1
00:00:00,200 --> 00:00:02,960
Speaker 1: My name is Tatasha Bamblet. I'm a proud First Nations

2
00:00:03,000 --> 00:00:08,600
Speaker 1: woman and I'm here to acknowledge country t glennyan Ganya, Niana,

3
00:00:08,680 --> 00:00:11,920
Speaker 1: Kaka yah y and beIN Ahaka Nian our gay In Nibina,

4
00:00:11,960 --> 00:00:17,720
Speaker 1: yakarum Jar, Dominyamka Domaga, Ithawakaman, damon Imlan Bumba, bang Gadabomba,

5
00:00:17,800 --> 00:00:20,280
Speaker 1: in and now in wakah Ghana on yak rum Jar

6
00:00:20,680 --> 00:00:24,960
Speaker 1: water Nadaa. Hello, beautiful friends, we gather on the lands

7
00:00:24,960 --> 00:00:28,040
Speaker 1: of the Aboriginal people. We thank acknowledge and respect the

8
00:00:28,040 --> 00:00:31,280
Speaker 1: Abiginal people's land that we're gathering on today. Take pleasure

9
00:00:31,280 --> 00:00:33,839
Speaker 1: in all the land and respect all that you see.

10
00:00:34,600 --> 00:00:40,240
Speaker 1: She's on the Money podcast acknowledges culture, country, community and connections,

11
00:00:40,960 --> 00:00:44,600
Speaker 1: bringing you the tools, knowledge and resources for you to thrive.

12
00:00:44,840 --> 00:01:04,080
Speaker 2: She's on the Money. She's on the Money.

13
00:01:07,640 --> 00:01:10,520
Speaker 3: Hello and welcome do She's on the Money, the podcast

14
00:01:10,520 --> 00:01:14,480
Speaker 3: that helps you turn bigger money goals into everyday realities

15
00:01:14,800 --> 00:01:17,399
Speaker 3: and one of the biggest money dreams so many of

16
00:01:17,480 --> 00:01:21,520
Speaker 3: us in the community have. It's buying a home and

17
00:01:22,000 --> 00:01:26,119
Speaker 3: in twenty twenty five, it's exciting, it's emotional and let's

18
00:01:26,120 --> 00:01:28,600
Speaker 3: be honest it's basically like going to a warehouse sale.

19
00:01:28,840 --> 00:01:32,040
Speaker 3: Everyone is fighting over the last dress and you're just

20
00:01:32,120 --> 00:01:33,959
Speaker 3: trying to figure out if it actually fits and you

21
00:01:34,000 --> 00:01:37,240
Speaker 3: actually want it. So today we are giving you all

22
00:01:37,280 --> 00:01:39,440
Speaker 3: the tips and all the tricks and also a lot

23
00:01:39,440 --> 00:01:43,360
Speaker 3: of red flags, help you search smarter and buy with confidence.

24
00:01:43,880 --> 00:01:48,320
Speaker 3: I'm Victoria Devine and today with me isn't a regular beck,

25
00:01:48,800 --> 00:01:51,600
Speaker 3: but someone who's right in the thick of it, our

26
00:01:51,720 --> 00:01:56,160
Speaker 3: very own hopeful first home buyer, missus Jesse Garci. Hello,

27
00:01:56,680 --> 00:01:57,920
Speaker 3: welcome to this show.

28
00:01:58,200 --> 00:01:59,280
Speaker 4: Thank you for having me back.

29
00:01:59,360 --> 00:02:03,760
Speaker 3: Honestly, it's it's made sense because everybody always wants to

30
00:02:03,800 --> 00:02:07,040
Speaker 3: know what's just doing, how's it working, how she bought

31
00:02:07,040 --> 00:02:09,520
Speaker 3: her first home? Guys, why are you asking? Do you

32
00:02:09,600 --> 00:02:11,720
Speaker 3: really think that if Jess brought her first home I

33
00:02:11,760 --> 00:02:14,679
Speaker 3: wouldn't make six billion Instagram posts about it?

34
00:02:14,800 --> 00:02:15,919
Speaker 4: No, don't worry, you.

35
00:02:15,880 --> 00:02:19,639
Speaker 3: Would know suggests before we dive into the practical, helpful stuff.

36
00:02:19,639 --> 00:02:23,160
Speaker 3: The community. They they've been demanding an update. Oh also

37
00:02:23,240 --> 00:02:23,919
Speaker 3: think guys.

38
00:02:23,720 --> 00:02:24,960
Speaker 4: Really is sorry much?

39
00:02:25,040 --> 00:02:27,880
Speaker 5: It's so nice that you care, like it's really comforting. Sadly,

40
00:02:27,919 --> 00:02:30,560
Speaker 5: the update is there is no update. It is tough

41
00:02:30,840 --> 00:02:33,600
Speaker 5: out there. I have been kind of sharing a little

42
00:02:33,600 --> 00:02:35,799
Speaker 5: bit about some things that have happened on my TikTok,

43
00:02:35,840 --> 00:02:37,680
Speaker 5: and it is really lovely to just talk to other

44
00:02:37,720 --> 00:02:40,840
Speaker 5: people who have all like are experiencing the.

45
00:02:40,760 --> 00:02:43,160
Speaker 3: Same And you know, we spoke on the podcast a

46
00:02:43,160 --> 00:02:43,840
Speaker 3: few weeks.

47
00:02:43,600 --> 00:02:46,040
Speaker 5: Ago on a Friday episode about I was just saying, like,

48
00:02:46,120 --> 00:02:48,000
Speaker 5: how hard it just feels like you're running up here

49
00:02:48,080 --> 00:02:51,079
Speaker 5: against cost of living and inflation and rising house prizes

50
00:02:51,120 --> 00:02:52,000
Speaker 5: and da dada dua hh.

51
00:02:52,000 --> 00:02:53,040
Speaker 3: And a lot of people.

52
00:02:52,720 --> 00:02:54,639
Speaker 5: Messaged me and said, hey, like, it's not just you,

53
00:02:54,720 --> 00:02:57,080
Speaker 5: Like I'm feeling exactly the same, and there's something so

54
00:02:57,160 --> 00:03:00,079
Speaker 5: comforting in knowing that, yeah, like I'm not the problem.

55
00:03:00,160 --> 00:03:02,960
Speaker 4: The world is the problem. So when we have an update,

56
00:03:02,960 --> 00:03:04,560
Speaker 4: we'll definitely tell you. Don't worry you. Guys Will were

57
00:03:04,560 --> 00:03:05,320
Speaker 4: the first people to.

58
00:03:05,320 --> 00:03:08,239
Speaker 3: Know, Yeah, it's It's actually crazy because in the background

59
00:03:08,280 --> 00:03:10,320
Speaker 3: I get to kind of watch what's going on, and

60
00:03:10,360 --> 00:03:11,880
Speaker 3: I get to snoop on the house as you're looking

61
00:03:11,960 --> 00:03:14,720
Speaker 3: at It can be so disheartening because like I can

62
00:03:14,760 --> 00:03:17,320
Speaker 3: see you get your heart set on something and I'm like,

63
00:03:17,360 --> 00:03:19,600
Speaker 3: all of a sudden, it's going for one hundred thousand

64
00:03:19,639 --> 00:03:22,880
Speaker 3: dollars more than what they had listed it for, and

65
00:03:22,960 --> 00:03:25,960
Speaker 3: it just it just feels icky. It just feels gross.

66
00:03:25,960 --> 00:03:29,400
Speaker 3: It feels like, why bother spending money on a building

67
00:03:29,400 --> 00:03:31,640
Speaker 3: and pest inspection. It's like flushing a couple of one

68
00:03:31,680 --> 00:03:34,280
Speaker 3: hundred dollars down the drain for someone to say, yeah, Jess,

69
00:03:34,320 --> 00:03:36,440
Speaker 3: it is a great house, like there's nothing wrong with it,

70
00:03:36,760 --> 00:03:40,960
Speaker 3: and then bam, they've I don't know, obviously we can't

71
00:03:40,960 --> 00:03:42,960
Speaker 3: say oh, they've definitely been under quoting.

72
00:03:43,360 --> 00:03:44,280
Speaker 4: But Life said that.

73
00:03:44,760 --> 00:03:47,600
Speaker 3: I was going to say, we can't prove it because

74
00:03:47,640 --> 00:03:49,920
Speaker 3: like at the end of the day they've listed it

75
00:03:49,960 --> 00:03:52,960
Speaker 3: and said, oh, as a experienced real estate agently, let's

76
00:03:53,000 --> 00:03:54,480
Speaker 3: say I think this house is going to go for

77
00:03:54,520 --> 00:03:58,080
Speaker 3: six hundred thousand dollars. And then the beauty of an

78
00:03:58,120 --> 00:04:00,680
Speaker 3: action is like it don't have to go for the

79
00:04:00,680 --> 00:04:02,840
Speaker 3: listed price. You don't go, oh, okay, if it's listed for

80
00:04:02,880 --> 00:04:05,240
Speaker 3: six hundred grand, I'll give you that, and then wham bam,

81
00:04:05,240 --> 00:04:08,600
Speaker 3: thank you ma'am. Like it becomes a bidding war. But like, yeah,

82
00:04:08,640 --> 00:04:11,600
Speaker 3: they know, they know that the competition is there, and

83
00:04:11,640 --> 00:04:13,600
Speaker 3: they know that it's going to be driven up anyway.

84
00:04:13,640 --> 00:04:15,920
Speaker 3: It just makes me quite frustrated. Miss Jess good Reachie.

85
00:04:15,960 --> 00:04:17,240
Speaker 4: I completely agree, and I think we're going to talk

86
00:04:17,240 --> 00:04:17,960
Speaker 4: about that a little.

87
00:04:17,800 --> 00:04:20,520
Speaker 3: Bit later too, totally. And I feel like lots of

88
00:04:20,560 --> 00:04:22,599
Speaker 3: our community are listening to this going, oh my goodness,

89
00:04:22,680 --> 00:04:25,520
Speaker 3: like that's my experience as well. So let's zoom out

90
00:04:25,560 --> 00:04:28,239
Speaker 3: for a hot second, because house hunting in twenty twenty

91
00:04:28,240 --> 00:04:32,120
Speaker 3: five is fraught with I don't know things that we're

92
00:04:32,120 --> 00:04:34,800
Speaker 3: all tripping over and we're all feeling sick about, and

93
00:04:35,040 --> 00:04:38,160
Speaker 3: it's honestly just it's not just you, it's I would say,

94
00:04:38,200 --> 00:04:42,440
Speaker 3: objectively chaotic. And let me give you, I guess a

95
00:04:42,440 --> 00:04:45,840
Speaker 3: little bit of a zoomed out update as to what's

96
00:04:45,880 --> 00:04:49,479
Speaker 3: been going on because I embarrassed myself on social media

97
00:04:49,520 --> 00:04:51,640
Speaker 3: the other day. Did you see that where it's just like, yeah,

98
00:04:51,720 --> 00:04:53,440
Speaker 3: I think that the interest rate is going to drop

99
00:04:53,440 --> 00:04:54,320
Speaker 3: by point two five.

100
00:04:54,600 --> 00:04:55,080
Speaker 4: It's fine.

101
00:04:55,240 --> 00:04:57,080
Speaker 3: CBO is saying the same thing, like I think like

102
00:04:57,120 --> 00:04:59,760
Speaker 3: eighty percent of economists were like, yep, it's going to drop.

103
00:05:00,160 --> 00:05:03,960
Speaker 3: Should I have listened to them? Clearly not, because the

104
00:05:04,040 --> 00:05:06,120
Speaker 3: interest rate cut didn't happen when I thought it was

105
00:05:06,160 --> 00:05:09,039
Speaker 3: going to happen. But the RBA's interest rate cuts happened

106
00:05:09,360 --> 00:05:12,720
Speaker 3: in February and then again in May. It's actually made

107
00:05:12,800 --> 00:05:16,159
Speaker 3: money cheaper. So like that's the beauty if you have

108
00:05:16,240 --> 00:05:19,000
Speaker 3: a savings account, not a money win because you're losing

109
00:05:19,040 --> 00:05:21,400
Speaker 3: your interest rate there. But at the same time, on

110
00:05:21,440 --> 00:05:23,200
Speaker 3: the flip side, if you're a first home buyer, it

111
00:05:23,279 --> 00:05:25,600
Speaker 3: like opens up your borrowing capacity a little bit more

112
00:05:25,640 --> 00:05:27,960
Speaker 3: because if you're paying less for the money to borrow,

113
00:05:28,560 --> 00:05:31,159
Speaker 3: you can borrow more of it Jess, Which that sounds

114
00:05:31,160 --> 00:05:35,960
Speaker 3: good right in theory. What that does is that boosts

115
00:05:36,000 --> 00:05:38,719
Speaker 3: by a confidence, so like it gives people like you

116
00:05:38,760 --> 00:05:40,520
Speaker 3: a little bit more of a pep in your steps

117
00:05:40,520 --> 00:05:42,400
Speaker 3: so that you go, Okay, I've got a little bit

118
00:05:42,400 --> 00:05:44,520
Speaker 3: extra in the play with, Like I've got another twenty

119
00:05:44,560 --> 00:05:46,719
Speaker 3: thousand dollars that I was able to put on top

120
00:05:46,760 --> 00:05:49,800
Speaker 3: of my like borrowing capacity, I can get something else.

121
00:05:50,480 --> 00:05:54,719
Speaker 3: And what that does, unfortunately is pushes prices higher because

122
00:05:55,320 --> 00:05:57,719
Speaker 3: you and every other first home buyer are in exactly

123
00:05:57,760 --> 00:06:02,200
Speaker 3: the same situation. Yeah, the medium property price for our

124
00:06:02,320 --> 00:06:07,440
Speaker 3: combined Australian capital cities now sits at get this, nine

125
00:06:07,520 --> 00:06:11,240
Speaker 3: hundred and eighteen four hundred and eight dollars. I believe it.

126
00:06:11,240 --> 00:06:15,520
Speaker 3: It's crazy. It actually makes me so frustrated because this

127
00:06:15,680 --> 00:06:21,040
Speaker 3: means that a nine hundred plus thousand dollar house. Technically,

128
00:06:21,120 --> 00:06:23,520
Speaker 3: and I'm not saying this is true, but technically it's

129
00:06:23,560 --> 00:06:24,680
Speaker 3: not a luxury anymore.

130
00:06:25,120 --> 00:06:27,120
Speaker 4: It's not home in the suburbs, you know.

131
00:06:27,160 --> 00:06:30,279
Speaker 5: I'm looking well outside of the city and a lot

132
00:06:30,360 --> 00:06:33,160
Speaker 5: of the out like very stock standard, like not done up,

133
00:06:33,279 --> 00:06:37,760
Speaker 5: no big crazy upgrades. Maybe a four hundred square block yep,

134
00:06:37,800 --> 00:06:39,160
Speaker 5: I'm going for eight to nine.

135
00:06:38,920 --> 00:06:42,279
Speaker 3: And that's like the new benchmark. Yeah, And I think

136
00:06:42,320 --> 00:06:46,680
Speaker 3: that's terrifying because I don't know, maybe I am a

137
00:06:46,720 --> 00:06:50,000
Speaker 3: little bit romantic about my childhood or my upbringing, but

138
00:06:50,080 --> 00:06:53,440
Speaker 3: do you remember like driving past houses and your parents

139
00:06:53,440 --> 00:06:55,200
Speaker 3: being like, what that would be a million dollar home

140
00:06:55,240 --> 00:06:58,080
Speaker 3: and it honestly looked like a mansion. You'd be like,

141
00:06:58,120 --> 00:07:00,440
Speaker 3: oh my god, like that's so big, get like the

142
00:07:00,480 --> 00:07:03,920
Speaker 3: big gates at the front. Sorry, that's like now just

143
00:07:03,920 --> 00:07:05,120
Speaker 3: just a urban home.

144
00:07:05,320 --> 00:07:05,680
Speaker 5: Yeah.

145
00:07:05,720 --> 00:07:09,760
Speaker 3: It makes me so uncomfortable, and honestly because of population

146
00:07:10,000 --> 00:07:13,920
Speaker 3: growth and because it's now becoming even more I want

147
00:07:13,960 --> 00:07:16,360
Speaker 3: to say accessible, but people are going to go Victoria.

148
00:07:16,360 --> 00:07:18,800
Speaker 3: It's not accessible, but it actually is. There are more

149
00:07:18,840 --> 00:07:23,120
Speaker 3: people in the market with more borrowing capacity. Which means

150
00:07:23,440 --> 00:07:26,200
Speaker 3: that there are fewer homes on the market right now.

