Buying a house sight unseen is risky, and in this episode, we explore a home buying catastrophe that could have been easily avoided with some simple steps.
 

Today, we discuss the story of a woman who moved back to her home state and bought a house without personally inspecting it. Relying on outdated photos and the assurances of an agent, she arrived to find her new home in a state of disrepair. From piles of rubbish to structural concerns, her experience serves as a cautionary tale about the importance of thorough due diligence in the home buying process.

We break down the critical errors made during her buying process and offer practical advice on how to avoid such pitfalls. By highlighting the importance of independent video walkthroughs, pre-settlement inspections, and not solely relying on agents, we provide listeners with actionable steps to ensure they know exactly what they're purchasing.

Learn from this cautionary tale and equip yourself with the knowledge to avoid similar pitfalls. Listen now to gain valuable tips that will ensure your home buying process is smooth and worry-free.

Episode Highlights:
00:00 - Introduction
02:26 - Meighan's special house of the week
04:09 - The property catastrophe
09:20 - The importance of pre-settlement inspections
11:22 - Why buyers ought to be more proactive in real estate deals
14:33 - Options for purchasing property remotely when physical presence is not possible
14:43 - Option #1: Buyer's agent
17:26 - Option #2: Real estate agent
19:44 - Option #3: Building inspector
20:50 - Option #4: Local mortgage broker
22:13 - Option #5: Go to another sales agent in the area
23:01 - Option #6: Property manager
26:15 - Bonus tip: The crux of understanding local culture in an unfamiliar area
Resources mentioned in this episode:

➼ Warracknabeal home buyer finds home in filthy state after buying property online https://www.abc.net.au/news/2024-05-04/warracknabeal-home-buyer-home-filthy-buying-property-online/103776092

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
 
 
➼ Learn how to buy property without making a mistake with our ultimate 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
 
➼ If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast [email protected]
 
➼ 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 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!
➼ Subscribe on YouTube

➼ Subscribe on Apple Podcasts

➼ Subscribe on Spotify
Loading...
How ready are you to buy your first home?
  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.

We are here to guide you through your home buying journey

How ready are you to buy your first home?