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Episode 15: Understanding Agent Tactics and the Importance of Due Diligence
Manage episode 430629269 series 3588444
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In this episode, Wendy discusses the frustrations of dealing with real estate agents, the importance of due diligence, and the intricacies of property valuations. Learn how to navigate the unpredictable waters of the real estate market and ensure you're making informed decisions.
Key Moments:
- The Offer Saga: Wendy continues the story from a previous episode, detailing how an offer $100,000 over the guide price was rejected in favour of a counter-offer $300,000 above the guide price.
- Statement of Information: The role and limitations of the Statement of Information in Victoria, and how agents sometimes manipulate it.
- Agent Trust Issues: The difficulties buyers face in trusting real estate agents and how this impacts their property buying experience.
- Off-Market Opportunities: Wendy highlights the abundance of off-market properties and how she leverages her network to find hidden gems for her clients.
- The Emotional Price: Understanding how emotional attachment can drive up property prices and how to manage this as a buyer.
- Due Diligence: The importance of getting building and pest inspections, and real-life examples of how they can save buyers from costly mistakes.
- Market Dynamics: Insights into the current property market in Melbourne, including the effects of stamp duty and other costs on property availability.
- Government Policies: A look at how government policies and taxes impact the real estate market and the behavior of buyers and sellers.
- Supporting Buyers: How Wendy and her team at Chamberlain Advocates support buyers, offering expertise and advocacy to ensure a smooth buying process.
Its a HUGE one!
Tune in to gain valuable insights into the real estate market, learn how to protect your interests as a buyer, and hear Wendy's expert advice on navigating the often tricky world of property transactions. Whether you're a first-time buyer or a seasoned investor, this episode offers essential information to help you make informed decisions.
https://www.propertymama.com.au/
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🏷️ Real estate market trends, property investment strategies, first-time homebuyers, off-market listings, buyers advocates, property inspections, real estate negotiations, home staging tips, mortgage options, property valuation, housing market analysis, real estate agents, selling strategies, real estate contracts, closing process, property management, rental properties, investment properties, real estate portfolio, home equity, property taxes, housing market forecast, real estate marketing, property appraisal, and real estate regulations.
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