Buying a property at auction can be terrifying and exhilarating. And no matter how many times you watch an auction, nothing can really prepare you for the feeling you get when you actually need to bid yourself. Auctions are super fast paced, dynamic and unpredictable environments where anything can happen.
But whilst the outcome is out of your control, there are a lot of things which you can do prior to and during an auction to put yourself in the best position possible. In today’s episode we’ll be exploring the rules with auctions, all the things you need to prepare before auction day, my top bidding tips and what to do if the property passes in.

Do you have a burning property question you’d like answered on the show? Connect with us on instagram @thebuyersbible, we’d love to hear from you with questions, thoughts and feedback. Don’t forget to head to our website www.thebuyersbible.com.au for our show notes, and to download your free first home buyer checklist.
Information provided in our podcast is general in nature and does not constitute financial advice. Every effort has been made to ensure the information is accurate, listeners must not rely on this information to make investment or financial decisions.
Theme music: Lioness (Instrumental) by DayFox https://soundcloud.com/dayfox Free Download / Stream: https://bit.ly/lioness-instrumental

In today’s episode we’re exploring how to submit an offer. Unlike auctions where there’s super strict rules around how the buyer and agent need to behave, there’s actually no rules around private sales and submitting offers, and every real estate agency and agent will have a different process in how they handle offers. We’ll be running through the difference between verbal and written offers, how to clarify the offer process with the agent and the types of questions to ask, and the nuances around submitting offers prior to auction which can be a really delicate situation.

Do you have a burning property question you’d like answered on the show? Connect with us on instagram @thebuyersbible, we’d love to hear from you with questions, thoughts and feedback. Don’t forget to head to our website www.thebuyersbible.com.au for our show notes, and to download your free first home buyer checklist.
Information provided in our podcast is general in nature and does not constitute financial advice. Every effort has been made to ensure the information is accurate, listeners must not rely on this information to make investment or financial decisions.
Theme music: Lioness (Instrumental) by DayFox https://soundcloud.com/dayfox Free Download / Stream: https://bit.ly/lioness-instrumental

Building & pest inspections are a vital step in the due diligence process. I recommend getting one for EVERY type of property - even brand new properties and apartments. Listen to this episode to find out why!
Today I'm joined by Craig Mace from Mace Building inspections. We explore:
Why you should consider getting a building (and sometimes pest) inspection
The types of issues an inspection may uncover, including
Structural issues
Major defects
Minor defects
Safety hazards
Quality of the renovation
Whether inspectors can provide you an idea around how much it could cost to fix issues identified
WHEN you should get one (eg before or after you submit the offer)
How much they cost
The importance of a 'verbal debrief' after an inspection
The limitations of a building inspection
The importance of wording your building inspection clause correctly

Do you have a burning property question you’d like answered on the show? Connect with us on instagram @thebuyersbible, we’d love to hear from you with questions, thoughts and feedback. Don’t forget to head to our website www.thebuyersbible.com.au for our show notes, and to download your free first home buyer checklist.
Information provided in our podcast is general in nature and does not constitute financial advice. Every effort has been made to ensure the information is accurate, listeners must not rely on this information to make investment or financial decisions.
Theme music: Lioness (Instrumental) by DayFox https://soundcloud.com/dayfox Free Download / Stream: https://bit.ly/lioness-instrumental

26 Doing your Due Diligence (don’t skip these steps!)
We run through the due diligence steps you NEED to take when you’re buying a property. Due diligence (or “DD”) is the investigation of every aspect or feature of a property which could impact its value and suitability.
Aside from figuring out how much a property is worth (which we covered in episode 25), due diligence includes our council investigations, checking the zoning & overlays, cross checking the property with our mortgage broker (and making sure our pre-approval is still valid!), arranging a contract review by our legal rep, and our building & pest inspection.
We discuss HOW to do your DD, WHEN to do it, and why it’s SO important.

