More Home Buying Terms to Know (Part 2)

First home buyers can get lost understanding property market
jargon. In part one (last week’s episode), we covered some of the
people you might come across in your property search as well as
some of the terms you might hear mortgage brokers and accountants
use.


In part two of our real estate user’s guide, we interpret a whole
lot more of the commonly used terms (and some of the more
ridiculous ones as well!). Since every industry has its own
particular language, we want you to be able to speak the real
estate lingo with ease.


There’s a whole bunch of terms to cover so let’s get into it!


 


Episode Highlights:
What is rentvesting? [02:31] ‘Manufacturing
Equity’ sounds complicated, but it really isn’t
[05:01] Explaining the ‘cooling off’ period &
66W Certificate [06:38] Conditional Offers &
some examples [10:47] Is ‘gazumping’ a bad thing?
[11:44] What are Holding Deposits?
[12:36] Exploring terms used in auctions
[13:12] What the heck does ‘freestanding to one
side” mean? [15:52] ‘North-facing’ property
[16:39] Can a property really have ‘unlimited
potential’? [17:50] Why ‘renovator’s delight’
isn’t truly delightful [18:53]


Link/s from the show:


Check out Part 1 for more Home Buying Terms to Know!



 


Connect With Us:


Home Buyer Academy Website
(https://www.homebuyeracademy.com.au/)



 


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