Could One Small Oversight Cost You $60k as a First Home Buyer?

What would you do if you found out a single mistake could cost
you $60,000 on your first home? That’s exactly what happened to
Jessica, and we’re diving into her story today. This is one tough
lesson about what can go wrong when you don’t have the right
advice or information. The good news? By learning what went
wrong, you’ll know exactly what to do to avoid a similar
disaster.


In this episode, we break down Jessica’s experience step by step
and we start with explaining how things spiralled out of control,
from signing a contract too early to not having the right support
crew in place. We share what questions Jessica should’ve asked,
why due diligence matters so much, and how skipping one simple
step left her facing potential bankruptcy.


But it’s not all doom and gloom! We’re here to guide you on how
to do things the right way. From understanding body corporate
fees and special levies to the value of engaging a good
conveyancer before you make an offer, we’re arming you with the
knowledge you need to be an educated homebuyer.


By the end of this episode, you’ll know how to spot red flags,
negotiate smartly, and protect yourself from hidden costs. After
all, it’s all about being in control, making informed decisions,
and feeling confident on your journey to homeownership. So let’s
make sure your first home is everything you dreamed of—without
the nightmares.


Episode Highlights:


00:00 - Introduction


02:15 - A little backstory about today’s disaster story


04:00 - Lessons from Jessica’s mistakes


04:34 - Never sign a contract without legal advice especially if
the contract is legally binding


05:33 - Why understanding disclosure statements and body
corporate minutes is essential


09:01 - Knowing the right questions to ask the vendors and agents


12:30 - Why getting the right support crew is number ONE in our
first home buyer guide


14:23 - What you need to know about property disclosure
obligations


21:00 - Step #1: Inspect the property critically


21:52 - Step #2: Do price research


22:36 - Step #3: Order a strata report and read it


23:51 - Step #4: Take the contract of sale and the strata report
to your lawyer


25:30 - Step #5: Evaluating special levies before buying property


28:33 - Step #6: Negotiate with the agent


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/




Join our Facebook Group to get access to free monthly live
Q&A sessions




https://www.facebook.com/groups/yourfirsthomebuyerguideaustralia




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/




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