151
00:07:26,520 --> 00:07:32,280
Speaker 3: So advertised stock is currently sitting at sixteen point seven percent,

152
00:07:33,080 --> 00:07:36,520
Speaker 3: and this is below the five year average. And in

153
00:07:36,640 --> 00:07:40,360
Speaker 3: June twenty twenty five, which was literally like ten days

154
00:07:40,400 --> 00:07:44,920
Speaker 3: ago as of recording, only thirty three thousand new listings

155
00:07:44,920 --> 00:07:48,680
Speaker 3: went live across the entire country, which was the lowest

156
00:07:49,040 --> 00:07:52,080
Speaker 3: this time of year since early COVID days. And everyone

157
00:07:52,080 --> 00:07:54,280
Speaker 3: couldn't be bothered selling their house during COVID because you

158
00:07:54,280 --> 00:07:57,320
Speaker 3: couldn't do open for inspections, You couldn't do anything. What

159
00:07:57,480 --> 00:08:01,960
Speaker 3: is that saying about our economy? And that's scarcity and

160
00:08:02,000 --> 00:08:04,800
Speaker 3: you're probably feeling this if not many homes are going

161
00:08:04,840 --> 00:08:08,440
Speaker 3: on the market. Scarcity is driving up competition and it's

162
00:08:08,480 --> 00:08:12,400
Speaker 3: making you consider spending even more on that property because

163
00:08:12,480 --> 00:08:13,880
Speaker 3: it's basic supply and demand.

164
00:08:14,120 --> 00:08:16,880
Speaker 5: Yeah, it's really interesting to see. I know that I'm

165
00:08:16,920 --> 00:08:20,400
Speaker 5: looking at like for my journey purchasing a very specific area.

166
00:08:20,600 --> 00:08:24,040
Speaker 5: So maybe it's not the best example of what's happening everywhere,

167
00:08:24,160 --> 00:08:26,600
Speaker 5: but it really does feel like so few homes are

168
00:08:26,600 --> 00:08:30,080
Speaker 5: coming onto the market. I think that vendor expectations are

169
00:08:30,120 --> 00:08:33,120
Speaker 5: also really high because they're seeing, oh, well, this house

170
00:08:33,160 --> 00:08:35,080
Speaker 5: down the streets sold for so much because if there

171
00:08:35,120 --> 00:08:37,200
Speaker 5: was a lot of competition or whatever. So they're setting

172
00:08:37,600 --> 00:08:40,760
Speaker 5: their price ranges higher, or they're setting their reserves.

173
00:08:40,320 --> 00:08:41,360
Speaker 4: At auction higher.

174
00:08:41,960 --> 00:08:44,720
Speaker 5: It feels like it's got to hit a ceiling, but

175
00:08:44,800 --> 00:08:45,800
Speaker 5: I don't know when it will.

176
00:08:46,040 --> 00:08:48,920
Speaker 3: It definitely isn't just in your area. I think it's

177
00:08:48,920 --> 00:08:52,520
Speaker 3: happening everywhere. In fact, I've shared on social media recently

178
00:08:52,600 --> 00:08:54,920
Speaker 3: that I'm currently planning to sell my house and so

179
00:08:55,160 --> 00:08:57,000
Speaker 3: We've done a little bit of landscaping out the front.

180
00:08:57,040 --> 00:08:59,040
Speaker 3: We're about to paint the facade so that we can

181
00:08:59,080 --> 00:09:01,640
Speaker 3: get some pretty picture it's done. And I was talking

182
00:09:01,640 --> 00:09:04,400
Speaker 3: to my real estate agent literally yesterday. He gave me

183
00:09:04,400 --> 00:09:06,560
Speaker 3: a call and was like, Hey, I was thinking, what

184
00:09:06,600 --> 00:09:09,160
Speaker 3: we do is bring the auction up. And the reason

185
00:09:09,160 --> 00:09:11,840
Speaker 3: we're bringing the auction up is because there's not that

186
00:09:12,080 --> 00:09:14,440
Speaker 3: many other properties that are going to be on the

187
00:09:14,480 --> 00:09:19,520
Speaker 3: market during that period of time, which, from all intents

188
00:09:19,559 --> 00:09:23,679
Speaker 3: and purposes, means that me as a seller, it's actually

189
00:09:23,720 --> 00:09:26,520
Speaker 3: better for me. He's like, oh, are you sure to

190
00:09:26,559 --> 00:09:29,680
Speaker 3: be quite clear, we haven't moved the auction up because

191
00:09:30,600 --> 00:09:33,560
Speaker 3: it just doesn't work for me in terms of time frames,

192
00:09:33,920 --> 00:09:36,800
Speaker 3: but there's also that strategy going on in the background.

193
00:09:36,880 --> 00:09:39,360
Speaker 3: Like me, as a seller, I want to make sure

194
00:09:39,440 --> 00:09:42,920
Speaker 3: that the home that I purchased became a good investment

195
00:09:42,960 --> 00:09:45,400
Speaker 3: when I sold it. So like if my real estate

196
00:09:45,440 --> 00:09:47,520
Speaker 3: agent is saying, hey, Victoria, like it would make sense

197
00:09:47,559 --> 00:09:50,040
Speaker 3: to auction it here, Like I didn't realize how much.

198
00:09:50,280 --> 00:09:52,120
Speaker 3: And we can do a whole podcast on this later

199
00:09:52,280 --> 00:09:55,640
Speaker 3: from the vendor perspective, But I didn't realize how much

200
00:09:55,679 --> 00:09:59,840
Speaker 3: strategy goes in to selling a house. Like I said

201
00:09:59,840 --> 00:10:02,440
Speaker 3: to our real estate agent, Oh, well, you know, in

202
00:10:02,520 --> 00:10:04,480
Speaker 3: terms of time frames, it would actually be really good

203
00:10:04,520 --> 00:10:07,480
Speaker 3: for like us personally, We've got some life things going on.

204
00:10:07,880 --> 00:10:10,600
Speaker 3: End of September would be great, and he was like, oh, no,

205
00:10:10,720 --> 00:10:13,439
Speaker 3: you can't do. End of September. All of the private

206
00:10:13,440 --> 00:10:16,000
Speaker 3: schools are on holiday. All of the people that you

207
00:10:16,080 --> 00:10:18,560
Speaker 3: probably want to be looking at your house and considering

208
00:10:18,559 --> 00:10:21,120
Speaker 3: your house and have a little bit more borrowing capacity

209
00:10:21,520 --> 00:10:24,760
Speaker 3: there on holidays. Yeah, and September of school holidays, that's

210
00:10:24,800 --> 00:10:26,679
Speaker 3: when I would say most of my friends used to

211
00:10:26,720 --> 00:10:29,800
Speaker 3: go away, So that made sense in my head. Yeah, anyway,

212
00:10:29,800 --> 00:10:34,600
Speaker 3: it can be really really frustrating. So now that I

213
00:10:34,600 --> 00:10:37,120
Speaker 3: guess we know a little bit about what we're up against.

214
00:10:37,120 --> 00:10:40,559
Speaker 3: And I've mentioned strategy. Let's not talk about vendor strategy,

215
00:10:40,559 --> 00:10:44,280
Speaker 3: but let's talk about your strategy. Yes, because scrolling real estate,

216
00:10:44,320 --> 00:10:47,520
Speaker 3: dot com, dot you, I feel like it's like going

217
00:10:47,559 --> 00:10:51,640
Speaker 3: on Pinterest and sadly it's not gonna cut it. Like

218
00:10:52,200 --> 00:10:54,080
Speaker 3: you can't just do that and say that you've been

219
00:10:54,120 --> 00:10:56,719
Speaker 3: doing your research. So I thought that you and I

220
00:10:56,760 --> 00:10:58,480
Speaker 3: would sit down because you're really good at this. You

221
00:10:58,559 --> 00:11:00,560
Speaker 3: might not have secured your first home, but you're really

222
00:11:00,559 --> 00:11:02,679
Speaker 3: good at this. But we're going to give you our

223
00:11:02,720 --> 00:11:07,240
Speaker 3: tips for searching smarter, spotting red flags, and finding the

224
00:11:07,360 --> 00:11:11,560
Speaker 3: hidden stuff that lots of buyers miss. Jess, I need

225
00:11:11,600 --> 00:11:13,200
Speaker 3: you to be really honest. I'm not going to look

226
00:11:13,200 --> 00:11:16,040
Speaker 3: at your phone in your screen time, But do you

227
00:11:16,080 --> 00:11:18,239
Speaker 3: spend a lot of time on real estate website?

228
00:11:18,440 --> 00:11:21,280
Speaker 5: I check them every day. I check real estate, dot comm,

229
00:11:21,280 --> 00:11:23,280
Speaker 5: doty and domain every day.

230
00:11:24,000 --> 00:11:27,559
Speaker 3: And what would you say are your top tips when

231
00:11:27,600 --> 00:11:31,240
Speaker 3: you're opening up that app? Definitely don't overfilter.

232
00:11:31,400 --> 00:11:34,160
Speaker 5: I feel like a lot of buyers really overfilter when

233
00:11:34,160 --> 00:11:36,320
Speaker 5: they're on those websites, and it means that properties are

234
00:11:36,320 --> 00:11:39,760
Speaker 5: falling outside of your catchment and you could miss them.

235
00:11:39,800 --> 00:11:43,480
Speaker 5: When I search, I actually don't put any filters on.

236
00:11:43,640 --> 00:11:46,240
Speaker 5: I don't even I'll search the suburb and.

237
00:11:46,160 --> 00:11:48,560
Speaker 3: Then because just knows what's going on for the entire

238
00:11:48,600 --> 00:11:51,199
Speaker 3: suburb at this point, I'll search the suburb.

239
00:11:51,559 --> 00:11:54,680
Speaker 5: I won't put bedrooms or bathrooms because often real estate

240
00:11:54,679 --> 00:11:58,720
Speaker 5: agents miss label too. It's really common for them to put, oh,

241
00:11:58,760 --> 00:12:01,520
Speaker 5: there's three bedrooms with that's actually or the block size

242
00:12:01,559 --> 00:12:03,840
Speaker 5: is this, but it's actually that. So I often actually

243
00:12:03,880 --> 00:12:06,400
Speaker 5: won't put any filters on at all. I'll just search

244
00:12:06,440 --> 00:12:09,760
Speaker 5: the suburb. I won't even differentiate because I'm looking at

245
00:12:09,960 --> 00:12:13,200
Speaker 5: buying and also considering building. I won't even differentiate between

246
00:12:13,200 --> 00:12:16,120
Speaker 5: like what property type. I'll just search the suburb, and

247
00:12:16,160 --> 00:12:18,319
Speaker 5: then I'll zoom in on the map. So if you're

248
00:12:18,360 --> 00:12:21,440
Speaker 5: on an app for real estate or domain, you can

249
00:12:21,760 --> 00:12:24,080
Speaker 5: adjust the map section that you're looking at. You can

250
00:12:24,120 --> 00:12:26,040
Speaker 5: zoom in and out and it will show you all

251
00:12:26,080 --> 00:12:29,720
Speaker 5: the properties. That's what I do to crease on my neighbors. Yeah, yeah,

252
00:12:29,720 --> 00:12:32,240
Speaker 5: exactly right, it's perfect, And I think by doing that

253
00:12:32,280 --> 00:12:34,160
Speaker 5: you can then you click on the dot and it'll

254
00:12:34,160 --> 00:12:36,439
Speaker 5: show you the preview and from there you go Okay,

255
00:12:36,440 --> 00:12:38,160
Speaker 5: well that house looks big enough. Well that house doesn't

256
00:12:38,160 --> 00:12:40,400
Speaker 5: look big enough. But by doing that, you're making sure

257
00:12:40,400 --> 00:12:42,760
Speaker 5: that you're not letting things fall through the cracks because

258
00:12:42,760 --> 00:12:46,560
Speaker 5: of filters. I also check both platforms because agents don't

259
00:12:46,880 --> 00:12:50,679
Speaker 5: have to list across both platforms. Sometimes the data doesn't

260
00:12:50,679 --> 00:12:52,520
Speaker 5: pull across to one properly.

261
00:12:52,360 --> 00:12:55,280
Speaker 3: And it actually costs some money. So like it costs

262
00:12:55,280 --> 00:12:57,120
Speaker 3: a real estate money to list on real estate dot

263
00:12:57,160 --> 00:12:59,520
Speaker 3: com dot au and sometimes they'll only list on that

264
00:12:59,520 --> 00:13:02,040
Speaker 3: because they want to also pay the domain fee, which

265
00:13:02,120 --> 00:13:04,160
Speaker 3: makes sense. But yeah, as a buyer, you need to

266
00:13:04,160 --> 00:13:06,560
Speaker 3: know that because you might think that our real estate

267
00:13:06,600 --> 00:13:09,440
Speaker 3: and domain they're in competition, like they'll both have the

268
00:13:09,440 --> 00:13:10,760
Speaker 3: same stuff they do not.

269
00:13:11,200 --> 00:13:13,800
Speaker 5: Correct, So I always check both platforms. I would really

270
00:13:13,800 --> 00:13:17,520
Speaker 5: recommend being that. I also, you know, up for debate.

271
00:13:17,559 --> 00:13:19,440
Speaker 5: Whether or not this is for you depends how crazy

272
00:13:19,480 --> 00:13:22,240
Speaker 5: you are. I check Facebook, Marketplace. We are also crazy.

273
00:13:22,320 --> 00:13:25,080
Speaker 3: We are also like we are de Lulu and we

274
00:13:25,240 --> 00:13:26,920
Speaker 3: just want our first home and we don't want to

275
00:13:26,920 --> 00:13:29,200
Speaker 3: be taken advantage job genuinely check Facebook workplace.

276
00:13:29,320 --> 00:13:31,719
Speaker 4: Check your local if there's like a Facebook.

277
00:13:31,360 --> 00:13:33,200
Speaker 5: Page for your area or your state, or you know

278
00:13:33,200 --> 00:13:35,920
Speaker 5: where you want to be buying, because sometimes vendors will

279
00:13:35,920 --> 00:13:38,160
Speaker 5: try and avoid the marketing fees that do come with

280
00:13:38,320 --> 00:13:39,880
Speaker 5: taking beautiful photos.

281
00:13:39,480 --> 00:13:40,880
Speaker 4: And listing on those websites.

282
00:13:41,000 --> 00:13:43,800
Speaker 5: And you know, sometimes agents will say, oh, I have

283
00:13:43,880 --> 00:13:45,640
Speaker 5: a list of buyers that I can take this to,

284
00:13:46,080 --> 00:13:47,720
Speaker 5: and in the background they also want to get some

285
00:13:47,760 --> 00:13:49,480
Speaker 5: extra eyeballs on it, so they might throw it up

286
00:13:49,480 --> 00:13:52,839
Speaker 5: on a Facebook or a community group. You can search

287
00:13:52,880 --> 00:13:55,040
Speaker 5: by a suburb, you can add house or whatever. You

288
00:13:55,040 --> 00:13:56,600
Speaker 5: can do the same thing. You kind of look at

289
00:13:56,600 --> 00:13:58,840
Speaker 5: a map area. I've actually seen quite a lot of

290
00:13:58,840 --> 00:14:01,000
Speaker 5: properties pop up on there like it might be a

291
00:14:01,080 --> 00:14:03,000
Speaker 5: vendor wants to sell direct, they don't even want to

292
00:14:03,040 --> 00:14:04,800
Speaker 5: go through an agent, which is like a whole other thing.

293
00:14:04,880 --> 00:14:08,280
Speaker 5: But it's worth looking, I think, especially in this market.

294
00:14:08,000 --> 00:14:11,360
Speaker 3: Where it's so hard. I'm always looking, and even when

295
00:14:11,400 --> 00:14:14,240
Speaker 3: I wasn't like in the market for buying, like I

296
00:14:14,360 --> 00:14:17,439
Speaker 3: run a mortgage broking business, I'm always looking at properties.

297
00:14:17,840 --> 00:14:21,160
Speaker 3: The thing I like about that map area is on

298
00:14:21,200 --> 00:14:23,320
Speaker 3: the first go, you're like, oh my goodness, this can

299
00:14:23,360 --> 00:14:26,880
Speaker 3: be quite overwhelming. But as time goes on, the ones

300
00:14:26,880 --> 00:14:29,480
Speaker 3: that you've already clicked at gray and the new ones

301
00:14:29,520 --> 00:14:32,120
Speaker 3: are red, so you kind of go, oh, look in

302
00:14:32,200 --> 00:14:34,600
Speaker 3: the exact area that I want, there are three new

303
00:14:34,600 --> 00:14:37,240
Speaker 3: property and you just click on the new ones and

304
00:14:37,560 --> 00:14:39,840
Speaker 3: it can be really I don't know, it can be

305
00:14:39,880 --> 00:14:42,960
Speaker 3: really helpful being like, okay, I have seen all of

306
00:14:43,000 --> 00:14:44,720
Speaker 3: those and then you can kind of like save your

307
00:14:44,720 --> 00:14:47,120
Speaker 3: favorites or whatnot. I feel like this has been a

308
00:14:47,200 --> 00:14:51,080
Speaker 3: big conversation, not just for you and I, but for

309
00:14:51,360 --> 00:14:55,760
Speaker 3: my team and our current clients. But as far as

310
00:14:55,840 --> 00:15:01,520
Speaker 3: price expectations go, how far off are the listings from

311
00:15:01,560 --> 00:15:03,800
Speaker 3: what you're actually seeing themselves or because like I could

312
00:15:03,800 --> 00:15:05,880
Speaker 3: do a deep dive into the data and tell you, yeah,

313
00:15:06,040 --> 00:15:08,160
Speaker 3: but like what are you actually seeing on the ground.

