Inside a Real Coaching Call That Transforms First Home Buyers

Buying your first home can feel overwhelming — especially when you're trying to compete with more experienced buyers, deal with existing tenants, and make fast decisions under pressure. In this episode, we take you inside a real coaching call with one of our students who's been actively searching and came up against a property that raised some tough — but common — questions.

We break down his situation and share the kind of real-time home buying tips we give inside our course every week, including:

➼ How to assess a tenanted property and decide if the waiting period makes financial and practical sense

➼ Why CoreLogic estimates aren't enough — and how to build your own pricing intel that reflects actual market value

➼ What due diligence you can do before inspection day, from checking council zoning to requesting the contract of sale in advance

➼ How to ask for a contract before seeing a property (yes, that's possible — and important)

➼ Why shifting from "reactive" to "ready" is critical, and how being emotionally prepared can protect you from costly mistakes

We also talk through how to stay grounded when emotions kick in, what to do when you feel like you've missed out, and how to use every inspection as a learning opportunity. These home buying tips come straight from our decades of experience helping buyers move from stressed and unsure to clear, confident, and in control.

So if you're not sure what due diligence even means, when to request a contract, or how to compete with other buyers who seem to move faster, this is the episode to tune in to.

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Episode Highlights:

00:00 - Introduction
02:19 - Reviewing a first home buyer's property checklist
03:09 - Concerns about negative cash flow and existing tenants
05:24 - Lessons from a missed offer and how to improve next time
07:17 - Analysing floor plans and outdoor space in real time
08:51 - Sunlight, orientation, and what really matters
13:53 - Is it worth buying a property you can't move into yet?
16:59 - Why CoreLogic isn't enough to set your offer price
19:26 - Competing with experienced buyers and investors
22:48 - Doing due diligence when time is tight
25:55 - Can you still change the contract during cooling-off?
27:10 - What to check before even inspecting a property
29:36 - Understanding offer processes and agent strategies
32:09 - Managing emotions during the buying process
33:24 - How some buyers make fast decisions with confidence
35:44 - When paying more upfront might still make sense
41:10 - Timing the market: when to expect more listings
45:03 - When to get a contract reviewed (and when not to)

Course Details:

➼ Your First Home Buyer Course is our Step-By-Step, No BS Guide to Every Stage of The Home Buying Process – It's the next best thing to having your own buyer's agent. With our expert guidance, you'll know what to do at every step along the way. Become a home owner faster and easier. Click here: https://homebuyeracademy.com.au/YFHBG

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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Learn how to buy your first home without making avoidable mistakes.

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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.