In todays episode we’re exploring how to create our property brief. A property brief is kind of like a list, which defines HOW MUCH we’re going to spend, WHERE we’re going to be looking, and the TYPE of property we’re going to buy. It’s kind of like putting together a grocery shopping list, and I’m not sure about you but if I create a list before I go to the supermarket I’m much more likely to only buy what I need, not forget anything, and not just walk around aimlessly trying to think what I’m going to make for dinner tomorrow night.
We discuss some tips around budget setting, choosing a location, and defining the characteristics a property needs to have to tick your wishlist. It’s super important to try and get your property brief right from the very beginning, and to make sure you’re on the same page as your partner.
We also emphasise the need to do a REALITY CHECK on your property brief. Remember - just because you want something doesnt mean you can afford it (remember the good old Champagne Taste Beer Budget analogy)
Getting your brief sorted from the very start will save you time, energy, missed opportunities and potential heartache.
Do you have a burning property question you’d like answered on the show? Connect with us on instagram @thebuyersbible, we’d love to hear from you with questions, thoughts and feedback. Don’t forget to head to our website www.thebuyersbible.com.au for our show notes, and to download your free first home buyer checklist.
Information provided in our podcast is general in nature and does not constitute financial advice. Every effort has been made to ensure the information is accurate, listeners must not rely on this information to make investment or financial decisions.
Theme music: Lioness (Instrumental) by DayFox https://soundcloud.com/dayfox Free Download / Stream: https://bit.ly/lioness-instrumental