How This Family Could Have Avoided Losing Their Entire House Deposit

In December, one headline sent every homebuyer in a state of
fear: ”weird detail in contract let sellers keep Victorian
family’s $320k house deposit”.


Is it really that detail that made them lose their money? Or was
it just a mistake they could’ve avoided had the right process
been taken?


Today, we’ll dig deeper into that news story, study every aspect
of the transaction, and understand why the Victorian family lost
their money. We’ll also discuss the steps you need to take to not
experience the same misfortune and what you should do before
buying a property.


If you enjoy the show, do like, rate, subscribe, and share it
with others! We have loads of resources available and if you’d
like to chat, email us at support@homebuyeracademy.com.au!


We’ll see you on the inside!


 


Episode Highlights:
The weird building in China [02:35] Setting
the background: What happened last May 2019?
[04:44] The risks of having a long settlement on
your property [06:27] Why you should get legal
advice before signing a contract [07:59] The
problem with making decisions based on emotions
[10:39] Knowing what you don’t know
[14:06] Build your team and don’t just rely on
online calculators [16:43]  The Dangers of
Skipping Steps in the P.A.C.E. system [18:42] Not
all properties are equal [22:51] Was there really
a weird detail that cost them their house deposit?
[26:57]

 


Links from the Show:


‘Weird’ detail let sellers keep Victorian family’s $320k
house deposit



 


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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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