How One Simple Step Could Have Prevented This Property Catastrophe

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Relying on outdated photos and the assurances of an agent, she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

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/



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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