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Taking Back Saturday episodes
- Navigating Auctions: Tips for Buyers to Build Confidence and Bid Well
This week Chayse and Sam talk about the advantages of the auction process, emphasising the transparent nature of an auction environment, and how it can benefit both sellers and buyers by providing certainty. The episode talks through auction dynamics, the importance of having the pressure conversations ahead of the auction, not at it, knowing your walk away price, building rapport with auctioneers, and the psychological performance often seen between bidders.
Key Takeaways:
Auction Preparation: Proper preparation like knowing your limit and registering early can significantly increase your chances of success at an auction.
The Emotional Aspect: Engaging in pre-auction strategising helps potential buyers handle the emotional pressures of an auction
Bidding Strategy: It's crucial to have a number of plans in place before the auction starts, then you can read the room and make a confident decision as to when to make a bid and how to react to others' bids.
Understanding Market Value: Recognise where market value for a property may be so you can work through what premium you might need to pay above the market value in a competitive auction setting.
- Auctions as a Learning Experience: Even if you're not bidding, attending auctions can be incredibly educational, teaching you about bidding behaviours and strategies.
24 min - How to do your due diligence like a pro
Chayse and Sam talk through the importance of digital due diligence and then outline the tools and necessary steps and strategies to perform fast, and consistent, due diligence that all happy buyers should follow ahead of purchasing a property.
Key Takeaways:
Due diligence is a critical aspect of home buying that involves researching unseen elements of a property such as easements, flood risk, and many other potential risk factors or property constraints.
Building and pest inspections, Develo reports, and body corporate searches are pivotal in uncovering potential issues and reducing the risk of future surprises and expenses.
Knowing the ins and outs of a property—including possible objections to its sale—makes for a more comfortable and financially worthwhile future resale opportunity.
Before making an offer, it is advisable to seek a solicitor’s advice for contract reviews and if buying a unit, to obtain the most recent AGM minutes from body corporates.
21 min - How to buy soon after missing out
This week Chayse and Sam are talking through why it feels like the market is ‘slow’ for good properties, what that means for buyers when a great home does hit the market, and how you can use the disappointment of missing out to fuel a successful offer and purchase soon after.
Key Takeaways:
- Missing out is part of buying a home for most people and can often set you up for success soon after.
- There’s only really one or two near perfect homes on the market each month amongst a lot of average stock
- It's crucial to engage closely with real estate agents after missing out on a property
- Make sure you have the right broker advising you. Conditions matter when it comes to competitive offers
18 min - How to buy amongst big crowds
A long weekend was the catalyst for what feels like half of Brisbane making the decision to buy a home and it’s common to see 50+ people at certain open homes each weekend. This week Chayse and Sam talk through how to spot the real buyers from the browsers at an open home, how to get ahead of any other buyers before the end of a Saturday and if you find something you love, what you can do to make sure you’re either buying it, or learning something to take into the next one.
Key Takeaways:
House hunting can be an overwhelming experience when there’s 50 other groups of buyers at one open home.
Don't be deterred by large turnouts at open houses; a lot of these attendees are there out of curiosity rather than with any serious intent to buy.
Deepen your relationship with real estate agents by being proactive on a Saturday.
Show keenness and engage in a conversation with agents to stand out amongst the rest of the crowd.
17 min - Urgency and flexibility
This week Sam and Chayse discuss what to expect ahead of the first weekend after Easter with more sellers, and more buyers, all ready to make decisions now. They also touch on the continued rise of house prices both in Brisbane and nationally and why you may want to ask yourself a few questions before making the decision as to if now is the right time to buy for you.
Key takeaways
Accept the current market conditions. Values continue to rise due to increased buyer competition.
Interest rates have not slowed growth.
If you have the need and means to buy without being uncomfortably stretched both emotionally and financially, make a quick, confident offer when you find the right thing
Different strategic approaches to buying: urgency vs. flexibility, and how those can be leveraged to a buyer's advantage.
The nuances of "off-market" listings and the importance of understanding what genuinely constitutes an off-market property.
The impact of early interactions with agents and proactive steps buyers can take to stand out ahead of everyone else with real estate agents.
Practical advice on dealing with the highs and lows of house hunting
16 min - Get yourself ready for the rush
This week Sam and Chayse discuss the pressures that come with house hunting, especially in a market where there’s almost always more than one buyer (and more than one bidder/offer) for every good home, and talk through how to navigate an auction, and a multiple offer situation, successfully.
Key Takeaways:
House hunting right now feels high-pressure and can require significant research and a strategic approach
Auctions offer transparency where bidders can gauge market value, but they can also be emotionally charged environments.
Knockout bids are a strategy used to discourage competition, but they can backfire if not handled correctly.
Best and final offer scenarios lack transparency, making it essential for buyers to ask the right questions and be prepared with their best offer.
Having the right team around you gives you the confidence to participate in both scenarios proactively.
17 min - Auctions, interest rates and Easter
Episode Summary:
This week Sam and Chayse are talking about the pre-Easter period, highlighted by a big auction weekend ahead and a lack of new properties being actively launched - both of which provide unique opportunities for savvy buyers.
Key Takeaways:
The pre-Easter period can be a strategic opportunity for house hunters to access pre-market properties to get a head start over the competition in the housing market.
Buyers should periodically reevaluate their must-haves to ensure they are pursuing realistic property goals.
Attending auctions of properties you have no intention of buying will provide valuable insights into the auction process and aid in developing auction/bidding confidence and market understanding.
17 min - The market Marches on
On this week’s episode of Taking Back Saturday, Chayse and Sam talk through the mid-March market here in Brisbane. They dissect the current state of buying a house, which can oftentimes be a taxing process. From the competitive nature of the market to strategic auction insights, they offer practical guidance to listeners navigating the ups and downs of purchasing a home in the next few weeks.
As they wade through the specifics of various market segments, they shed light on how and why the Brisbane property market under $2 million is particularly "loose," brimming with eager buyers powering through the scarcity of good listings.
27 min - Holy f*ck, we bought a house!
In the last episode of the ‘home buying 101’ series, Chayse Jones and Sam Hunter provide invaluable insights into what follows after signing a contract for a new home. They cover the essential post-contract steps, packed with practical advice on navigating the significant transition into homeownership. From house hunting struggles to the challenges of closing the deal, this episode encapsulates the journey of buying a property and the emotional rollercoaster that often accompanies it.
This episode is a treasure trove for first-time buyers, seasoned investors, and anyone in between, as the hosts condense their real estate wisdom into actionable takeaways.
29 min - Auctions aren't that scary
In this engaging episode of the Happy Buyers Club podcast, Taking Back Saturday, hosts Sam Hunter and Chayse Jones dive deep into the often daunting world of real estate auctions.
They talk through the intricacies of auction theory, strategy, and the emotional rollercoaster associated with such high-stakes environments. Sam and Chayse dismantle the fear surrounding auctions, offering practical advice on preparation, bidding tactics, and talk through why auction day sometimes feels like psychological warfare.
37 min
About Taking Back Saturday
From the publisher's feed
Buying a house is hard. The market is competitive and for a lot of buyers, it feels like everything is stacked against them and they don't know where to turn or who to trust. Join Sam Hunter & Chayse Jones from Happy Buyers Club every week as they explore and unlock the often complicated world of real estate to help every day aussies understand how real estate really works. Think of this as home buyer therapy.
Learn more - https://linktr.ee/happybuyersclub