Are property spruikers exploiting first home buyers' dreams? In a market saturated with alluring promises, some argue that property spruikers are taking advantage of the aspirations of first home buyers. Is it ethical to dangle the prospect of homeownership without providing a comprehensive understanding of the risks involved?

You've probably scrolled through your social media feeds and undoubtedly come across those enticing ads promising homeownership for the price of a weekly cup of coffee. The allure of massive growth areas and promises of making thousands a week can be captivating, but it's crucial to navigate this landscape with caution. As a first home buyer, you're entering a significant financial commitment, and separating the genuine opportunities from the dubious ones is paramount.

In this episode, we're your guides in understanding the world of property spruikers. We'll equip you with the tools to distinguish the legitimate property advisors from those who are just out to make a quick buck. Through insightful discussions and real-life examples, we'll uncover the red flags to look out for. From aggressive sales tactics to unrealistic guarantees, we'll empower you to spot these warning signs a mile away.

Take control of your home buying journey, don't fall for the traps – arm yourself with information and make a step towards securing your future home wisely. Stay tuned!

Episode Highlights:

00:00 - Introduction

02:13 - Meighan’s special house of the week

03:37 - What is a property spruiker?

06:00 - How property spruikers lie about statistics

11:43 - Common warning signs that could indicate you’re dealing with a property spruiker

17:18 - Meighan and Veronica recount their experiences in dealing with property spruikers

29:38 - How can you protect yourself from property spruikers?

34:11 - Are there legal measures in place to protect investors from property spruikers?

Resources:

• FREE TRAINING: How to make an educated decision so you buy your first home with the right amount of debt https://homebuyeracademy.com.au/webinar
• Visit our website https://www.homebuyeracademy.com.au/
• Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
• If you have any questions or would like to be featured on our show, contact us at: Your First Home Buyer Guide Podcast [email protected]
• Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
• Work with Veronica: https://www.veronicamorgan.com.au
• Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
• Work with Meighan: https://www.linkedin.com/in/meighanwells/

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!

• Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
• Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
• Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f

See omnystudio.com/listener for privacy information.