Do you have a burning property question you’d like answered on the show? Connect with us on instagram @thebuyersbible, we’d love to hear from you with questions, thoughts and feedback. Don’t forget to head to our website www.thebuyersbible.com.au for our show notes, and to download your free first home buyer checklist.
Information provided in our podcast is general in nature and does not constitute financial advice. Every effort has been made to ensure the information is accurate, listeners must not rely on this information to make investment or financial decisions.
Theme music: Lioness (Instrumental) by DayFox https://soundcloud.com/dayfox Free Download / Stream: https://bit.ly/lioness-instrumental

In todays episode we’re exploring how to figure out how much a property is worth. We run through how to do a comparable sales analysis - this this is the best way for us to determine the value of a property. We’ll discuss the difference between what a property is worth on paper, versus what it’s worth to you, and we’ll also be chatting about bank valuations and computer generated reports. You might receive one of these reports from your bank or mortgage broker, I REALLY don’t like these reports, and I’ll be discussing why they can actually do more harm than good.


Do you have a burning property question you’d like answered on the show? Connect with us on instagram @thebuyersbible, we’d love to hear from you with questions, thoughts and feedback. Don’t forget to head to our website www.thebuyersbible.com.au for our show notes, and to download your free first home buyer checklist.
Information provided in our podcast is general in nature and does not constitute financial advice. Every effort has been made to ensure the information is accurate, listeners must not rely on this information to make investment or financial decisions.
Theme music: Lioness (Instrumental) by DayFox https://soundcloud.com/dayfox Free Download / Stream: https://bit.ly/lioness-instrumental

Today I’ll be running you through what you should be saying and doing at an inspection, how to have the challenging conversation with an agent regarding your budget, what kind of things you should be asking the agent if you’re interested in a property, and later in the episode I’ve got some real estate agents telling us the types of things which buyers SHOULDN’T be saying to an agent.

Do you have a burning property question you’d like answered on the show? Connect with us on instagram @thebuyersbible, we’d love to hear from you with questions, thoughts and feedback. Don’t forget to head to our website www.thebuyersbible.com.au for our show notes, and to download your free first home buyer checklist.
Information provided in our podcast is general in nature and does not constitute financial advice. Every effort has been made to ensure the information is accurate, listeners must not rely on this information to make investment or financial decisions.
Theme music: Lioness (Instrumental) by DayFox https://soundcloud.com/dayfox Free Download / Stream: https://bit.ly/lioness-instrumental

Strap on your favourite bum bag and grab your notepad and measuring tape - this week we’re inspecting properties!
Amy tells us her 13 top things to look out for at an inspection, which includes:
Natural light
Noise from nearby roads, train lines or other noisey things (eg schools!)
Making sure room sizes match up with the floorplan measurements, and can fit your stuff
Parking off street - both the size and turning circles
Heating & cooling
Questions for your building inspector
Light switches and fuse boxes
Goods which come with the property
Quality of the floorplan
Storage
The subfloor condition
Common property
Car spaces, storage cages or courtyards which are ON your title (versus a lease or common property)
We also chat about the things to look out for before you even go inside the property - the streetscape, neighbours and local development risk. Plus some inspection etiquette, because we always want to kick things off on the right foot with the real estate agents.


Do you have a burning property question you’d like answered on the show? Connect with us on instagram @thebuyersbible, we’d love to hear from you with questions, thoughts and feedback. Don’t forget to head to our website www.thebuyersbible.com.au for our show notes, and to download your free first home buyer checklist.
Information provided in our podcast is general in nature and does not constitute financial advice. Every effort has been made to ensure the information is accurate, listeners must not rely on this information to make investment or financial decisions.
Theme music: Lioness (Instrumental) by DayFox https://soundcloud.com/dayfox Free Download / Stream: https://bit.ly/lioness-instrumental

Searching for properties sounds easy right. Just jump onto Realestate.com.au or Domain and click search? Wrong! If you want to make sure you’re searching effectively AND getting access to as many off market (and pre market) opportunities as possible, you need to listen to this episode.
Amy shares her top tips for using the online search websites most effectively before discussing the elusive world of OFF MARKET properties. We explore what an off market is, why they can be exciting (but also - why they can also be a complete waste of time), the difference between ‘off market’ and ‘pre-market’, and how to find these elusive types of properties. Amy also explains how agent authorities work, you need to know about this especially when it comes to dealing with off markets.