314
00:15:08,400 --> 00:15:10,000
Speaker 5: So I know that we always, like you and I

315
00:15:10,040 --> 00:15:12,360
Speaker 5: have had a conversation about like always expect at least

316
00:15:12,360 --> 00:15:14,760
Speaker 5: ten percent over it. I think that's pretty standard for auction.

317
00:15:15,160 --> 00:15:19,160
Speaker 5: More and more I am seeing agents under quoting, particularly

318
00:15:19,360 --> 00:15:22,120
Speaker 5: with auction listings, and the way that you can check this.

319
00:15:22,200 --> 00:15:24,240
Speaker 5: I believe we have an episode of the Property Playbook

320
00:15:24,280 --> 00:15:25,400
Speaker 5: that you can go back and listen to you on

321
00:15:25,480 --> 00:15:28,520
Speaker 5: this topic. But you should be looking at sold listings,

322
00:15:28,640 --> 00:15:32,000
Speaker 5: finding compower properties. Theoretically, that is a real estate agent's

323
00:15:32,040 --> 00:15:36,520
Speaker 5: job in Victoria specifically, and this does vary very vastly

324
00:15:36,560 --> 00:15:39,000
Speaker 5: stay to state, but in Victoria specifically, where obviously I'm

325
00:15:39,000 --> 00:15:42,680
Speaker 5: looking to buy, they are required legally or to provide

326
00:15:42,720 --> 00:15:46,840
Speaker 5: three comparable sold properties on the SOI the statement information. Yeah,

327
00:15:46,880 --> 00:15:49,160
Speaker 5: the only reason they would not do that is if

328
00:15:49,160 --> 00:15:52,880
Speaker 5: they can't find three comparable properties, which in this economy

329
00:15:52,920 --> 00:15:55,240
Speaker 5: I think is quite rare. But a lot of them

330
00:15:55,280 --> 00:15:57,440
Speaker 5: are really sketchy with the way that they do that,

331
00:15:57,760 --> 00:16:01,120
Speaker 5: and they use it to justify a price, which you know,

332
00:16:01,200 --> 00:16:03,360
Speaker 5: as someone who has also worked in real estate, I've

333
00:16:03,400 --> 00:16:05,760
Speaker 5: seen it happen firstend, and I think that it's really

334
00:16:05,800 --> 00:16:07,440
Speaker 5: frushrating because the reason they do that is they want

335
00:16:07,440 --> 00:16:09,760
Speaker 5: to get as much interest as possible, and they know

336
00:16:10,080 --> 00:16:12,400
Speaker 5: that they can do that by making it more affordable

337
00:16:12,680 --> 00:16:14,640
Speaker 5: if it's going to auction, the ideas that you can

338
00:16:14,800 --> 00:16:17,720
Speaker 5: then get multiple buyers that are emotionally invested in buying

339
00:16:17,720 --> 00:16:21,640
Speaker 5: this house, who then bid competitively, drive the price up

340
00:16:21,680 --> 00:16:24,480
Speaker 5: and ultimately, you know, create a better result for the vendor.

341
00:16:24,680 --> 00:16:25,040
Speaker 3: Yeah.

342
00:16:25,080 --> 00:16:27,560
Speaker 5: So I feel like there's a lot of underquoting going on,

343
00:16:27,840 --> 00:16:30,360
Speaker 5: and people have you know, when I've spoken about it,

344
00:16:30,360 --> 00:16:31,920
Speaker 5: people have replied to me and said, I'm seeing the

345
00:16:31,920 --> 00:16:35,400
Speaker 5: same thing. Report it. There is a reporting process. You

346
00:16:35,440 --> 00:16:37,080
Speaker 5: can do it through Consumer Affairs and.

347
00:16:37,040 --> 00:16:38,160
Speaker 3: You absolutely should.

348
00:16:38,320 --> 00:16:38,600
Speaker 4: Yeah.

349
00:16:38,680 --> 00:16:42,200
Speaker 5: It relies a lot on self regulation, so like we

350
00:16:42,280 --> 00:16:43,840
Speaker 5: want it to stop, let's stop them.

351
00:16:44,080 --> 00:16:48,280
Speaker 3: Yeah, and you touched on something that I preach on

352
00:16:48,320 --> 00:16:51,040
Speaker 3: a daily basis, and that's going through the sold tab.

353
00:16:51,600 --> 00:16:53,560
Speaker 3: And obviously we're not going through the sold tab and

354
00:16:53,600 --> 00:16:55,600
Speaker 3: being like, wish I could have had that one, but

355
00:16:55,680 --> 00:16:56,440
Speaker 3: it's sold.

356
00:16:56,720 --> 00:16:57,240
Speaker 4: I do do that.

357
00:16:57,320 --> 00:17:00,120
Speaker 3: Yeah, it's the same same, But we're going to go

358
00:17:00,160 --> 00:17:02,640
Speaker 3: through the sold tab. And in a perfect world, I

359
00:17:02,680 --> 00:17:05,480
Speaker 3: want you to go through that sold tab and pick

360
00:17:05,560 --> 00:17:10,560
Speaker 3: out ten, yes, ten properties that you would have purchased yeah,

361
00:17:10,680 --> 00:17:14,400
Speaker 3: or that you think really nice. And the reason we're

362
00:17:14,400 --> 00:17:16,280
Speaker 3: going to do that is one, we're setting a clear

363
00:17:16,359 --> 00:17:20,000
Speaker 3: price expectation. Because it's going to say, this property sold

364
00:17:20,040 --> 00:17:22,880
Speaker 3: for seven hundred thousand dollars and that might be your budget.

365
00:17:23,119 --> 00:17:24,600
Speaker 3: We're going to look at what it was listed for.

366
00:17:24,800 --> 00:17:27,320
Speaker 3: Might've enlisted for six hundred and ten, but it went

367
00:17:27,400 --> 00:17:31,159
Speaker 3: for seven hundred. What we're also going to do is,

368
00:17:31,280 --> 00:17:35,119
Speaker 3: through that process, understand a bit more about us. You

369
00:17:35,200 --> 00:17:37,200
Speaker 3: might go, oh, that's really nice, and I go hold

370
00:17:37,240 --> 00:17:38,800
Speaker 3: on jest. Didn't you say that you wanted a three

371
00:17:38,880 --> 00:17:40,920
Speaker 3: bedroom house and you go, oh, yeah, but this is

372
00:17:40,960 --> 00:17:44,120
Speaker 3: true bedrooms and a study and like that study nook

373
00:17:44,160 --> 00:17:46,520
Speaker 3: actually does what I need it to do, so I

374
00:17:46,560 --> 00:17:49,119
Speaker 3: don't need three bedrooms, and I go okay, So that

375
00:17:49,240 --> 00:17:51,359
Speaker 3: could be a valid compromise you're willing to make in

376
00:17:51,400 --> 00:17:55,880
Speaker 3: the future. Or you might go, oh, I love this house, Victoria,

377
00:17:55,960 --> 00:17:57,880
Speaker 3: I was going to put it on my list. Had

378
00:17:57,960 --> 00:18:00,960
Speaker 3: no outdoor entertaining space, like no backyard at all, and

379
00:18:01,080 --> 00:18:02,960
Speaker 3: that's a hard no go for me. I want a dog,

380
00:18:03,280 --> 00:18:06,119
Speaker 3: Like the whole reason I'm purchasing property is that I

381
00:18:06,200 --> 00:18:08,880
Speaker 3: can get my own dog. That's the most beautiful home

382
00:18:08,920 --> 00:18:11,480
Speaker 3: I've ever seen, but it doesn't have a garden. Yeah.

383
00:18:11,800 --> 00:18:14,280
Speaker 3: So I think that's going to give you not only

384
00:18:14,320 --> 00:18:17,400
Speaker 3: a reality check when it comes to pricing, but also

385
00:18:17,560 --> 00:18:19,680
Speaker 3: give you a good idea on what you're willing to

386
00:18:19,760 --> 00:18:22,480
Speaker 3: compromise on. Because if I sat you down in isolation,

387
00:18:22,640 --> 00:18:25,879
Speaker 3: I said miss JESSCOTRICHI what are you willing to compromise on?

388
00:18:26,000 --> 00:18:29,560
Speaker 3: You'd be like, well, I mean I want three bedrooms,

389
00:18:29,800 --> 00:18:31,920
Speaker 3: and I'll be like any compromises You'd be like, no,

390
00:18:32,119 --> 00:18:34,960
Speaker 3: that's what I said, yeah, and it's so hard to

391
00:18:35,040 --> 00:18:37,560
Speaker 3: work out what you'd compromise on unless you're able to

392
00:18:38,440 --> 00:18:40,720
Speaker 3: be shown a few compromises that you'd be like, oh,

393
00:18:40,720 --> 00:18:43,520
Speaker 3: hold on, yeah, maybe it'd actually be fine. Yeah, that'd

394
00:18:43,560 --> 00:18:46,680
Speaker 3: actually be fine. So for me, that's really helpful. You

395
00:18:46,840 --> 00:18:48,879
Speaker 3: also before I feel like I'm like, oh my god,

396
00:18:48,920 --> 00:18:50,320
Speaker 3: you said this and this and this, and I'm trying

397
00:18:50,320 --> 00:18:52,560
Speaker 3: to keep up. You also said before in Victoria they

398
00:18:52,600 --> 00:18:55,359
Speaker 3: have to tell you the price. Money win for us

399
00:18:55,520 --> 00:18:59,280
Speaker 3: because to me, that contributes to more clarity. But that's

400
00:18:59,320 --> 00:19:03,840
Speaker 3: not Australia wide. So if you're in a different state,

401
00:19:04,560 --> 00:19:07,520
Speaker 3: I actually have a really sneaky hack for you. When

402
00:19:07,600 --> 00:19:10,240
Speaker 3: it says for sale but then it has no price listing.

403
00:19:11,160 --> 00:19:14,119
Speaker 3: So what the agent had to do to get that

404
00:19:14,240 --> 00:19:17,200
Speaker 3: property online is they still had to enter a price

405
00:19:17,280 --> 00:19:19,119
Speaker 3: range in the back end so that it shows up

406
00:19:19,160 --> 00:19:21,160
Speaker 3: in search results. So you know how you like filter

407
00:19:21,640 --> 00:19:24,680
Speaker 3: on real estate dot com dot un You go maximum

408
00:19:24,760 --> 00:19:27,520
Speaker 3: eight hundred thousand dollars or whatever, and then properties show up,

409
00:19:27,520 --> 00:19:30,040
Speaker 3: but they don't have a pricing. The reason they do

410
00:19:30,200 --> 00:19:32,280
Speaker 3: is because their back end is coded. So we are

411
00:19:32,359 --> 00:19:34,960
Speaker 3: going to hack the system. So I'm going to put

412
00:19:35,000 --> 00:19:37,240
Speaker 3: this obviously probably in the show notes or on our

413
00:19:37,280 --> 00:19:39,399
Speaker 3: website or on an Instagram or somewhere that you can

414
00:19:39,480 --> 00:19:41,840
Speaker 3: find them. What you're going to do is open the

415
00:19:41,880 --> 00:19:45,000
Speaker 3: property listing and you have to be on Google Chrome.

416
00:19:45,119 --> 00:19:46,440
Speaker 3: Can't be on your phone. You have to be on

417
00:19:46,520 --> 00:19:49,320
Speaker 3: Google Chrome. You're going to right click anywhere on the

418
00:19:49,480 --> 00:19:52,080
Speaker 3: listing and you're going to feel like a hacker because

419
00:19:52,080 --> 00:19:55,680
Speaker 3: you're going to click view page source and on the

420
00:19:55,920 --> 00:19:58,800
Speaker 3: right side is going to pop up like a whole

421
00:19:58,840 --> 00:20:01,879
Speaker 3: heap of code. Stress. I'll teach you how to be

422
00:20:01,960 --> 00:20:06,120
Speaker 3: the hacker. Right control F or command F on a Mac.

423
00:20:06,200 --> 00:20:09,320
Speaker 3: You're going to like control F is fined, so then

424
00:20:09,400 --> 00:20:11,280
Speaker 3: you don't have to like scroll through the code and

425
00:20:11,320 --> 00:20:13,720
Speaker 3: look for this. You're going to type in and this

426
00:20:13,840 --> 00:20:15,160
Speaker 3: is why it's going to go in the show notes

427
00:20:15,520 --> 00:20:21,000
Speaker 3: marketing underscore price, underscore range. Right, You're going to hit

428
00:20:21,160 --> 00:20:24,639
Speaker 3: enter and just like that, you're going to see in

429
00:20:24,800 --> 00:20:27,840
Speaker 3: the code that code that I just showed you, so

430
00:20:27,960 --> 00:20:31,000
Speaker 3: the marketing price range, and right beside it will be

431
00:20:31,119 --> 00:20:33,920
Speaker 3: the price range that that real estate agent picked. So

432
00:20:34,040 --> 00:20:37,640
Speaker 3: it might be like one point five m underscore two

433
00:20:37,880 --> 00:20:40,200
Speaker 3: M because they've picked that bracket, or it might be

434
00:20:40,320 --> 00:20:44,800
Speaker 3: like five hundred underscore six hundred. Bam, you have an

435
00:20:44,920 --> 00:20:49,440
Speaker 3: idea of what that real estate agent categorized that property as.

436
00:20:49,800 --> 00:20:51,920
Speaker 3: Even if they didn't put it on the listing, we

437
00:20:52,080 --> 00:20:53,800
Speaker 3: found it in the back end, and they're not going

438
00:20:53,840 --> 00:20:56,800
Speaker 3: to like that. I shared that, but sorry, was on

439
00:20:56,920 --> 00:20:58,720
Speaker 3: the internet and that was free information, and then that's

440
00:20:59,160 --> 00:21:01,120
Speaker 3: basically that's just research.

441
00:21:01,280 --> 00:21:02,800
Speaker 4: Sorry, it's giving superspy.

442
00:21:03,160 --> 00:21:05,760
Speaker 3: Yeah, and obviously that means that you can look at

443
00:21:05,760 --> 00:21:08,080
Speaker 3: a property and go, oh, actually I thought that was

444
00:21:08,119 --> 00:21:09,960
Speaker 3: going to be seven hundred grand. I can't believe it's

445
00:21:10,000 --> 00:21:12,920
Speaker 3: like listed for eight fifty to nine hundred. Yeah, I'm

446
00:21:12,960 --> 00:21:15,480
Speaker 3: not going to waste my time on that property. Or

447
00:21:15,720 --> 00:21:18,879
Speaker 3: it's really good for prepping your offer, Like if they're like, oh,

448
00:21:19,040 --> 00:21:21,480
Speaker 3: put in your best and fairest or whatever it is,

449
00:21:21,960 --> 00:21:23,960
Speaker 3: you can go, okay, well I know on the back

450
00:21:24,080 --> 00:21:27,040
Speaker 3: end that this real estate agent put this particular bracket.

451
00:21:27,440 --> 00:21:29,160
Speaker 3: It gives you a little bit of bargaining room, which

452
00:21:29,200 --> 00:21:32,000
Speaker 3: is really good. Jess, you talked about before as well,

453
00:21:32,640 --> 00:21:37,879
Speaker 3: Facebook Marketplace. I feel like, to me, obviously it's fine,

454
00:21:38,160 --> 00:21:42,200
Speaker 3: But at the start of this journey, had you been like, yeah,

455
00:21:42,200 --> 00:21:45,119
Speaker 3: I founded on Facebook Marketplace, so the baby's on a scam, like,

456
00:21:45,640 --> 00:21:48,440
Speaker 3: not sure it's legit. Lots of people are now turning

457
00:21:48,520 --> 00:21:51,680
Speaker 3: to Facebook, marketplace, but online searches are not the only

458
00:21:51,720 --> 00:21:54,760
Speaker 3: ways that you're able to find property, Jess, how are

459
00:21:54,760 --> 00:21:57,520
Speaker 3: you finding property that maybe isn't listed online?

460
00:21:57,920 --> 00:22:00,439
Speaker 5: Looking off market is such a big thing because, as

461
00:22:00,520 --> 00:22:02,159
Speaker 5: I said, there might be people who are trying to

462
00:22:02,160 --> 00:22:05,639
Speaker 5: save marketing dollars. There's often people who have said, oh, like,

463
00:22:05,720 --> 00:22:06,880
Speaker 5: we're thinking about.

464
00:22:06,760 --> 00:22:07,800
Speaker 4: Moving, but we're not sure.

465
00:22:08,000 --> 00:22:10,359
Speaker 5: If the house were to sell, then sure, So they

466
00:22:10,440 --> 00:22:13,560
Speaker 5: might have listed with an agent, but they haven't committed fully,

467
00:22:13,640 --> 00:22:15,960
Speaker 5: so the property is off market. Around twenty percent of

468
00:22:16,000 --> 00:22:17,080
Speaker 5: homes actually never make it.

469
00:22:17,119 --> 00:22:18,480
Speaker 4: To real estate dot com dot are you.

