Most first home buyers don’t fail because the market is too hard —they fail because they follow the steps in the wrong order.

They start scrolling listings, falling in love with homes they’re not ready to buy, and end up overwhelmed, stressed, or stuck. In this episode, we explain why that one mistake can cost you tens of thousands of dollars—and how to avoid it.

We break down our proven PACE system, a 10-step map designed to stop first home buyers from wandering blindly through the buying process. You’ll learn why preparation always comes before property, how building the right support crew early can protect your money and your sanity, and why understanding your real budget goes far beyond what the bank says you can borrow. We also talk about planning for the future-you—not just today—so you don’t outgrow your first home faster than you expect.

As we move through the action and commitment phases, we unpack how to search with intent, decode agent language, pause and recalibrate before things get serious, and understand how different methods of sale change the rules completely. We also explain why due diligence, pricing strategy, and emotional control matter more than gut feel—especially when price guides, online valuations, and “helpful” advice can quietly lead you astray.

This is the exact system we use when buying properties for clients—and the same framework we teach step by step inside the First Home Buyer Course. If you want to stop second-guessing yourself, avoid rookie mistakes, and move forward with clarity and confidence, this episode will show you where to start.

Episode Highlights

00:00 — Introduction: Common Mistakes of First Home Buyers

01:04 — The PACE System: A 10-Step Map

04:15 — Phase 1: Preparation - Building Your Support Team

10:13 — Phase 2: Action - Searching and Inspecting Properties

14:26 — Phase 3: Commitment - Understanding Methods of Sale

19:56 — Phase 4: Execution - Finalizing the Purchase

25:42 — Conclusion: The PACE System Overview

Mentions

1. Episode HBA 256 — Mortgage Strategy for First Home Buyers
2. Episode HBA 263 — Cracking the Property Market: Joel's Journey from Student to Homeowner (Case Study)

Course Details:

1. THE First Home Buyer Course is our Step-By-Step, No BS Guide to Every Stage of The Home Buying Process – It’s the next best thing to having your own buyer’s agent. With our expert guidance, you’ll know what to do at every step along the way. Become a home owner faster and easier. Click here: https://homebuyeracademy.com.au/YFHBG

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