Do you have a burning property question you’d like answered on the show? Connect with us on instagram @thebuyersbible, we’d love to hear from you with questions, thoughts and feedback. Don’t forget to head to our website www.thebuyersbible.com.au for our show notes, and to download your free first home buyer checklist.
Information provided in our podcast is general in nature and does not constitute financial advice. Every effort has been made to ensure the information is accurate, listeners must not rely on this information to make investment or financial decisions.
Theme music: Lioness (Instrumental) by DayFox https://soundcloud.com/dayfox Free Download / Stream: https://bit.ly/lioness-instrumental

In todays episode we’re exploring how to create our property brief. A property brief is kind of like a list, which defines HOW MUCH we’re going to spend, WHERE we’re going to be looking, and the TYPE of property we’re going to buy. It’s kind of like putting together a grocery shopping list, and I’m not sure about you but if I create a list before I go to the supermarket I’m much more likely to only buy what I need, not forget anything, and not just walk around aimlessly trying to think what I’m going to make for dinner tomorrow night.
We discuss some tips around budget setting, choosing a location, and defining the characteristics a property needs to have to tick your wishlist. It’s super important to try and get your property brief right from the very beginning, and to make sure you’re on the same page as your partner.
We also emphasise the need to do a REALITY CHECK on your property brief. Remember - just because you want something doesnt mean you can afford it (remember the good old Champagne Taste Beer Budget analogy)
Getting your brief sorted from the very start will save you time, energy, missed opportunities and potential heartache.

Do you have a burning property question you’d like answered on the show? Connect with us on instagram @thebuyersbible, we’d love to hear from you with questions, thoughts and feedback. Don’t forget to head to our website www.thebuyersbible.com.au for our show notes, and to download your free first home buyer checklist.
Information provided in our podcast is general in nature and does not constitute financial advice. Every effort has been made to ensure the information is accurate, listeners must not rely on this information to make investment or financial decisions.
Theme music: Lioness (Instrumental) by DayFox https://soundcloud.com/dayfox Free Download / Stream: https://bit.ly/lioness-instrumental

Rentvesting as a strategy involves buying a property, and leasing it out whilst continuing to rent somewhere else, or perhaps continuing to live at home. If you’ve decided that rentvesting is a strategy you might want to pursue, especially after listening to last weeks episode where we discussed investment basics and how property compares to other investment classes, then your next step is to start educating yourself on property investment 101.
Because if we’re rentvesting rather than buying a home to live in, we need to have a clear investment strategy which is based on the pure, hard numbers, rather than emotion. There is no point in buying an investment property if it isn’t going to give you the right return, and achieve your goals.
In todays episode we discuss the pros and cons of rentvesting, why you should bother considering it, what you need to consider when putting an investment strategy together, tax implications - CGT and negative/positive gearing, and how to get independent advice.

Do you have a burning property question you’d like answered on the show? Connect with us on instagram @thebuyersbible, we’d love to hear from you with questions, thoughts and feedback. Don’t forget to head to our website www.thebuyersbible.com.au for our show notes, and to download your free first home buyer checklist.
Information provided in our podcast is general in nature and does not constitute financial advice. Every effort has been made to ensure the information is accurate, listeners must not rely on this information to make investment or financial decisions.
Theme music: Lioness (Instrumental) by DayFox https://soundcloud.com/dayfox Free Download / Stream: https://bit.ly/lioness-instrumental