470
00:22:18,680 --> 00:22:22,080
Speaker 5: They're snapped up off market and passed around between agents

471
00:22:22,160 --> 00:22:23,480
Speaker 5: and buyers behind the scenes.

472
00:22:23,480 --> 00:22:25,320
Speaker 3: Because it's how I got my first home.

473
00:22:25,359 --> 00:22:28,159
Speaker 5: It yeah, and it's great as a buyer because it

474
00:22:28,240 --> 00:22:30,760
Speaker 5: means that you're avoiding the competition right Like you're not

475
00:22:30,840 --> 00:22:33,640
Speaker 5: going to the auction with ten other invested people. It's

476
00:22:33,800 --> 00:22:36,520
Speaker 5: just you putting your best offer forward hopefully you know,

477
00:22:36,600 --> 00:22:39,200
Speaker 5: getting yourself a hot deal or making it work. So

478
00:22:39,240 --> 00:22:42,240
Speaker 5: if your strategy starts and ends with a real estate website,

479
00:22:42,400 --> 00:22:46,280
Speaker 5: you're missing out on theoretically one in five opportunities. And

480
00:22:46,440 --> 00:22:49,399
Speaker 5: often the off market properties go for less because the

481
00:22:49,480 --> 00:22:52,080
Speaker 5: owner might be wanting to sell quickly, or like I said,

482
00:22:52,119 --> 00:22:53,160
Speaker 5: there's just less competition.

483
00:22:53,359 --> 00:22:57,080
Speaker 3: And that's what happened in my situation. So I'm sure

484
00:22:57,080 --> 00:22:59,840
Speaker 3: I've spoken about this comprehensively on the podcast, and I

485
00:23:00,000 --> 00:23:01,960
Speaker 3: I'm sure we're going to talk about it again because

486
00:23:01,960 --> 00:23:05,120
Speaker 3: I'm about to sell this property. But when I purchased

487
00:23:05,119 --> 00:23:07,719
Speaker 3: my property, it was September twenty twenty, so we were

488
00:23:07,840 --> 00:23:10,639
Speaker 3: kind of like in a lull of COVID, Like you

489
00:23:10,720 --> 00:23:12,280
Speaker 3: know how we came out of one big lockdown and

490
00:23:12,320 --> 00:23:13,760
Speaker 3: we were about to go into another one, but we

491
00:23:13,840 --> 00:23:16,880
Speaker 3: didn't know. So we were looking for our first home

492
00:23:17,400 --> 00:23:20,560
Speaker 3: and a real estate agent had this off market property

493
00:23:21,040 --> 00:23:25,280
Speaker 3: coincidentally because the owners they were Chinese and they had

494
00:23:25,320 --> 00:23:27,920
Speaker 3: actually moved back to China, so they were out of

495
00:23:28,040 --> 00:23:30,480
Speaker 3: the country and they had basically said to this real

496
00:23:30,560 --> 00:23:33,119
Speaker 3: estate agent, we actually don't care, just get rid of

497
00:23:33,160 --> 00:23:35,720
Speaker 3: the property. It was kind of like the perfect storm.

498
00:23:36,040 --> 00:23:39,320
Speaker 3: They moved because of COVID. They were like not very

499
00:23:39,440 --> 00:23:42,680
Speaker 3: happy apparently with the way that the Australian government was

500
00:23:42,800 --> 00:23:46,320
Speaker 3: dealing with COVID and the lockdowns. They weren't happy with that. Fine,

501
00:23:46,400 --> 00:23:49,200
Speaker 3: I totally get that. So they the second the lockdown ended,

502
00:23:49,560 --> 00:23:52,640
Speaker 3: they moved. So this house was not i would say,

503
00:23:52,800 --> 00:23:54,080
Speaker 3: not photo ready.

504
00:23:54,320 --> 00:23:55,840
Speaker 4: Yeah, it was not stage or anything like.

505
00:23:56,080 --> 00:23:59,320
Speaker 3: It wasn't staged. There was some old furniture left that

506
00:24:00,119 --> 00:24:02,639
Speaker 3: they had just left because they clearly didn't want to

507
00:24:02,640 --> 00:24:05,359
Speaker 3: take it with them, but someone had to do something

508
00:24:05,480 --> 00:24:08,080
Speaker 3: with it. And like she was not ready for sale.

509
00:24:08,240 --> 00:24:10,479
Speaker 3: Like there was a lot of things that I personally

510
00:24:10,480 --> 00:24:13,440
Speaker 3: would have done to that house just to like increase

511
00:24:13,480 --> 00:24:15,440
Speaker 3: how much I sold it for. But then said to

512
00:24:15,480 --> 00:24:17,840
Speaker 3: their real estate agent, who had helped them buy the

513
00:24:17,880 --> 00:24:19,720
Speaker 3: house in the first place, just get rid of it.

514
00:24:20,160 --> 00:24:22,360
Speaker 3: I don't care. And for her that made her job

515
00:24:22,400 --> 00:24:25,120
Speaker 3: a little bit hard because she doesn't have the beautiful

516
00:24:25,160 --> 00:24:27,920
Speaker 3: photos to put online. She's not gaining a heap of interest.

517
00:24:28,280 --> 00:24:31,280
Speaker 3: But she did have connections, so she just came directly

518
00:24:31,320 --> 00:24:33,280
Speaker 3: and said, I've got a property. I don't want to

519
00:24:33,320 --> 00:24:34,840
Speaker 3: have to style it. I don't want to have to

520
00:24:34,920 --> 00:24:38,080
Speaker 3: get it organized. The owners they live overseas now and

521
00:24:38,119 --> 00:24:41,080
Speaker 3: they just want this property gone. So if you offered X,

522
00:24:41,880 --> 00:24:46,399
Speaker 3: we'd take it cool, I'll offer X, I suppose. And

523
00:24:46,520 --> 00:24:48,320
Speaker 3: the reason we did that, and do you know what,

524
00:24:48,440 --> 00:24:52,520
Speaker 3: it was a really stressful process. Happened within twenty four hours, crazy,

525
00:24:52,760 --> 00:24:55,160
Speaker 3: and the reason we got it was because she didn't

526
00:24:55,160 --> 00:24:57,200
Speaker 3: want to have to go through that staging process. But

527
00:24:57,240 --> 00:24:59,520
Speaker 3: if she didn't find someone off market, she was just

528
00:24:59,560 --> 00:25:02,280
Speaker 3: going to high Some people get it all done obviously,

529
00:25:02,400 --> 00:25:05,200
Speaker 3: charge the owner and get it online. But she was like,

530
00:25:05,240 --> 00:25:07,679
Speaker 3: if you want it before it goes online, this amount

531
00:25:07,680 --> 00:25:09,920
Speaker 3: would be fine. Yeah, money win you you have a

532
00:25:09,960 --> 00:25:12,879
Speaker 3: hot deal. Honestly, it was really good. Thanks for moving

533
00:25:12,960 --> 00:25:16,560
Speaker 3: back to your country, Like see you. That worked for me.

534
00:25:16,760 --> 00:25:20,280
Speaker 3: And I think that your stat about you know, you're

535
00:25:20,359 --> 00:25:23,320
Speaker 3: basically missing one in five opportunities. That's where you need

536
00:25:23,359 --> 00:25:25,320
Speaker 3: to kind of like rub shoulders with the real estate

537
00:25:25,400 --> 00:25:28,720
Speaker 3: agents and make it very clear that you are a

538
00:25:28,760 --> 00:25:30,959
Speaker 3: first home buyer, you've got your pre approval, you're all

539
00:25:31,000 --> 00:25:32,920
Speaker 3: ready to go and this is what you're looking for.

540
00:25:33,520 --> 00:25:36,280
Speaker 3: There was actually a stat that came out so a

541
00:25:36,400 --> 00:25:41,480
Speaker 3: recent prop Track analysis showed that nationally, on averages, houses

542
00:25:41,680 --> 00:25:45,040
Speaker 3: sell for four point three percent less money when they

543
00:25:45,080 --> 00:25:48,399
Speaker 3: are sold off market. So in Sydney that can be

544
00:25:48,560 --> 00:25:51,399
Speaker 3: like a saving of sixty grand lesson in Melbourne up

545
00:25:51,440 --> 00:25:52,919
Speaker 3: to like thirty thousand dollars.

546
00:25:52,760 --> 00:25:55,399
Speaker 4: Less say less, sign me up for that please, I know.

547
00:25:55,760 --> 00:25:58,040
Speaker 4: And like that was just from like.

548
00:25:58,200 --> 00:26:00,760
Speaker 3: Rubbing shoulders with the right real ess state agent and

549
00:26:01,320 --> 00:26:03,920
Speaker 3: she knew so she'd been prepped. Hey, I've got this

550
00:26:04,080 --> 00:26:07,159
Speaker 3: local buyer in your area, because she only sold property

551
00:26:07,240 --> 00:26:10,320
Speaker 3: in the suburbs that I was looking. I've got this buyer.

552
00:26:10,440 --> 00:26:13,159
Speaker 3: They want a X bedroom house, they want this and that.

553
00:26:13,560 --> 00:26:15,680
Speaker 3: That's why she came forward and said, hold on, hold on,

554
00:26:15,760 --> 00:26:17,520
Speaker 3: I think I've got a property you might be interested in.

555
00:26:18,200 --> 00:26:20,480
Speaker 3: Put yourself in that position. Yeah, because not only are

556
00:26:20,480 --> 00:26:24,000
Speaker 3: you saving money, I can't think of anything worse than

557
00:26:24,040 --> 00:26:28,760
Speaker 3: an auction, Jessica. It gives me such bad anxiety. So

558
00:26:29,080 --> 00:26:31,639
Speaker 3: I want to know when it comes to, you know,

559
00:26:31,760 --> 00:26:34,080
Speaker 3: rubbing shoulders with real estate agents, putting yourself in the

560
00:26:34,119 --> 00:26:37,480
Speaker 3: best possible position, what is your strategy for gaining access

561
00:26:37,520 --> 00:26:40,400
Speaker 3: to off market properties? Because I know you haven't hired

562
00:26:40,400 --> 00:26:41,399
Speaker 3: a buyer's agent.

563
00:26:41,400 --> 00:26:43,000
Speaker 5: No, so you've got to You've got to talk to

564
00:26:43,040 --> 00:26:45,399
Speaker 5: the agents when you go to open for inspections. Make

565
00:26:45,480 --> 00:26:48,000
Speaker 5: yourself known. There are a number of agents that have

566
00:26:48,200 --> 00:26:49,560
Speaker 5: you know, called or text me to be like, oh,

567
00:26:49,600 --> 00:26:51,439
Speaker 5: we've had this property doesn't fit your needs. Da da

568
00:26:51,520 --> 00:26:51,840
Speaker 5: da da.

569
00:26:52,240 --> 00:26:52,639
Speaker 1: Let them know.

570
00:26:52,920 --> 00:26:55,479
Speaker 5: Nice of them too, I know, and it makes their

571
00:26:55,520 --> 00:26:57,639
Speaker 5: job easier, right If they can sell something quickly at

572
00:26:57,680 --> 00:27:00,200
Speaker 5: a good price, they definitely want to do that. So

573
00:27:00,520 --> 00:27:02,680
Speaker 5: even if it's not an off market property, they'll also

574
00:27:02,880 --> 00:27:05,000
Speaker 5: often keep you in the loop with new things that

575
00:27:05,080 --> 00:27:07,280
Speaker 5: are coming on the market so that you can get

576
00:27:07,480 --> 00:27:10,040
Speaker 5: the first look, maybe beat the rush. I try and

577
00:27:10,080 --> 00:27:12,639
Speaker 5: be really specific when I speak to them, with you know,

578
00:27:13,080 --> 00:27:15,280
Speaker 5: you don't want to give away necessarily your whole budget,

579
00:27:15,320 --> 00:27:18,200
Speaker 5: but I'll often say, you know, this is the range

580
00:27:18,280 --> 00:27:21,160
Speaker 5: that I'm looking within. I'll usually reserve a little bit

581
00:27:21,200 --> 00:27:23,120
Speaker 5: off the top of that, knowing that they always try

582
00:27:23,119 --> 00:27:25,040
Speaker 5: and push you up, you know, so I'll be a

583
00:27:25,080 --> 00:27:27,480
Speaker 5: little bit conservative, but give them a rough range and

584
00:27:27,560 --> 00:27:30,280
Speaker 5: a rough idea of my non negotiables number of bedrooms,

585
00:27:30,359 --> 00:27:33,600
Speaker 5: number of bathroom block size. Even if a house isn't

586
00:27:33,760 --> 00:27:36,560
Speaker 5: the one, I'll often still go to the inspection because

587
00:27:36,560 --> 00:27:38,760
Speaker 5: it's a chance to chat to the agent, see what

588
00:27:38,800 --> 00:27:40,840
Speaker 5: they've been up to, build a bit of rapport. They

589
00:27:40,880 --> 00:27:43,680
Speaker 5: are human beings, even though sometimes they seem like they're not,

590
00:27:43,880 --> 00:27:46,760
Speaker 5: so it's nice to have a good relationship with them,

591
00:27:47,000 --> 00:27:49,040
Speaker 5: keep in touch with them. If it's been a while

592
00:27:49,080 --> 00:27:52,600
Speaker 5: since you've seen someone. I'll often slick out an email saying, hey,

593
00:27:52,800 --> 00:27:55,720
Speaker 5: like we met at XYZ property. Just wanted to let

594
00:27:55,720 --> 00:27:57,600
Speaker 5: you know I'm still in the market for my first home.

595
00:27:57,720 --> 00:28:00,399
Speaker 5: This was my list to refresh them. Just want to

596
00:28:00,480 --> 00:28:02,639
Speaker 5: put myself on your radar in case anything comes up.

597
00:28:02,640 --> 00:28:05,639
Speaker 5: I'd love to hear about it. It's kind of like

598
00:28:05,720 --> 00:28:08,840
Speaker 5: managing like a relationship almost. It's anything you can do

599
00:28:08,960 --> 00:28:11,239
Speaker 5: to keep yourself top of mind for them to make

600
00:28:11,320 --> 00:28:13,000
Speaker 5: them like you. You've got to play the game a

601
00:28:13,040 --> 00:28:13,399
Speaker 5: little bit.

602
00:28:13,600 --> 00:28:16,760
Speaker 3: You're becoming a business development manager pretty much. Yeah, a

603
00:28:16,920 --> 00:28:20,879
Speaker 3: property So you're like hustling up these relationships and just

604
00:28:21,280 --> 00:28:23,520
Speaker 3: touching base. And I feel like some people feel a

605
00:28:23,560 --> 00:28:26,200
Speaker 3: little bit intimidated. They're like, oh, well, I only met

606
00:28:26,200 --> 00:28:28,040
Speaker 3: that real estate and I've heard this before. I've only

607
00:28:28,080 --> 00:28:30,080
Speaker 3: met the real estate agent once at an open They

608
00:28:30,080 --> 00:28:32,960
Speaker 3: won't remember me. It'd be so weird to email them no,

609
00:28:33,560 --> 00:28:38,480
Speaker 3: so so remind them, like send them a cute email,

610
00:28:38,560 --> 00:28:41,880
Speaker 3: because honestly, on the flip side, let's pretend I'm a

611
00:28:41,920 --> 00:28:45,400
Speaker 3: real estate agent. You're sending me a clean email of saying, hey,

612
00:28:45,920 --> 00:28:48,600
Speaker 3: here's my budget. I've actually got all the cash and

613
00:28:48,640 --> 00:28:51,960
Speaker 3: the finance ready to go. If a three bedroom house

614
00:28:52,040 --> 00:28:53,760
Speaker 3: comes up, could I please have it? Or if a

615
00:28:53,800 --> 00:28:56,800
Speaker 3: two bedroom apartment or whatever you're looking for comes up,

616
00:28:57,040 --> 00:29:01,000
Speaker 3: I'd love it. Yeah. They actually want to turnover properties

617
00:29:01,120 --> 00:29:03,440
Speaker 3: quickly like real estate agents. They don't want it to

618
00:29:03,520 --> 00:29:05,480
Speaker 3: be on real estate dot Com for a month, like

619
00:29:05,560 --> 00:29:07,800
Speaker 3: because they have to do open for inspections. They have

620
00:29:07,880 --> 00:29:10,040
Speaker 3: to go back and forth with that house. They're talking

621
00:29:10,120 --> 00:29:11,960
Speaker 3: to the owner about, Hey, so we're going to do

622
00:29:12,000 --> 00:29:14,440
Speaker 3: another open inspection on Thursday. Can you make sure you've

623
00:29:14,440 --> 00:29:16,200
Speaker 3: got your pets out? Can you make sure that it's

624
00:29:16,280 --> 00:29:18,920
Speaker 3: clean and ready to go? They don't want that. If

625
00:29:18,960 --> 00:29:21,400
Speaker 3: they've got a Jessica, they're like, okay, so we won't

626
00:29:21,400 --> 00:29:23,280
Speaker 3: even have to do open for inspections if it meets

627
00:29:23,320 --> 00:29:26,280
Speaker 3: her criteria. Yeah, sorry, they get their commission when bam,

628
00:29:26,360 --> 00:29:27,880
Speaker 3: thank you, ma'am. They can move on to the next

629
00:29:27,920 --> 00:29:30,680
Speaker 3: property and make even more money. So like you're making

630
00:29:30,800 --> 00:29:34,360
Speaker 3: their job easier. Stop thinking, not you, But lots of

631
00:29:34,440 --> 00:29:38,680
Speaker 3: people seem to think that they're a burden anyway. I

632
00:29:38,760 --> 00:29:41,680
Speaker 3: feel like I'm headed towards rant territory. So we're going

633
00:29:41,760 --> 00:29:44,600
Speaker 3: to take a very quick break, Jess, But stick around

634
00:29:44,680 --> 00:29:47,080
Speaker 3: because when we come back, I'm going to share the

635
00:29:47,160 --> 00:29:50,280
Speaker 3: rule that'll hopefully save you from waiting forever for a

636
00:29:50,440 --> 00:29:53,560
Speaker 3: perfect house that honestly doesn't exist. So don't go anywhere.

