of having a long settlement on your property [06:27]
4. Why you should get legal advice before signing a contract [07:59]
5. The problem with making decisions based on emotions [10:39]
6. Knowing what you don't know [14:06]
7. Build your team and don't just rely on online calculators [16:43]
8. The Dangers of Skipping Steps in the P.A.C.E. system [18:42]
9. Not all properties are equal [22:51]
10. Was there really a weird detail that cost them their house deposit? [26:57]
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?