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 [email protected]!

We’ll see you on the inside!

 

Episode Highlights:

1. The weird building in China [02:35]
2. Setting the background: What happened last May 2019? [04:44]
3. The risks of having a long settlement on your property [06:27]
4. Why you should get legal advice before signing a contract [07:59]
5. The problem with making decisions based on emotions [10:39]
6. Knowing what you don’t know [14:06]
7. Build your team and don’t just rely on online calculators [16:43] 
8. The Dangers of Skipping Steps in the P.A.C.E. system [18:42]
9. Not all properties are equal [22:51]
10. 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

 

If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!

See omnystudio.com/listener for privacy information.