637
00:29:57,680 --> 00:29:59,840
Speaker 3: All right, we are back and let's get into it

638
00:30:00,040 --> 00:30:03,920
Speaker 3: our next tip. So tip number four that I've written

639
00:30:03,960 --> 00:30:08,320
Speaker 3: down is the tip that I promised would hopefully get

640
00:30:08,360 --> 00:30:11,280
Speaker 3: you into your first home when we're looking for a

641
00:30:11,360 --> 00:30:14,400
Speaker 3: perfect home. And this is something that I'm coming for

642
00:30:14,480 --> 00:30:18,000
Speaker 3: the perfectionists here. I'm actually coming for miss jessic Rici

643
00:30:19,000 --> 00:30:21,720
Speaker 3: two years ago when we really started aggressively looking for

644
00:30:21,840 --> 00:30:24,600
Speaker 3: property for you, right, And it's going to hurt some

645
00:30:25,200 --> 00:30:31,400
Speaker 3: Miss jessic Rici perfectionists, right. Unfortunately, no house is ever

646
00:30:31,520 --> 00:30:35,800
Speaker 3: going to tick one hundred percent of your boxes. What

647
00:30:35,960 --> 00:30:39,200
Speaker 3: we're going to do is aim for eighty percent. So

648
00:30:39,680 --> 00:30:41,960
Speaker 3: I tell our mortgage breaking clients this all the time

649
00:30:42,240 --> 00:30:45,120
Speaker 3: we talk. It's really hard, and at the very start

650
00:30:45,240 --> 00:30:46,800
Speaker 3: it can be a hard pill to swallow, but I

651
00:30:46,920 --> 00:30:50,280
Speaker 3: promised it is a very good rule. If your property

652
00:30:50,560 --> 00:30:54,080
Speaker 3: or the property hits eighty percent of your needs and

653
00:30:54,200 --> 00:30:57,600
Speaker 3: the other twenty percent are like livable or fixable. I'd

654
00:30:57,640 --> 00:30:59,360
Speaker 3: say it's a strong contender, and we do want to

655
00:30:59,360 --> 00:31:03,200
Speaker 3: go to that oction. So every extra month waiting for

656
00:31:03,280 --> 00:31:06,720
Speaker 3: your quote perfect home, it could mean that the market

657
00:31:06,800 --> 00:31:08,280
Speaker 3: climbs another four thousand dollars.

658
00:31:08,440 --> 00:31:09,840
Speaker 4: I've seen it. It's true.

659
00:31:10,040 --> 00:31:12,800
Speaker 3: Yeah, And like I remember when you were first looking

660
00:31:13,080 --> 00:31:16,720
Speaker 3: and it was definitely perfectionist territory, Like you were like, nope,

661
00:31:16,720 --> 00:31:18,560
Speaker 3: I'm not even going to consider that because it doesn't

662
00:31:18,600 --> 00:31:21,360
Speaker 3: have exrayoz. I can almost guarantee if I said, do

663
00:31:21,440 --> 00:31:23,280
Speaker 3: you want to go back there to those prices, and

664
00:31:23,800 --> 00:31:26,400
Speaker 3: you jump like you jump back there. But it can

665
00:31:26,480 --> 00:31:28,920
Speaker 3: be and like it sounds bad if I'm like, oh,

666
00:31:29,040 --> 00:31:32,920
Speaker 3: you do need to compromise, but we actually do when

667
00:31:32,960 --> 00:31:36,600
Speaker 3: it comes to property, like unfortunately someone else isn't thinking

668
00:31:36,640 --> 00:31:40,280
Speaker 3: about your terms and your conditions when they're building their property,

669
00:31:41,560 --> 00:31:44,080
Speaker 3: and you're never going to find the property that meets

670
00:31:44,120 --> 00:31:46,280
Speaker 3: one hundred percent of your criteria. And if you do,

671
00:31:47,120 --> 00:31:51,080
Speaker 3: I guarantee it's meeting other people's criteria and that property

672
00:31:51,160 --> 00:31:52,920
Speaker 3: is kind of like a little bit of a unicorn

673
00:31:52,960 --> 00:31:56,400
Speaker 3: and probably will go way over what you'd even anticipated

674
00:31:56,720 --> 00:32:00,240
Speaker 3: way over that ten percent. So I would get on

675
00:32:00,320 --> 00:32:02,680
Speaker 3: real estate dot com and look at the sold area

676
00:32:03,280 --> 00:32:05,400
Speaker 3: so that we can get very clear on what we

677
00:32:05,560 --> 00:32:09,320
Speaker 3: are actually considering non negotiables. And then also the oh

678
00:32:09,360 --> 00:32:12,240
Speaker 3: would be nice to have? Yeah, because like so many

679
00:32:12,320 --> 00:32:14,240
Speaker 3: of us, and I know you're in this situation, you

680
00:32:14,320 --> 00:32:16,720
Speaker 3: want a garden, like you want outside area be so

681
00:32:16,840 --> 00:32:19,440
Speaker 3: nice to have, like a big lawn. But also, Jess,

682
00:32:19,480 --> 00:32:21,480
Speaker 3: if you saw a property that was like just a

683
00:32:21,560 --> 00:32:24,720
Speaker 3: really nice outdoor entertainment area, I think you'd be like, oh, yeah,

684
00:32:24,800 --> 00:32:27,400
Speaker 3: that's that's fine. I don't need the big grassy area. Yeah,

685
00:32:27,760 --> 00:32:31,280
Speaker 3: but other people might be like me, sorry, I need grass,

686
00:32:31,720 --> 00:32:34,200
Speaker 3: and I need grass because I have a dog. So

687
00:32:34,360 --> 00:32:36,560
Speaker 3: for me, that's a non negotiable, and you need to

688
00:32:36,640 --> 00:32:40,360
Speaker 3: work out the difference between the two of those. Jess,

689
00:32:40,920 --> 00:32:43,960
Speaker 3: talk me through it. What are your non negotiables versus

690
00:32:44,080 --> 00:32:45,640
Speaker 3: the nice stabs?

691
00:32:45,960 --> 00:32:47,800
Speaker 5: Yeah, the non negocials for me are the things that

692
00:32:47,880 --> 00:32:50,760
Speaker 5: are hard or impossible to change. So block size is

693
00:32:50,760 --> 00:32:53,560
Speaker 5: a big one. Ate three fifty is my minimum square block,

694
00:32:53,560 --> 00:32:55,120
Speaker 5: which is actually quite small.

695
00:32:55,200 --> 00:32:57,760
Speaker 3: But you'd be surprised I have a three fifty square block.

696
00:32:57,920 --> 00:33:02,760
Speaker 5: Yeah, I've lived on smaller, and it felt really really small,

697
00:33:03,000 --> 00:33:05,440
Speaker 5: and knowing that I'm hoping to live in this house

698
00:33:05,600 --> 00:33:08,000
Speaker 5: for the next five to ten years, and I think

699
00:33:08,120 --> 00:33:10,080
Speaker 5: that a three to fifty will grow with what I

700
00:33:10,200 --> 00:33:13,480
Speaker 5: hope to grow bedrooms. I'm looking for a minimum of

701
00:33:13,600 --> 00:33:15,840
Speaker 5: three because I run a business from a home.

702
00:33:16,600 --> 00:33:17,320
Speaker 3: You need the space.

703
00:33:17,480 --> 00:33:19,600
Speaker 5: Yeah, my partner also wants to have his own space,

704
00:33:19,600 --> 00:33:21,680
Speaker 5: which I think is very valid. Obviously we then share

705
00:33:21,680 --> 00:33:23,720
Speaker 5: a bedroom, So three is a minimum. Four would be

706
00:33:23,840 --> 00:33:26,320
Speaker 5: lovely to have, but that's something I'm flexible.

707
00:33:25,920 --> 00:33:28,440
Speaker 3: And that's actually quite reasonable in your area. Like that's

708
00:33:28,600 --> 00:33:32,000
Speaker 3: like if we looked at my area. Okay, so do

709
00:33:32,080 --> 00:33:34,880
Speaker 3: you have two million dollars Jessica Hart, Yeah, I'm.

710
00:33:34,760 --> 00:33:38,160
Speaker 5: Looking in suburbs like much outer suburbs. Yes, it is

711
00:33:38,280 --> 00:33:40,800
Speaker 5: like a it is pretty common. Most houses are three

712
00:33:40,840 --> 00:33:43,520
Speaker 5: to four bedroom, two bathroom, and a two car garage

713
00:33:43,600 --> 00:33:45,960
Speaker 5: is also something that's important to me, again from a

714
00:33:46,080 --> 00:33:49,680
Speaker 5: resale perspective as well as just from a lifestyle perspective.

715
00:33:50,160 --> 00:33:51,719
Speaker 3: And then the last thing you need somewhere to put

716
00:33:51,760 --> 00:33:53,560
Speaker 3: all your containers of Christmas decorations.

717
00:33:53,800 --> 00:33:56,560
Speaker 4: Our two car garage is almost fully I was going to.

718
00:33:56,560 --> 00:33:58,520
Speaker 3: Say it's not because Jess is like, yeah, so I

719
00:33:58,640 --> 00:34:00,920
Speaker 3: really like parking my car indoors at night time. I

720
00:34:01,040 --> 00:34:03,280
Speaker 3: know that that's not the truth, miss jss gutty. She's

721
00:34:03,320 --> 00:34:06,120
Speaker 3: storage thing, Yeah, like I need somewhere to put all

722
00:34:06,200 --> 00:34:07,720
Speaker 3: of those tubs genuinely.

723
00:34:07,880 --> 00:34:09,879
Speaker 5: And then the last to negotiate for me is ceiling high.

724
00:34:09,880 --> 00:34:11,920
Speaker 5: Because obviously to raise the height of a ceiling be

725
00:34:11,920 --> 00:34:12,720
Speaker 5: super expensive.

726
00:34:12,840 --> 00:34:15,360
Speaker 3: We're also so many places it's not even an option.

727
00:34:15,719 --> 00:34:17,759
Speaker 5: Yeah, And because I am looking at a smaller block

728
00:34:17,800 --> 00:34:19,680
Speaker 5: and there for a smaller house, I like that higher

729
00:34:19,719 --> 00:34:22,480
Speaker 5: ceilings make it feel bigger and also let in more light,

730
00:34:22,520 --> 00:34:24,360
Speaker 5: which is something that's important for me with like what

731
00:34:24,480 --> 00:34:25,160
Speaker 5: I do for work.

732
00:34:25,360 --> 00:34:27,719
Speaker 3: Yeah, yeah, and I love that. What's something that would

733
00:34:27,719 --> 00:34:30,160
Speaker 3: be like nice to have? Then, like, what's something do

734
00:34:30,239 --> 00:34:32,160
Speaker 3: you're like, ooh so nice? But also if it doesn't

735
00:34:32,160 --> 00:34:33,359
Speaker 3: have it, I just don't care.

736
00:34:33,680 --> 00:34:37,600
Speaker 5: I think, like pretty much just the style of the interior, Like,

737
00:34:37,680 --> 00:34:40,000
Speaker 5: I'm very open to buying something that's she's a little

738
00:34:40,000 --> 00:34:42,320
Speaker 5: bit ugger now, but down the track I can renovate it.

739
00:34:42,480 --> 00:34:45,680
Speaker 3: Yeah, you know, I'm gonna call my friends at Kaboodle worry,

740
00:34:45,800 --> 00:34:46,319
Speaker 3: don't you worry?

741
00:34:46,800 --> 00:34:48,799
Speaker 5: Yeah, I'll be like guys like there's a kitchen, there's

742
00:34:48,800 --> 00:34:51,240
Speaker 5: a bathroom, whatever, a code of pain, a change of flaws.

743
00:34:51,840 --> 00:34:53,479
Speaker 5: I can live in something that's ugly for a little

744
00:34:53,480 --> 00:34:55,600
Speaker 5: while while I save the money to update it down

745
00:34:55,680 --> 00:34:57,440
Speaker 5: the track, and you can do so much, I think,

746
00:34:57,520 --> 00:35:00,560
Speaker 5: cosmetically at a really reasonable price point, so I'm not

747
00:35:01,080 --> 00:35:03,640
Speaker 5: too fussy honestly with what it looks like on the inside.

748
00:35:04,040 --> 00:35:07,040
Speaker 3: Let's talk a hot minute about I've written down tip

749
00:35:07,160 --> 00:35:09,839
Speaker 3: number five and it's not skipping inspections. And you spoke

750
00:35:09,840 --> 00:35:11,800
Speaker 3: about this before, Like you know, if the property is

751
00:35:11,840 --> 00:35:13,879
Speaker 3: not meeting the criteria, still go meet with the real

752
00:35:14,000 --> 00:35:17,399
Speaker 3: estate agent and like kind of show face. I would

753
00:35:17,440 --> 00:35:19,600
Speaker 3: say this is one of the best things that you

754
00:35:19,680 --> 00:35:21,880
Speaker 3: can do early on as well, not just for showing

755
00:35:21,960 --> 00:35:25,120
Speaker 3: face and building that relationship, but even before you're ready

756
00:35:25,200 --> 00:35:28,440
Speaker 3: to buy. It's go to some open homes because it

757
00:35:28,520 --> 00:35:31,279
Speaker 3: can be so intimidating. Like if your first hope and

758
00:35:31,360 --> 00:35:33,960
Speaker 3: home is what you have built up in your head

759
00:35:34,000 --> 00:35:36,520
Speaker 3: and we've all done this to be your dream home,

760
00:35:36,960 --> 00:35:40,040
Speaker 3: going into that, you're anxious, you feel sick, you're so

761
00:35:40,160 --> 00:35:42,520
Speaker 3: worried about what the real estate agent is thinking. You're

762
00:35:42,600 --> 00:35:46,000
Speaker 3: not thinking clearly about your checklist of what we're actually

763
00:35:46,120 --> 00:35:48,279
Speaker 3: looking for in an open home, because an open home,

764
00:35:49,120 --> 00:35:51,719
Speaker 3: I'm sorry, it's not to walk through and go oh

765
00:35:51,840 --> 00:35:54,719
Speaker 3: that's styled so well, like, oh look that double bed

766
00:35:54,880 --> 00:35:56,960
Speaker 3: is I love that doing to cover Like that's not

767
00:35:57,040 --> 00:35:59,319
Speaker 3: why we're walking through the house. Yeah, and we can

768
00:35:59,400 --> 00:36:03,880
Speaker 3: get really distracted. But going to open homes before you

769
00:36:04,160 --> 00:36:07,200
Speaker 3: have found, quote, the one or one that you're even

770
00:36:07,320 --> 00:36:09,640
Speaker 3: interested in bidding on or putting in an offer for,

771
00:36:10,040 --> 00:36:13,160
Speaker 3: it's going to help you build some confidence. It's gonna

772
00:36:13,719 --> 00:36:16,440
Speaker 3: help you learn what things cost, and you go, oh, well,

773
00:36:16,560 --> 00:36:19,680
Speaker 3: what's the difference between six fifty and seven hundred? Like

774
00:36:20,000 --> 00:36:23,440
Speaker 3: go see it, touch it, see it, like talk to

775
00:36:23,600 --> 00:36:26,759
Speaker 3: people about it, because sometimes online you go it's the same,

776
00:36:26,800 --> 00:36:28,680
Speaker 3: why would it be? And then you get there and

777
00:36:28,719 --> 00:36:31,239
Speaker 3: you're like, oh, this street is really nice, like it's

778
00:36:31,360 --> 00:36:34,080
Speaker 3: like a very close coulder sack instead of like a

779
00:36:34,200 --> 00:36:36,279
Speaker 3: main road or something. You go, Okay, I can see

780
00:36:36,320 --> 00:36:38,960
Speaker 3: why this might be a little bit more expensive, even

781
00:36:39,040 --> 00:36:42,200
Speaker 3: if the floor plans are identical. So what we're able

782
00:36:42,280 --> 00:36:44,520
Speaker 3: to do is what you like or you don't like

783
00:36:44,680 --> 00:36:47,920
Speaker 3: in real life versus in photos as well. How many times,

784
00:36:48,040 --> 00:36:50,560
Speaker 3: Jess have you been to an open for inspection and

785
00:36:50,680 --> 00:36:53,120
Speaker 3: you've seen the photos online and you're like, oh, that

786
00:36:53,239 --> 00:36:55,160
Speaker 3: room's massive, that would be perfect, and then you walk

787
00:36:55,200 --> 00:36:58,000
Speaker 3: in and you're like, this cannot be the same property.

