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Your First Home Buyer Guide Podcast

By: Veronica Morgan & Meighan Wells
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  • Summary

  • Your First Home Buyer Guide. Get there without missing a step.
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Episodes
  • Are You Making the Right Call by Avoiding Auctions?

    Are You Making the Right Call by Avoiding Auctions?
    May 21 2024
    Today, we address a situation that many first-time home buyers are often faced with: to bid at auctions or avoid them altogether. We talk about the challenges and fears associated with auctions and examine if avoiding them is truly the best choice. This episode aims to make the auction process easier to understand and share practical tips to help you make well-thought-out decisions. Auctions can be intimidating, they may seem simple in principle — as the highest bidder gets the property. But, in reality, it's quite complex and many potential buyers steer clear of them, opting instead for what feels like easier options. However, in areas where auctions dominate the real estate market, avoiding them might mean missing out on the best properties. So, what should you do if you're caught in this dilemma? Don't let uncertainty hold you back from exploring the opportunities auctions offer. Tune in now to equip yourself with the tools and confidence needed to seize the best deals in the market. Episode Highlights: 00:00 - Introduction 02:45 - Meighan’s special house of the week 06:23 - What are the two main methods of property sale? 07:33 - Why an owner or agent would choose to go down the path of having a public auction 10:18 - Importance of understanding the steps involved in accurately pricing property 13:56 - Why setting a limit as a buyer before going into an auction is vital 17:12 - Discussing the pros and cons of pre-auction offers 21:26 - Reasons why an agent would use pre-auction offers 24:06 - Understanding the types of bidders at auctions 26:41 - Why it’s essential to understand the different laws on property in every state/territory Resources mentioned in this episode: The Elephant in the Room Property Podcast Episode 1: Who is Really Making the Decisions When You Bid at Auction? https://www.theelephantintheroom.com.au/podcasts/1FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourseYour First Home Buyer Guide Podcast Episode 127: The Property Blueprint: Experts Decoding State Rules Across Australia (Part 1 - Auctions) https://homebuyeracademy.com.au/podcasts/127Auction Ready: How to Buy Property at Auction Even Though You’re Scared S#!TLESS by Veronica Morgan https://gooddeeds.com.au/auction-ready/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 Resources: Meet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokersVisit our website https://www.homebuyeracademy.com.au/If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast - support@homebuyeracademy.com.auLooking for a Sydney Buyers Agent? https://www.gooddeeds.com.auWork with Veronica: https://www.veronicamorgan.com.auLooking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/Work with Meighan: https://www.linkedin.com/in/meighanwells/ 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: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcastSubscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee omnystudio.com/listener for privacy information.
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    31 mins
  • Could a HECS Debt Derail a First Home Buyer’s Purchase?

