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In this first podcast about buying a home, Tom Chapman, Consumer Protection Officer in the Kimberley covers some of the basics. In the current tight rental market, some people are turning to buy their own home. It can be a great option but it’s important to understand both the process and the market. Don’t rush in as it can be costly to back out of a contract. Know who’s who and who they represent – the seller’s agent must act in the best interest of the vendor to get them the best price; they’re not there to act for the buyer. There is a code of conduct though, regulated by Consumer Protection, so agents must disclose material facts – listen to our podcast to find out what that means and other key information you should know before you start house hunting.
In this first podcast about buying a home, Tom Chapman, Consumer Protection Officer in the Kimberley covers some of the basics. In the current tight rental market, some people are turning to buy their own home. It can be a great option but it’s important to understand both the process and the market. Don’t rush in as it can be costly to back out of a contract. Know who’s who and who they represent – the seller’s agent must act in the best interest of the vendor to get them the best price; they’re not there to act for the buyer. There is a code of conduct though, regulated by Consumer Protection, so agents must disclose material facts – listen to our podcast to find out what that means and other key information you should know before you start house hunting.