788
00:36:58,200 --> 00:37:02,680
Speaker 3: Real estate photographers work, they you know, day are working

789
00:37:02,760 --> 00:37:03,279
Speaker 3: for their money.

790
00:37:03,360 --> 00:37:03,880
Speaker 4: They really are.

791
00:37:04,000 --> 00:37:06,000
Speaker 3: They are like they are always so you know how

792
00:37:06,120 --> 00:37:08,000
Speaker 3: when we try to take a selfie together, Jess, we

793
00:37:08,040 --> 00:37:09,960
Speaker 3: always do point five so that we get everything in.

794
00:37:10,840 --> 00:37:14,000
Speaker 3: They are the kings and queens of point five photography

795
00:37:14,320 --> 00:37:17,040
Speaker 3: to make sure that the room looks as big as possible,

796
00:37:17,440 --> 00:37:20,120
Speaker 3: because like, sorry, if they put a photo of the

797
00:37:20,200 --> 00:37:22,520
Speaker 3: room looking teeny tiny and it only fits a single

798
00:37:22,640 --> 00:37:24,160
Speaker 3: are you going to go to that inspection?

799
00:37:24,680 --> 00:37:26,319
Speaker 5: A little bit of color grading, maybe a little bit

800
00:37:26,320 --> 00:37:27,280
Speaker 5: of AI furniture.

801
00:37:27,520 --> 00:37:31,160
Speaker 3: They're doing the most I saw the other day on Facebook.

802
00:37:31,360 --> 00:37:33,000
Speaker 3: I actually will find it and send it to you

803
00:37:33,480 --> 00:37:36,520
Speaker 3: where a real estate agent had AI put in a

804
00:37:36,760 --> 00:37:40,480
Speaker 3: tree in the front garden and its honestly beautiful tree.

805
00:37:40,560 --> 00:37:42,200
Speaker 3: It was like really big and it was kind of

806
00:37:42,239 --> 00:37:46,320
Speaker 3: this like Californian bungalow style property in my area and

807
00:37:46,400 --> 00:37:49,919
Speaker 3: they put this bigger tree and it turns out that's

808
00:37:49,960 --> 00:37:52,400
Speaker 3: such an attractive feature in our area is to have

809
00:37:52,600 --> 00:37:56,160
Speaker 3: really large established trees. Yeah, and it actually added like

810
00:37:56,280 --> 00:37:59,360
Speaker 3: fifty thousand dollars to like sale price if the property.

811
00:37:59,360 --> 00:38:00,960
Speaker 3: But when people turning up, they're.

812
00:38:00,840 --> 00:38:01,680
Speaker 4: Like, where's the tree?

813
00:38:01,960 --> 00:38:05,640
Speaker 3: Was the tree? Like there's actually no street coverage, like

814
00:38:05,800 --> 00:38:09,240
Speaker 3: it's really barren. Yeah, and like the photo made it anyway,

815
00:38:09,320 --> 00:38:11,839
Speaker 3: it was I thought quite funny because I was like, sir,

816
00:38:12,000 --> 00:38:14,279
Speaker 3: you really tried your hardest and it looks beautiful, but

817
00:38:14,360 --> 00:38:16,000
Speaker 3: you've shot yourself in the foot, because that's like the

818
00:38:16,040 --> 00:38:18,960
Speaker 3: first thing people are asking when they're turning up, because like, sorry,

819
00:38:19,000 --> 00:38:21,799
Speaker 3: there was these big established oak tree in the front yard.

820
00:38:22,520 --> 00:38:24,319
Speaker 3: But what you're going to do if you start going

821
00:38:24,400 --> 00:38:26,279
Speaker 3: to open for inspections early, Jess, is you're going to

822
00:38:26,320 --> 00:38:30,279
Speaker 3: start to notice patterns which homes you go, look, this

823
00:38:30,520 --> 00:38:35,520
Speaker 3: is clearly being underquoted, which agents are maybe doing that,

824
00:38:36,000 --> 00:38:39,000
Speaker 3: Like which agents are talking a lot of talk and

825
00:38:39,160 --> 00:38:42,239
Speaker 3: maybe are over hyping properties, And then it's going to

826
00:38:42,320 --> 00:38:44,480
Speaker 3: give you a really good idea of what is normal

827
00:38:44,640 --> 00:38:48,000
Speaker 3: in a certain price range. Yes, you know what I

828
00:38:48,160 --> 00:38:50,319
Speaker 3: mean to throw you under rebut but how many house

829
00:38:50,400 --> 00:38:53,320
Speaker 3: inspections do you think you've been to god over the years.

830
00:38:53,640 --> 00:38:56,919
Speaker 4: I reckon, I'd be pushing like seventy to eighty. Oh,

831
00:38:57,440 --> 00:38:58,879
Speaker 4: I'm getting close to one hundred.

832
00:38:59,560 --> 00:39:02,479
Speaker 3: Talk to me when you go first things first?

833
00:39:02,920 --> 00:39:04,640
Speaker 5: Is it just you? I will usually go to the

834
00:39:04,719 --> 00:39:07,239
Speaker 5: first one by myself, and then if i'm going, if

835
00:39:07,280 --> 00:39:08,759
Speaker 5: I like it enough to go back a second time,

836
00:39:08,840 --> 00:39:09,640
Speaker 5: I'll take my partner.

837
00:39:09,880 --> 00:39:11,680
Speaker 3: And how many other people are turning up?

838
00:39:11,840 --> 00:39:14,840
Speaker 5: They're so the markt right now. It's so busy, Like

839
00:39:14,920 --> 00:39:17,160
Speaker 5: there's always other parties there.

840
00:39:17,200 --> 00:39:17,840
Speaker 4: I would say.

841
00:39:17,800 --> 00:39:19,959
Speaker 5: Usually five or six groups a lot of the time,

842
00:39:20,200 --> 00:39:21,960
Speaker 5: and different groups every time too, And I.

843
00:39:22,000 --> 00:39:24,479
Speaker 3: Find that so intimidating because like if you see another couple,

844
00:39:24,560 --> 00:39:26,520
Speaker 3: you're like, have you got the same budget as us?

845
00:39:26,840 --> 00:39:28,640
Speaker 3: Or like, what are you looking at? Why are you

846
00:39:28,719 --> 00:39:33,840
Speaker 3: saying that that kitchen's nice? You're my competition? Yeah, isn't it?

847
00:39:34,000 --> 00:39:36,720
Speaker 3: And Steve and I went to an open for inspection

848
00:39:36,880 --> 00:39:39,319
Speaker 3: the other day because, like, as I said, we're selling

849
00:39:39,360 --> 00:39:41,560
Speaker 3: our property, but we're hopeful to purchase in the same

850
00:39:41,719 --> 00:39:44,000
Speaker 3: area at some point in the future. You know what

851
00:39:44,160 --> 00:39:46,480
Speaker 3: intimidated me is like we turn up and like we

852
00:39:46,600 --> 00:39:48,759
Speaker 3: had a harvey with us, and so we're running like

853
00:39:48,880 --> 00:39:50,719
Speaker 3: five minutes late, which was fine because it wasn't half

854
00:39:50,920 --> 00:39:53,800
Speaker 3: like half an hour slot get there, and obviously everyone

855
00:39:53,840 --> 00:39:56,840
Speaker 3: had turned up at the right like on time. It

856
00:39:56,960 --> 00:39:59,720
Speaker 3: was the amount of shoes out the front of the property,

857
00:39:59,719 --> 00:40:01,759
Speaker 3: because like when you go through a house, by the way,

858
00:40:01,920 --> 00:40:04,280
Speaker 3: take off your shoes. You don't walk through an open

859
00:40:04,520 --> 00:40:07,200
Speaker 3: home with your shoes on. I was just I looked

860
00:40:07,200 --> 00:40:09,000
Speaker 3: at Steve and was like, are we sure we want

861
00:40:09,040 --> 00:40:10,360
Speaker 3: to go in there? Because that looks like there's like

862
00:40:10,480 --> 00:40:12,480
Speaker 3: thirty people in there. Yeah. Like it was just like

863
00:40:12,640 --> 00:40:16,759
Speaker 3: this shoe graveyard at the front door. So what are

864
00:40:16,800 --> 00:40:20,080
Speaker 3: we going to look out for at open homes? Like?

865
00:40:20,280 --> 00:40:21,680
Speaker 3: I feel like there are lots of things that we

866
00:40:21,760 --> 00:40:23,920
Speaker 3: should look out for that are making us like the

867
00:40:24,080 --> 00:40:25,200
Speaker 3: housemall jests.

868
00:40:25,320 --> 00:40:28,080
Speaker 5: Yep, definitely. There's a lot of little tricks the agents

869
00:40:28,200 --> 00:40:29,640
Speaker 5: use when they're trying to sell, So keep an eye

870
00:40:29,640 --> 00:40:31,400
Speaker 5: out for things like candles and music. They'll try and

871
00:40:31,440 --> 00:40:35,000
Speaker 5: set the mood. The ambiance work. It works for me, Yeah,

872
00:40:35,239 --> 00:40:37,279
Speaker 5: the scent of cookies making it's like a it's a

873
00:40:37,360 --> 00:40:38,080
Speaker 5: scientific thing.

874
00:40:38,160 --> 00:40:41,920
Speaker 4: It triggers you to feel like more at home, more comfortable.

875
00:40:41,480 --> 00:40:42,960
Speaker 3: To like I'm going to try it. I'm going to

876
00:40:43,040 --> 00:40:45,520
Speaker 3: go get one of those roles of pre made cookies.

877
00:40:46,280 --> 00:40:48,040
Speaker 3: I'm going to make it before a house inspection and

878
00:40:48,080 --> 00:40:49,440
Speaker 3: see if people are more interested.

879
00:40:49,600 --> 00:40:51,400
Speaker 4: It honestly will make a difference. It's how it's not

880
00:40:51,560 --> 00:40:52,239
Speaker 4: exactly right.

881
00:40:52,719 --> 00:40:53,680
Speaker 3: The lights as well.

882
00:40:53,880 --> 00:40:55,759
Speaker 4: Lighting is such a big thing. You'll notice when you go.

883
00:40:55,840 --> 00:40:58,680
Speaker 5: They turn on every light in every room, every lamp,

884
00:40:58,840 --> 00:41:01,480
Speaker 5: every lamp, every They can so flick a few off.

885
00:41:01,600 --> 00:41:03,040
Speaker 5: What does it look like when the lights are a

886
00:41:03,040 --> 00:41:06,160
Speaker 5: little dimmer. Checking the compass on your phone is also

887
00:41:06,239 --> 00:41:08,600
Speaker 5: a good one, and maybe bringing a tape measure compass.

888
00:41:09,000 --> 00:41:11,960
Speaker 3: Well, you know, if girl, you are turning up prepared,

889
00:41:12,000 --> 00:41:13,120
Speaker 3: what are you a scout?

890
00:41:13,560 --> 00:41:13,719
Speaker 1: You know?

891
00:41:14,160 --> 00:41:16,919
Speaker 4: If I get lost, I'm leading you home. But knowing

892
00:41:16,960 --> 00:41:18,759
Speaker 4: what orientation the block is on will let you know

893
00:41:18,920 --> 00:41:20,200
Speaker 4: how much light you're going to get.

894
00:41:20,320 --> 00:41:22,040
Speaker 3: Okay, Yeah, so that I don't have to say to

895
00:41:22,120 --> 00:41:24,440
Speaker 3: the real estate agent, is this north facing?

896
00:41:24,800 --> 00:41:25,040
Speaker 6: Yeah?

897
00:41:25,400 --> 00:41:27,480
Speaker 5: You might find that things are listed as north facing,

898
00:41:27,560 --> 00:41:30,400
Speaker 5: but actually their northelk is correct, which is not the

899
00:41:30,480 --> 00:41:32,839
Speaker 5: worst thing, but it's also handy to know what those

900
00:41:32,880 --> 00:41:35,040
Speaker 5: patterns are going to look like. Yeah, if you can

901
00:41:35,320 --> 00:41:37,240
Speaker 5: come back on a rainy day or in a different

902
00:41:37,280 --> 00:41:39,160
Speaker 5: time of day, I'll usually try to do like a

903
00:41:39,239 --> 00:41:42,520
Speaker 5: daytime and an evening in so you can see what

904
00:41:42,680 --> 00:41:45,800
Speaker 5: the light's like, what the ambience in the street is like.

905
00:41:45,960 --> 00:41:47,600
Speaker 5: You know, are there people hooning up and down the

906
00:41:47,719 --> 00:41:48,520
Speaker 5: road at night time?

907
00:41:48,920 --> 00:41:51,800
Speaker 3: The neighbors have I went to a hope and inspection

908
00:41:51,920 --> 00:41:54,080
Speaker 3: a while ago, and this is when we're looking for

909
00:41:54,160 --> 00:41:56,800
Speaker 3: our first home, and I said to Steve, I'm so sorry.

910
00:41:57,000 --> 00:41:58,920
Speaker 3: We haven't even gone into the house yet, but we're

911
00:41:58,960 --> 00:42:02,880
Speaker 3: not moving here. That neighbor has three upside down Cole's

912
00:42:03,200 --> 00:42:06,920
Speaker 3: trolleys in their front garden, and to me, that's just

913
00:42:07,000 --> 00:42:10,680
Speaker 3: giving chaotic neighbor. I don't know who we want to

914
00:42:10,719 --> 00:42:12,320
Speaker 3: live in this area, No, totally.

915
00:42:12,520 --> 00:42:14,839
Speaker 5: And going back at different times of day, you'll see

916
00:42:14,920 --> 00:42:17,000
Speaker 5: things that maybe you didn't see the first time. The

917
00:42:17,040 --> 00:42:20,000
Speaker 5: golf ball trick is a really popular one popular. Take

918
00:42:20,000 --> 00:42:21,840
Speaker 5: a little golf or any kind of ball. You'd have

919
00:42:21,840 --> 00:42:23,880
Speaker 5: a golf balks here. I have so many golf falls,

920
00:42:24,000 --> 00:42:27,800
Speaker 5: absolutely popping it down on a floor in different rooms.

921
00:42:27,920 --> 00:42:29,760
Speaker 4: If it rolls, it's on a slap.

922
00:42:29,840 --> 00:42:33,920
Speaker 3: So you're doing your own building and pest inspections, little pretests, Okay.

923
00:42:34,280 --> 00:42:34,840
Speaker 1: I like it.

924
00:42:35,600 --> 00:42:37,520
Speaker 5: Chatting to the neighbors as well. I feel like when

925
00:42:37,520 --> 00:42:40,480
Speaker 5: there's opens neighbors often around.

926
00:42:40,000 --> 00:42:43,000
Speaker 3: I didn't want to talk to the neighbor the trolleys.

927
00:42:43,760 --> 00:42:45,719
Speaker 4: No, actually that's very fair, but that.

928
00:42:45,840 --> 00:42:47,840
Speaker 3: Makes sense because like I'm a sticky beak.

929
00:42:47,880 --> 00:42:49,920
Speaker 5: Exactly, they will often want to see what's going on.

930
00:42:50,160 --> 00:42:52,839
Speaker 5: Neighbors on an auction day are off and around.

931
00:42:52,680 --> 00:42:54,480
Speaker 4: Just saying, oh do you like the area? Have you

932
00:42:54,560 --> 00:42:55,200
Speaker 4: lived there long?

933
00:42:55,680 --> 00:42:58,040
Speaker 5: People want nice people to move in next door to them,

934
00:42:58,080 --> 00:43:00,399
Speaker 5: so they're often pretty happy to tell you what's going

935
00:43:00,440 --> 00:43:02,480
Speaker 5: on and what they think if they like your vibe.

936
00:43:03,080 --> 00:43:06,120
Speaker 5: And then lastly, I would say use local Facebook groups

937
00:43:06,200 --> 00:43:07,520
Speaker 5: to check you know what.

938
00:43:07,600 --> 00:43:08,239
Speaker 3: The area's like.

939
00:43:08,480 --> 00:43:11,760
Speaker 5: Are there people complaining a lot putting up camera footage?

940
00:43:12,480 --> 00:43:15,759
Speaker 3: Oh that's Youmart, You'll move in the streets doing xyzed

941
00:43:16,320 --> 00:43:18,600
Speaker 3: Like the area that you live in has like lots

942
00:43:18,640 --> 00:43:21,120
Speaker 3: of different housing estates, and I believe that then you've

943
00:43:21,160 --> 00:43:23,040
Speaker 3: mentioned this on the show before you're in like one

944
00:43:23,080 --> 00:43:25,200
Speaker 3: of your house or were back when you're in your

945
00:43:25,239 --> 00:43:27,839
Speaker 3: old house in one of the housing estate Facebook groups. Yes,

946
00:43:28,200 --> 00:43:30,719
Speaker 3: join it before you buy there have a little sus

947
00:43:30,960 --> 00:43:33,680
Speaker 3: everyone's complaining about the kids on the bikes knocking over

948
00:43:33,800 --> 00:43:36,240
Speaker 3: the letterboxes with cricket bats.

