Purchasing a home in regional areas seems like an attractive prospect, however, the perception of lower prices can often mask hidden risks and challenges. Without the right guidance, first-time buyers may find themselves facing unexpected hurdles and potential financial setbacks.
 

What are the implications of overlooking common mistakes when purchasing property in regional locations?

In this episode, we're joined by Matt Ward, a seasoned buyer's agent and the founder of WPG Advisory. With over 25 years of industry experience in navigating the Central West New South Wales real estate market, Matt is uniquely positioned to share indispensable advice about buying property in regional locations.

Tune in to learn the important dos and don'ts when buying property in the countryside. IF you're thinking about moving away from the city or just exploring new opportunities, this episode has all the advice you need to avoid expensive mistakes.

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Episode Highlights:
00:00 - Introduction
02:08 - Meighan's special house of the week
03:31 - Can I negotiate a longer settlement period after winning a property auction?
07:19 - What to do when a vendor doesn't respond to your offers
10:13 - Why was my offer, subject to building pest and inspection, passed over for a lower bid?
12:47 - Treat the agents and vendors with respect before it gets too late
17:16 - I signed a contract and paid a $1,000 deposit on the land, is it a good property?
20:08 - Can we call off the contract because of property flooding one week before settlement?
21:32 - Lawyer advises against contract terms, vendor won't amend. What to do?
23:22 - Can I still cancel the contract I already signed due to strata report findings?
26:08 - Can I retract an offer for an off-market property I now think is too expensive?
About Our Guest:
 
Matthew Ward is the Founding Director of WPG Advisory, he is a Certified Practicing Valuer (CPV) with the Australian Property Institute in NSW, a licensed buyer's agent and a registered valuer with over 25 years of industry experience. In addition to his international experience, Matt is also a member of the Real Estate Buyer's Agents Association of Australia. He is committed to ensuring success for his clients by navigating them through the complexities of the property market with expertise and dedication.
 

Connect with Matthew Ward:

➼ Website https://wpgadvisory.com.au/
➼ LinkedIn https://www.linkedin.com/in/matthew-ward-645b8ba/

Resources:
 
➼ FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourse
 
➼ Meet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokers
 

➼ Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au

➼ Work with Veronica: https://www.veronicamorgan.com.au

➼ Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
 
➼ If you have any questions or would like to be featured on our show, contact us at: [email protected]
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!
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  Co-Founders

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.

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