Curious to know how a seemingly innocent misstep cost an ill-fated couple their cherished home? What could they have overlooked in the buying process? And what can we learn from their heartbreaking experience?

Today, we talk about the story of a couple from the illustrious Gold Coast and how they tragically lost their cherished home due to a seemingly innocuous error.

May this episode serve as a stark reminder for all prospective homeowners about the paramount significance of comprehending the intricate buying process across diverse states and the indispensable need for meticulous research and thorough examination.

It has always been our objective to provide you with the tools and insights required to make well-informed decisions, avoid potential pitfalls, and safeguard your dreams of homeownership. So come and follow us to the Gold Coast to discover why understanding state-specific buying processes is absolutely crucial.

Trust us, this is an episode you wouldn't want to miss.

Tune in now and unlock the keys to a successful and fulfilling home-buying experience.

Episode Highlights:

00:00 - Introduction

03:24 - Couple's long battle over family home

05:08 - Buying property varies by state: Different states, different rules

07:38 - Explaining a caveat 

11:46 - Avoiding property disasters by hiring a local buyer's agent

15:07 - The importance of checking for changes before an auction

17:17 - What are the right questions to ask the conveyancer?

21:10 - What is an encumbrance on a mortgage?

23:13 - Why you need experienced people on your crew

27:20 - Worst case scenario you get when you ignore the red flags

Resources Mentioned in this Episode:

• Gold Coast couple never legally owned home they purchased at auction, court ruling finds https://bit.ly/3ooOKTj

Other resources:

• 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 Buyer's Agent? https://www.gooddeeds.com.au
• Work with Veronica: https://www.veronicamorgan.com.au
• Looking for a Brisbane Buyer's 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!

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