949
00:43:36,320 --> 00:43:38,120
Speaker 5: Genuinely, I feel like, take you with a grain of salts.

950
00:43:38,200 --> 00:43:39,719
Speaker 5: People love to complain in those groups, so it gives

951
00:43:39,719 --> 00:43:41,799
Speaker 5: you a really good sign of what's happening. Are there,

952
00:43:41,840 --> 00:43:44,880
Speaker 5: community events, are there, you know, people saying hey, like

953
00:43:45,080 --> 00:43:47,040
Speaker 5: free to a good home. It'll give you an idea

954
00:43:47,080 --> 00:43:48,920
Speaker 5: of what the vibe is in the area.

955
00:43:49,160 --> 00:43:51,239
Speaker 3: That's quite smart, especially if it's not an area that

956
00:43:51,320 --> 00:43:54,239
Speaker 3: you already live. Like for me, that's not going to help,

957
00:43:54,680 --> 00:43:56,680
Speaker 3: just because I have lived in the area for the

958
00:43:56,800 --> 00:43:59,799
Speaker 3: last nearly ten years, which is crazy and that's why

959
00:43:59,840 --> 00:44:02,040
Speaker 3: I want to stay. But if you're moving suburbs, it

960
00:44:02,080 --> 00:44:04,600
Speaker 3: can be so overwhelming. If you're like, oh, we're thinking

961
00:44:04,600 --> 00:44:07,239
Speaker 3: about moving suburbs and like we drive through this area

962
00:44:07,280 --> 00:44:09,640
Speaker 3: and it looks nice enough, but like that's not going

963
00:44:09,680 --> 00:44:11,839
Speaker 3: to give you a proper vibe check. So that's quite

964
00:44:12,160 --> 00:44:14,920
Speaker 3: especially if you're moving states or something as well. I

965
00:44:14,960 --> 00:44:17,960
Speaker 3: would say. The other thing is you can contact the

966
00:44:18,080 --> 00:44:21,600
Speaker 3: council for free, so like you can contact Sorry just

967
00:44:21,680 --> 00:44:25,680
Speaker 3: to add that in, but flood overlays and things like that,

968
00:44:25,920 --> 00:44:28,840
Speaker 3: if there are big buildings going up in the area,

969
00:44:29,320 --> 00:44:31,440
Speaker 3: you know what the types of people that work at council.

970
00:44:31,800 --> 00:44:34,640
Speaker 3: They're nice eggs, Like call them up and be like, Hi,

971
00:44:34,760 --> 00:44:37,440
Speaker 3: my name's Jess, Like, I hope I'm not wasting your time.

972
00:44:37,480 --> 00:44:39,440
Speaker 3: But I'm a first home buyer in the area and

973
00:44:39,520 --> 00:44:42,560
Speaker 3: I just wanted to inquire I'm buying on this particular street.

974
00:44:42,960 --> 00:44:45,800
Speaker 3: Is there anything I need to know? Girl, if you

975
00:44:45,920 --> 00:44:48,080
Speaker 3: get old Mary, who's worked for the council for the

976
00:44:48,200 --> 00:44:50,960
Speaker 3: last thirty years, she tell you, she's going to tell

977
00:44:51,000 --> 00:44:53,200
Speaker 3: you she's got all the goss, she'd be like, oh, yep,

978
00:44:53,280 --> 00:44:56,040
Speaker 3: so been nights on Thursday and she's going to tell

979
00:44:56,080 --> 00:44:59,000
Speaker 3: you call her. She wants to hear from you. I mean, please,

980
00:44:59,040 --> 00:45:02,360
Speaker 3: don't waste her time, Like promise that's a good idea.

981
00:45:02,600 --> 00:45:05,280
Speaker 5: Speaking of Facebook, there was actually a post really recently

982
00:45:05,520 --> 00:45:08,440
Speaker 5: in our Facebook group where a community and mother was

983
00:45:08,440 --> 00:45:10,560
Speaker 5: asking for advice on what to look out for at

984
00:45:10,719 --> 00:45:15,080
Speaker 5: inspections and there were so many fantastic comments. I feel like,

985
00:45:15,280 --> 00:45:17,200
Speaker 5: if you're not already in there, a little shameless plug,

986
00:45:17,320 --> 00:45:19,759
Speaker 5: join the Facebook group because know what's going on and

987
00:45:19,840 --> 00:45:20,799
Speaker 5: they are sharing it in there.

988
00:45:20,880 --> 00:45:23,400
Speaker 3: And we were born to yap as well, and like,

989
00:45:23,560 --> 00:45:27,480
Speaker 3: I mean, we don't endorse real gossip, but like when

990
00:45:27,560 --> 00:45:30,040
Speaker 3: it comes to gossip about buying first home or what

991
00:45:30,200 --> 00:45:32,000
Speaker 3: overs we need to hear. We're here for it and

992
00:45:32,080 --> 00:45:35,360
Speaker 3: we're all just sharing in the Facebook group. Also, I

993
00:45:35,440 --> 00:45:37,719
Speaker 3: would say, Jess, you said that you turn up with

994
00:45:37,760 --> 00:45:40,880
Speaker 3: a compass and a golf so I don't think that

995
00:45:41,000 --> 00:45:42,759
Speaker 3: this is a tip that I need to give you.

996
00:45:43,400 --> 00:45:45,560
Speaker 3: But for a lot of other people, they'll be like, oh,

997
00:45:45,760 --> 00:45:47,080
Speaker 3: I don't know if I want to do that. That

998
00:45:47,200 --> 00:45:50,680
Speaker 3: feels a little bit embarrassing. Sorry, this is the biggest

999
00:45:50,840 --> 00:45:53,839
Speaker 3: financial decision you're ever going to make in your entire life,

1000
00:45:54,080 --> 00:45:56,680
Speaker 3: and you're embarrassed of somebody seeing you put a golf

1001
00:45:56,719 --> 00:46:00,759
Speaker 3: ball on the ground. Absolutely sorry, look crazy? Like look

1002
00:46:00,840 --> 00:46:04,840
Speaker 3: crazy because I can't think of another investment or purchase

1003
00:46:04,880 --> 00:46:07,640
Speaker 3: that you're going to make that is this large. It's

1004
00:46:07,680 --> 00:46:10,920
Speaker 3: a massive commitment and it can be really overwhelming. And

1005
00:46:11,160 --> 00:46:14,359
Speaker 3: if you're really serious about a particular property and you say, oh,

1006
00:46:14,480 --> 00:46:17,080
Speaker 3: it's a Thursday twelve and you're like, damn, I have work,

1007
00:46:17,160 --> 00:46:20,360
Speaker 3: and then like Saturday at like one, you've got netball

1008
00:46:20,480 --> 00:46:23,520
Speaker 3: or something, ask for a private inspection, call the real

1009
00:46:23,640 --> 00:46:26,839
Speaker 3: estate agent and say, hey, I'm actually really really keen

1010
00:46:26,920 --> 00:46:30,160
Speaker 3: on this property. Could I please organize a private inspection

1011
00:46:30,800 --> 00:46:33,040
Speaker 3: someone like me. I'm sorry, I saw all the shoes

1012
00:46:33,080 --> 00:46:35,200
Speaker 3: at the door. I was thinking about the shoes the

1013
00:46:35,239 --> 00:46:37,480
Speaker 3: whole time I was looking at this particular property, Like

1014
00:46:37,640 --> 00:46:39,960
Speaker 3: I was anxious. I was a little bit overwhelmed, Like

1015
00:46:40,040 --> 00:46:43,560
Speaker 3: there were so many people. But they're busy and they're noisy,

1016
00:46:43,640 --> 00:46:45,560
Speaker 3: and they're rushed, and a private inspection is just going

1017
00:46:45,600 --> 00:46:48,040
Speaker 3: to be you, maybe your partner if you're going to

1018
00:46:48,120 --> 00:46:52,040
Speaker 3: let them come, and the real estate agent. And I

1019
00:46:52,280 --> 00:46:55,560
Speaker 3: don't think you should ever purchase a property off just

1020
00:46:55,680 --> 00:46:57,080
Speaker 3: like one inspection.

1021
00:46:57,320 --> 00:46:58,160
Speaker 4: I completely agree.

1022
00:46:58,200 --> 00:47:01,120
Speaker 3: Sorry, Like even if it's going up for that, we're

1023
00:47:01,200 --> 00:47:05,160
Speaker 3: asking for private inspections. We are seeing what is possible.

1024
00:47:05,600 --> 00:47:08,800
Speaker 3: And then also, Jess, you and I have written a checklist,

1025
00:47:09,239 --> 00:47:11,480
Speaker 3: So not only are you going to take your golf

1026
00:47:11,520 --> 00:47:14,560
Speaker 3: ball and your compass, you're actually going to take this checklist.

1027
00:47:14,640 --> 00:47:16,400
Speaker 3: You can print it or you can have it on

1028
00:47:16,480 --> 00:47:19,120
Speaker 3: your phone. We're going to link it in our show notes.

1029
00:47:19,160 --> 00:47:21,160
Speaker 3: It's free. You can also just jump on the She's

1030
00:47:21,160 --> 00:47:23,000
Speaker 3: on the Money website and download it. But it's like

1031
00:47:23,400 --> 00:47:27,800
Speaker 3: everything that we would check in a first home, So

1032
00:47:28,080 --> 00:47:31,200
Speaker 3: it's you know, if you're buying a house, what type

1033
00:47:31,239 --> 00:47:33,800
Speaker 3: of stumps. Is the house on Jess, Is it on

1034
00:47:33,920 --> 00:47:36,319
Speaker 3: concrete or is it on wood. If it's on wood,

1035
00:47:36,360 --> 00:47:39,160
Speaker 3: there might be the probability of that house needing to

1036
00:47:39,239 --> 00:47:41,760
Speaker 3: be re stumped at some point. Like we are dotting

1037
00:47:41,800 --> 00:47:43,560
Speaker 3: all our i's and crossing all our t's, and I

1038
00:47:43,680 --> 00:47:45,480
Speaker 3: promise most of these things aren't just going to be

1039
00:47:45,480 --> 00:47:47,560
Speaker 3: in the listing. There are things that you have to

1040
00:47:47,600 --> 00:47:50,640
Speaker 3: look out for in person at your first home inspection.

1041
00:47:51,760 --> 00:47:54,520
Speaker 3: The other thing that I want to talk about here, Jess,

1042
00:47:54,680 --> 00:47:56,759
Speaker 3: and it's like a pivot because it's not free. So

1043
00:47:56,840 --> 00:47:58,440
Speaker 3: I'll give you the free checklist and you can do

1044
00:47:58,520 --> 00:48:01,680
Speaker 3: absolutely everything. But if you are very serious about purchasing

1045
00:48:01,760 --> 00:48:05,279
Speaker 3: your first home, and I know that you are on

1046
00:48:05,360 --> 00:48:07,319
Speaker 3: the side of caution here because you're like, oh my god,

1047
00:48:07,360 --> 00:48:09,919
Speaker 3: this house is probably going to go over, I don't

1048
00:48:09,920 --> 00:48:11,640
Speaker 3: want to spend a couple of hundred dollars and flash

1049
00:48:11,680 --> 00:48:15,279
Speaker 3: it down the toilet. But before you buy, Jess, what

1050
00:48:15,400 --> 00:48:15,839
Speaker 3: am I going.

1051
00:48:15,840 --> 00:48:18,080
Speaker 4: To say, get a building a section.

1052
00:48:18,640 --> 00:48:18,839
Speaker 2: Yes.

1053
00:48:19,680 --> 00:48:22,280
Speaker 3: And the reason you need to do that is because

1054
00:48:22,600 --> 00:48:24,800
Speaker 3: you can take your golf will, you can take your compass,

1055
00:48:25,080 --> 00:48:26,960
Speaker 3: you could take the checklist that I've made for you,

1056
00:48:27,200 --> 00:48:29,839
Speaker 3: and I know will help, but you don't know how

1057
00:48:29,880 --> 00:48:32,640
Speaker 3: to check for damp. You don't know how to check

1058
00:48:32,800 --> 00:48:36,279
Speaker 3: for water damage that's just been painted over. You don't

1059
00:48:36,320 --> 00:48:38,399
Speaker 3: know how to get up into the roof and check

1060
00:48:38,480 --> 00:48:40,200
Speaker 3: whether there's termites in the eves.

1061
00:48:40,280 --> 00:48:42,799
Speaker 4: No would I want to, But you know what we're

1062
00:48:42,840 --> 00:48:43,120
Speaker 4: going to do.

1063
00:48:43,480 --> 00:48:46,040
Speaker 3: Pay someone to do that, because that's going to save

1064
00:48:46,120 --> 00:48:49,080
Speaker 3: you a lot. Like the difference between getting a building

1065
00:48:49,120 --> 00:48:51,680
Speaker 3: and pest inspection and then finding out that there is

1066
00:48:51,760 --> 00:48:54,640
Speaker 3: water damage in your floor could mean thirty thousand dollars

1067
00:48:54,680 --> 00:48:57,080
Speaker 3: on moving in because you have to replace all the floors. Yeah,

1068
00:48:57,160 --> 00:49:00,440
Speaker 3: you want to know, I want to know, so boring,

1069
00:49:00,840 --> 00:49:03,880
Speaker 3: but please do it. Building in pest inspections, they're honestly

1070
00:49:04,000 --> 00:49:06,680
Speaker 3: going to vary depending on the type and size of

1071
00:49:06,719 --> 00:49:09,200
Speaker 3: your property. Like if you're buying a mega mansion on

1072
00:49:09,280 --> 00:49:11,200
Speaker 3: a couple of acres, I promise it's going to be

1073
00:49:11,400 --> 00:49:14,240
Speaker 3: a couple of grand But if you're buying a regular

1074
00:49:14,360 --> 00:49:17,879
Speaker 3: sized property like house and land kind of deal, it's

1075
00:49:17,920 --> 00:49:20,560
Speaker 3: probably going to cost you anywhere between I'd say four

1076
00:49:20,680 --> 00:49:24,360
Speaker 3: hundred to eight hundred dollars, And I'm so sorry that

1077
00:49:24,480 --> 00:49:27,600
Speaker 3: it is, from my perspective, worth every cent, I wouldn't

1078
00:49:27,600 --> 00:49:29,279
Speaker 3: be doing it for every house. You just go and

1079
00:49:29,320 --> 00:49:30,759
Speaker 3: inspect and you're like, well, I want the building in

1080
00:49:30,800 --> 00:49:33,800
Speaker 3: pest infection unless you're really serious about bidding or trying

1081
00:49:33,800 --> 00:49:38,239
Speaker 3: to purchase that house. And just twenty twenty four Australian

1082
00:49:38,280 --> 00:49:42,200
Speaker 3: Housing and Urban Institute research actually found that about seventy

1083
00:49:42,320 --> 00:49:46,320
Speaker 3: percent of households have reported building quality problems.

1084
00:49:46,520 --> 00:49:48,400
Speaker 5: When I wage in real estate, we were selling a

1085
00:49:48,520 --> 00:49:51,640
Speaker 5: brand new house that had just been built by a developer,

1086
00:49:51,880 --> 00:49:54,000
Speaker 5: and the buyer you would think, oh, it's brand new.

1087
00:49:54,680 --> 00:49:56,719
Speaker 5: It's the problem they did a building a pest and

1088
00:49:56,760 --> 00:49:58,440
Speaker 5: there was so much wrong with that build. So it

1089
00:49:58,520 --> 00:49:59,560
Speaker 5: doesn't matter how new it is.

1090
00:50:00,200 --> 00:50:04,239
Speaker 3: Checked, get it checked because not only people are sneaky, right,

1091
00:50:04,360 --> 00:50:06,440
Speaker 3: So it's not just like oh, we actually had no

1092
00:50:06,520 --> 00:50:09,239
Speaker 3: idea we had rising damp in the walls. It can

1093
00:50:09,400 --> 00:50:13,080
Speaker 3: actually be things like your house doesn't meet code. Yeah,

1094
00:50:13,280 --> 00:50:15,920
Speaker 3: and then all of a sudden you have to spend

1095
00:50:16,280 --> 00:50:19,320
Speaker 3: fifteen thousand dollars on having the whole roof ree gutted

1096
00:50:19,960 --> 00:50:23,000
Speaker 3: because it didn't meet code and your gutters weren't up

1097
00:50:23,040 --> 00:50:25,239
Speaker 3: to standard, and the council for some reason was doing

1098
00:50:25,360 --> 00:50:27,840
Speaker 3: random checks. Yeah, I have seen that happen and it

1099
00:50:28,000 --> 00:50:31,680
Speaker 3: is heartbreaking. And I don't know a building and pest inspection.

