March 18, 2025

Step by step guide to buying property with Amy & Pete

44 minutes

In this Australian Property Podcast episode Pete Wargent and Amy Lunardi deliver their step by step guide to buying property.

Topics covered today:

This episode covers the step by step process AFTER you’ve gone through the finance process, which we covered a few episodes ago with Owen & Chris, however some of these steps can be done before you get your finance sorted

Research – last week's episode covers this but is an essential step which a lot of people skim over, especially home buyers. Do recommend doing this before you get pre-approval, never too early, but regardless of when you do it the key things you’re ideally wanting to understand are:

What’s happening in the market – broader and locally, why? Prices influence how quickly you have to move on offers, factoring into your appraisal & budget. Supply & scarcity

Research to create your PROPERTY BRIEF: your shopping list / workout plan -> ESSENTIAL STEP to moving forward

Educate yourself

Learning about the fundamentals of property: settlement, conditional offers, building inspections, state specific rules

Attending inspections & auctions, familiarising yourself with properties, meeting agents, starting to understand the lingo

Spending more time exploring the neighbourhoods

Potentially refining/changing your brief

Search phase: once pre-approved and emotionally ready, actively searching

Be proactive with online searches

Off markets & agent communication

Prioritising Saturdays and seeing properties asap

Due diligence: once you’ve found a suitable property / green light

Free and straight away: appraisal, local area check, council call, planning checks, landchecker, body corporate/owners corporation, old photos, agent info/notes, inclusions, speak to broker

Contract review- when and why

Building inspection & any other trade quotes – when and why

Important to still keep searching throughout for backup plans. Sometimes 2 options need to strategise re timing

Making an offer OR bidding at auction

Making an offer: how? Ask agent their process and timeframes. Conditional versus unconditional, price versus terms. Deposit

Auctions and buying prior

Post sale – documentation, finalise loan, final inspection, insurances, utilities

Rask Resources

Pete's Buyers Agency: https://www.allenwargent.com.au

Alcove mortgage broking: https://www.raskmedia.com.au/services/mortgage-broking

Amy Lunardi Buyers Agency (Melbourne) www.amylunardi.com.au

All services: https://bit.ly/R-services

Financial Planning: https://bit.ly/R-plan

Invest with us: https://bit.ly/R-invest

Access Show Notes: https://bit.ly/R-notes

Ask a question: https://bit.ly/R-quest

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

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