    Could a HECS Debt Derail a First Home Buyer’s Purchase?
    May 14 2024
    In the pursuit of homeownership, the last thing any first home buyer wants to encounter is an unexpected financial hurdle. In this episode, we talk about how buying your first home can be really tricky and highlight the potential pitfalls that could trip you up along the way. Specifically, we explore a real-life story where a HECS debt nearly derailed a first home buyer's purchase, shedding light on the crucial lessons to be learned. Throughout the discussion, we bring up some of the common blunders such as relying heavily on a broker without fully understanding all the associated costs, feeling the pressure to buy due to outside influences, and underestimating the financial cushion needed for unexpected expenses. Our aim is to provide practical insights to help you steer clear of these pitfalls when it's your turn to enter the housing market. Don't let avoidable mistakes stand in the way of buying your first home—tune in to understand the importance of following the right process. Let’s dive in! Episode Highlights: 00:00 - Introduction 02:23 - Meighan’s special house of the week 04:36 - What is the headline of today’s disaster case study 13:19 - Mistake #1: Assuming that engaging a broker will streamline the home buying process 14:17 - Mistake #2: Not knowing the amount of money needed 15:45 - Mistake #3: A bad broker 17:51 - Mistake #4: Buyer did her research online but you still don’t know what you don’t know 20:54 - Mistake #5: Choosing to buy a property because of FOMO 24:51 - The dangers of not fully understanding the fees you have to pay when buying a property 27:27 - Where does the responsibility of the buyer start when buying a property Resources mentioned in this episode: Meet our recommended mortgage brokers at Home Buyer Academy https://homebuyeracademy.com.au/brokersYour First Home Buyer Guide Episode #58: How This Family Could Have Avoided Losing Their Entire House Deposit https://homebuyeracademy.com.au/podcasts/058Your First Home Buyer Guide Episode #62: Should First Home Buyers Buy Off the Plan? https://homebuyeracademy.com.au/podcasts/062Your First Home Buyer Guide Episode #78: Sunset Clause: The Hidden Time Bomb https://homebuyeracademy.com.au/podcasts/078Your First Home Buyer Guide Episode #82: Buyer Beware: First Home Becomes Costly Nightmare https://homebuyeracademy.com.au/podcasts/082Your First Home Buyer Guide Episode #123: Demolition Disaster: Tips to Avoid a Rebuild Catastrophe https://homebuyeracademy.com.au/podcasts/123Your First Home Buyer Guide Episode #126: What Essential Step Did These First Home Buyers Neglect? https://homebuyeracademy.com.au/podcasts/126Gen Z’er reveals how her HECS debt almost shattered her real estate dreams https://bit.ly/4aiRm6W Resources: FREE MINI COURSE: How to price property like a professional https://www.homebuyeracademy.com.au/freecourseVisit our website https://www.homebuyeracademy.com.au/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/YFHBGIf you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast support@homebuyeracademy.com.auLooking for a Sydney Buyers Agent? https://www.gooddeeds.com.auWork with Veronica: https://www.veronicamorgan.com.auLooking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/Work with Meighan: https://www.linkedin.com/in/meighanwells/ 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: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcastSubscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421fSee omnystudio.com/listener for privacy information.
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    33 mins
  • Heidi’s Journey from Dreamer to Homeowner - A Case Study

    Heidi’s Journey from Dreamer to Homeowner - A Case Study
    May 7 2024

    This episode follows Heidi's journey, a first-time home buyer and a Home Buyer Academy graduate who shares the story of how she went from dreaming of owning a home to actually making it a reality.

    We discuss Heidi’s journey of saving money, learning about the home buying process, and searching for the perfect home. We dive into the challenges she faced and the decisions she had to make along the way (she even recounts the experience of how she almost bought the wrong property).

    Through Heidi’s story, we aim to provide practical advice and insights for others who are considering buying their first home. Join us as we follow her inspiring journey from dreamer to homeowner.

    If you’re thinking about buying a home or probably know someone who does, this episode has something for you. So let’s dive in and get started!

    Episode Highlights:

    00:00 - Introduction

    02:57 - When did Heidi decide that she wanted to buy a property

    03:55 - How long did it take Heidi to save up enough money to buy a property

    07:01 - When did Heidi start learning about how to buy a property

    08:41 - Why did Heidi’s criteria for property selection evolve?

    12:39 - How Heidi's perception of properties changed from online to in-person

    16:49 - What got Heidi to the point of saying “this is the one”

    17:28 - How Heidi almost bought the wrong house

    20:51 - How Heidi balanced her preferences and concerns during the decision-making

    26:10 - What process did Heidi use to buy the property: Private treaty or auction?

    29:08 - How long did the decision-making process take before finalising the purchase

    31:10 - How Heidi feels now that she has a mortgage

    32:45 - Heidi’s plans of moving in

    33:52 - Heidi’s advice for those who are still hesitating about doing the first home buyer guide

    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
    • Visit our website https://www.homebuyeracademy.com.au/
    • 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 support@homebuyeracademy.com.au
    • 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/
    • Work with Meighan: https://www.linkedin.com/in/meighanwells/

    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: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
    • Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
    • Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f

    See omnystudio.com/listener for privacy information.
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    37 mins
Economics
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