1100
00:50:31,760 --> 00:50:34,680
Speaker 3: We're not looking for a flawless property. It's actually about

1101
00:50:34,760 --> 00:50:37,840
Speaker 3: knowing what needs fixing, what's going to be urgent, and

1102
00:50:37,920 --> 00:50:40,520
Speaker 3: then like what you can leave with Bill, who's my

1103
00:50:40,600 --> 00:50:43,440
Speaker 3: building and pest inspector. It's who we use as much

1104
00:50:43,440 --> 00:50:46,719
Speaker 3: as possible through Zella. If you're buying in Victoria, we

1105
00:50:46,840 --> 00:50:49,279
Speaker 3: usually try and use him. He did my building in

1106
00:50:49,320 --> 00:50:51,840
Speaker 3: pest inspection for my first home and he found that

1107
00:50:51,920 --> 00:50:55,239
Speaker 3: one of the showers was leaking into the wall. And

1108
00:50:55,400 --> 00:50:57,799
Speaker 3: that didn't mean it was like a no go zone

1109
00:50:57,880 --> 00:51:00,920
Speaker 3: for me. I was like, oh, okay, well what does

1110
00:51:00,960 --> 00:51:03,279
Speaker 3: that mean? And then you know, having a like a

1111
00:51:03,360 --> 00:51:05,359
Speaker 3: follow up phone call with Bill, he was like, look,

1112
00:51:05,920 --> 00:51:08,799
Speaker 3: doesn't matter that much. You've got some damp plaster. They've

1113
00:51:08,880 --> 00:51:12,440
Speaker 3: clearly not like waterproofed it properly. I said, well, you know,

1114
00:51:12,600 --> 00:51:14,160
Speaker 3: do I have to fix it the second I move?

1115
00:51:14,200 --> 00:51:16,920
Speaker 3: And he's like, oh, like no, it's going to need fixing.

1116
00:51:17,160 --> 00:51:19,960
Speaker 3: You've got at least eighteen months though, like you're not

1117
00:51:20,040 --> 00:51:21,759
Speaker 3: going to notice it. It's just he did this like

1118
00:51:21,960 --> 00:51:25,719
Speaker 3: monitor on the wall and realized anyway, that was great

1119
00:51:25,760 --> 00:51:28,800
Speaker 3: for us we were going to renovate anyway. For me,

1120
00:51:29,080 --> 00:51:32,000
Speaker 3: I was going to be redoing that whole bathroom. So

1121
00:51:32,080 --> 00:51:34,040
Speaker 3: I was like, Okay, well, I can live with that

1122
00:51:34,200 --> 00:51:37,680
Speaker 3: for eighteen months. It's a non issue. But for other

1123
00:51:37,760 --> 00:51:40,480
Speaker 3: people that might be like, I'm sorry, I don't actually

1124
00:51:40,600 --> 00:51:44,040
Speaker 3: have in budget a bathroom renovation, so therefore that might

1125
00:51:44,120 --> 00:51:46,759
Speaker 3: be a no go zone for you. Yeah, I want

1126
00:51:46,800 --> 00:51:48,920
Speaker 3: you to have that opportunity. I want you to have

1127
00:51:49,080 --> 00:51:51,920
Speaker 3: the ability to know what you're kind of up for.

1128
00:51:52,560 --> 00:51:55,240
Speaker 3: Another thing that we looked into, and I've again spoken

1129
00:51:55,239 --> 00:51:57,560
Speaker 3: about this on the podcast. Steve and I were looking

1130
00:51:57,600 --> 00:52:00,680
Speaker 3: at an apartment. We're looking at like this betiful three

1131
00:52:00,760 --> 00:52:04,000
Speaker 3: bedroom apartment, and I was so excited for it. And

1132
00:52:04,080 --> 00:52:07,160
Speaker 3: then we read the minutes of the meeting for their

1133
00:52:07,800 --> 00:52:11,800
Speaker 3: annual general meetings like Body Corporate, and found out that

1134
00:52:11,920 --> 00:52:14,719
Speaker 3: the cladding on the front of the building didn't meet

1135
00:52:14,800 --> 00:52:18,680
Speaker 3: fire coat and that meant that every single resident in

1136
00:52:18,760 --> 00:52:21,280
Speaker 3: this building, and it wasn't like a massive, like fifty

1137
00:52:21,280 --> 00:52:22,960
Speaker 3: apartment block, it was like I think it was like

1138
00:52:23,160 --> 00:52:26,840
Speaker 3: fifteen or something. Every resident would be up for between

1139
00:52:26,960 --> 00:52:29,759
Speaker 3: forty and fifty thousand dollars. Crazy did you have the

1140
00:52:30,000 --> 00:52:33,880
Speaker 3: entire building recladded? According to Body Corporate, it's a no

1141
00:52:34,040 --> 00:52:36,360
Speaker 3: from me. It was a no from us. But like,

1142
00:52:36,719 --> 00:52:39,800
Speaker 3: if you don't have someone inspecting, if you don't have

1143
00:52:39,960 --> 00:52:42,320
Speaker 3: someone who could point these things out, we could have

1144
00:52:42,400 --> 00:52:45,319
Speaker 3: purchased this apartment and then six months down the track

1145
00:52:45,320 --> 00:52:47,200
Speaker 3: got a knock on our door or a letter under

1146
00:52:47,239 --> 00:52:49,320
Speaker 3: the door that said, hey, cool, Body Corporate needs you

1147
00:52:49,400 --> 00:52:53,960
Speaker 3: guys to cough up forty grand. Sorry what Yeah, absolutely not.

1148
00:52:54,840 --> 00:52:57,200
Speaker 3: So I guess every single property it's going to be

1149
00:52:57,239 --> 00:52:59,280
Speaker 3: a little bit quirky. There's going to be some things.

1150
00:52:59,400 --> 00:53:01,600
Speaker 3: But it's better to know that you're buying a home with,

1151
00:53:01,760 --> 00:53:04,399
Speaker 3: you know, a dodgy retaining wall, then find out six

1152
00:53:04,440 --> 00:53:06,360
Speaker 3: months later when it collapses and you didn't see it.

1153
00:53:06,360 --> 00:53:09,120
Speaker 4: Coming, definitely, and you can negotiate down based on those things.

1154
00:53:09,000 --> 00:53:11,759
Speaker 3: Too, exactly. And also this is cheeky, and I've been

1155
00:53:11,800 --> 00:53:13,680
Speaker 3: telling people to do this recently. I think I told

1156
00:53:13,719 --> 00:53:15,480
Speaker 3: you to do this the other day, kind of like

1157
00:53:15,560 --> 00:53:18,359
Speaker 3: a money saving hack. Ask the real estate agent if

1158
00:53:18,360 --> 00:53:21,560
Speaker 3: a building and pest inspection has already been done, because

1159
00:53:21,640 --> 00:53:25,800
Speaker 3: often they will tell you maybe who did it, and

1160
00:53:25,920 --> 00:53:28,279
Speaker 3: then they'll on sell it to you, So instead of

1161
00:53:28,360 --> 00:53:30,560
Speaker 3: spending four hundred dollars, they might go, oh, we actually

1162
00:53:30,760 --> 00:53:34,799
Speaker 3: inspected that property recently. The reports to here under fifty bucks. Yeah,

1163
00:53:35,200 --> 00:53:37,120
Speaker 3: what a coincidence that I happen to want to buy

1164
00:53:37,200 --> 00:53:40,640
Speaker 3: that specific report. Who'd you win? Right, Jess, I'm going

1165
00:53:40,719 --> 00:53:42,839
Speaker 3: to fly through this because I feel like I could

1166
00:53:42,960 --> 00:53:45,719
Speaker 3: yap about this all day. I've got it written down.

1167
00:53:45,880 --> 00:53:49,439
Speaker 3: Tip six is be ready to move in, but don't rush.

1168
00:53:50,280 --> 00:53:52,080
Speaker 3: And I know you're not at this stage yet, but

1169
00:53:52,200 --> 00:53:54,640
Speaker 3: I also know, miss jessic Ricci, the second you get

1170
00:53:54,680 --> 00:53:56,400
Speaker 3: your house, you're gonna want to move in immediately, right

1171
00:53:56,640 --> 00:53:58,640
Speaker 3: like you're going to want to move in before settlement. Yeah,

1172
00:53:58,680 --> 00:54:02,080
Speaker 3: I'm onto you. We're not doing that. So the average

1173
00:54:02,160 --> 00:54:05,000
Speaker 3: days for a property to be on market nowadays is

1174
00:54:05,120 --> 00:54:10,400
Speaker 3: thirty five days nationally. So if you like something, unfortunately,

1175
00:54:10,920 --> 00:54:14,520
Speaker 3: it's not going to be a really long process like fores. Yes,

1176
00:54:14,719 --> 00:54:17,319
Speaker 3: it is, because we're finding things, we're not getting them.

1177
00:54:17,680 --> 00:54:20,640
Speaker 3: If you find something and you've put in an offer,

1178
00:54:21,160 --> 00:54:23,040
Speaker 3: that is usually going to take less than a month

1179
00:54:23,200 --> 00:54:27,040
Speaker 3: from you seeing the property online to you handing over

1180
00:54:27,120 --> 00:54:31,080
Speaker 3: a deposit, which can be really intimidating. But that does

1181
00:54:31,200 --> 00:54:32,840
Speaker 3: not mean that we are panic buying. That does not

1182
00:54:32,960 --> 00:54:34,920
Speaker 3: mean that we're jumping up and down. What we want

1183
00:54:35,000 --> 00:54:36,840
Speaker 3: to do is make sure that we know what our

1184
00:54:36,920 --> 00:54:39,360
Speaker 3: finance is doing. So we want to have our pre

1185
00:54:39,440 --> 00:54:41,839
Speaker 3: approval ready. We want to be in a position where

1186
00:54:41,880 --> 00:54:43,680
Speaker 3: we know what we can spend. And jess you've been

1187
00:54:43,719 --> 00:54:46,680
Speaker 3: doing this through Zella money, so that's obviously my mortgage

1188
00:54:46,719 --> 00:54:50,319
Speaker 3: breaking business. But we're absolutely looking after you. But it's

1189
00:54:50,440 --> 00:54:53,520
Speaker 3: interesting because once you have your pre approval, we have

1190
00:54:53,680 --> 00:54:56,719
Speaker 3: one client. So funny, if you're listening, I do love you.

1191
00:54:56,880 --> 00:54:59,759
Speaker 3: I just think it's quite funny. Who has had con

1192
00:55:00,000 --> 00:55:03,960
Speaker 3: assistant pre approval for the last three years. That's crazy. Yes,

1193
00:55:04,680 --> 00:55:07,879
Speaker 3: they want it, and we have said, hey, we've done

1194
00:55:07,920 --> 00:55:10,959
Speaker 3: your pre approval. Your situation hasn't changed, ip your credit

1195
00:55:11,040 --> 00:55:15,680
Speaker 3: score exactly. So pre approval is really important if you're

1196
00:55:15,719 --> 00:55:18,000
Speaker 3: going to buy, because we can tell you what you

1197
00:55:18,120 --> 00:55:21,000
Speaker 3: can borrow, and we can get the bank to basically say, yep,

1198
00:55:21,080 --> 00:55:24,000
Speaker 3: we would absolutely give miss Jessica Ricci money. And you've

1199
00:55:24,040 --> 00:55:27,120
Speaker 3: been through the pre approval process before. But that pre

1200
00:55:27,239 --> 00:55:30,160
Speaker 3: approval on average, depending on the bank, is only going

1201
00:55:30,200 --> 00:55:33,600
Speaker 3: to last for ninety days. So if you get pre approval,

1202
00:55:33,640 --> 00:55:36,200
Speaker 3: then you don't buy your first home. Very likely your

1203
00:55:36,239 --> 00:55:38,799
Speaker 3: pre approval can lapse, and a lot of people are

1204
00:55:38,840 --> 00:55:40,920
Speaker 3: going to run straight back to their broker and say,

1205
00:55:41,000 --> 00:55:43,120
Speaker 3: oh my god, my pre approval laps. Can you please

1206
00:55:43,160 --> 00:55:45,480
Speaker 3: do it again? We can do it again. That's fine,

1207
00:55:45,520 --> 00:55:47,239
Speaker 3: it's free, Like, I'm not going to charge you for that.

1208
00:55:47,840 --> 00:55:50,680
Speaker 3: But every time you do your pre approval, I am

1209
00:55:50,840 --> 00:55:54,800
Speaker 3: inquiring on your credit score, and every time we inquire

1210
00:55:54,880 --> 00:55:58,279
Speaker 3: on your credit score, it could impact your credit number,

1211
00:55:58,680 --> 00:56:00,719
Speaker 3: and we don't want to do that. So have your

1212
00:56:00,760 --> 00:56:05,000
Speaker 3: pre approval ready, but being consistent communication with your broker

1213
00:56:05,080 --> 00:56:07,799
Speaker 3: around okay, cool, Like I am really ready to buy

1214
00:56:07,920 --> 00:56:12,040
Speaker 3: if there's one that you'll like, super be these properties

1215
00:56:12,080 --> 00:56:14,280
Speaker 3: come up on Monday. Really want to go to auction

1216
00:56:14,480 --> 00:56:18,120
Speaker 3: on Saturday. I'm not saying every single time we can

1217
00:56:18,200 --> 00:56:20,640
Speaker 3: get it done. Yeah, most of the time we can, though,

1218
00:56:21,000 --> 00:56:22,840
Speaker 3: but we want to make sure that we're not just

1219
00:56:23,160 --> 00:56:25,040
Speaker 3: keeping ourp pre approval in the back in case we

1220
00:56:25,120 --> 00:56:27,440
Speaker 3: want to buy, because I don't want it to negatively

1221
00:56:27,520 --> 00:56:30,680
Speaker 3: impact your credit score definitely. The next is knowing your brief,

1222
00:56:30,800 --> 00:56:33,640
Speaker 3: having your checklist and checking it twice, but also knowing

1223
00:56:33,680 --> 00:56:37,680
Speaker 3: your non negotiables versus you're nice to tas. How many

1224
00:56:37,800 --> 00:56:40,160
Speaker 3: times have you seen people go to open for inspections

1225
00:56:40,160 --> 00:56:41,600
Speaker 3: because you're like, Oh, it's in my area and I

1226
00:56:41,640 --> 00:56:44,960
Speaker 3: think I could spend that. Yeah. No, Like, we want

1227
00:56:45,040 --> 00:56:48,719
Speaker 3: to be quite clear on what we're purchasing. Again, it

1228
00:56:48,840 --> 00:56:51,920
Speaker 3: is the biggest financial decision you are very likely to

1229
00:56:52,000 --> 00:56:55,120
Speaker 3: make in your entire life. And we're not skipping steps.

1230
00:56:55,160 --> 00:56:58,000
Speaker 3: I'm so sorry. I want to cut to the chase

1231
00:56:58,040 --> 00:57:00,560
Speaker 3: as well, but we're not skipping in space. We're not

1232
00:57:00,600 --> 00:57:02,920
Speaker 3: skipping our due diligence. We are not skipping our building

1233
00:57:02,960 --> 00:57:06,440
Speaker 3: and pest inspections just because you're tired, just because you're

1234
00:57:06,480 --> 00:57:10,000
Speaker 3: over it and we're a little bit desperate, we can't

1235
00:57:10,000 --> 00:57:14,120
Speaker 3: skip these things. I'm so sorry. So, Jess, any other

1236
00:57:14,200 --> 00:57:15,480
Speaker 3: tips and tricks to leave us with?

1237
00:57:15,920 --> 00:57:15,960
Speaker 6: No.

1238
00:57:16,080 --> 00:57:16,919
Speaker 3: I think that's been great.

1239
00:57:16,960 --> 00:57:18,800
Speaker 5: Like I said, if you haven't already joined the Facebook group,

1240
00:57:19,240 --> 00:57:19,840
Speaker 5: that's where all the.

1241
00:57:20,360 --> 00:57:22,280
Speaker 3: Where we're hanging out, that's where we're yapping the most

1242
00:57:22,320 --> 00:57:25,200
Speaker 3: about property. So I guess that's probably a really good

1243
00:57:25,240 --> 00:57:27,600
Speaker 3: place to leave it. Jess, thanks for hanging out on

1244
00:57:27,680 --> 00:57:30,160
Speaker 3: the show with me today. That has been really fun

1245
00:57:30,720 --> 00:57:33,840
Speaker 3: and sharing literally everything that you have learned. I know

1246
00:57:34,000 --> 00:57:36,520
Speaker 3: so many people are listening to this and they're like, no, Jess,

1247
00:57:36,560 --> 00:57:38,480
Speaker 3: I thought you would have purchased your first property. So like,

1248
00:57:38,680 --> 00:57:40,480
Speaker 3: we're all in your corner and we are all so

1249
00:57:40,760 --> 00:57:43,360
Speaker 3: excited for you. But also there are so many people

1250
00:57:43,440 --> 00:57:45,920
Speaker 3: listening to this and they're like, low key, thank god

1251
00:57:46,000 --> 00:57:48,280
Speaker 3: Jess hasn't brought our first home, because like, neither.

1252
00:57:48,520 --> 00:57:50,840
Speaker 4: And I'm glad it's not just me no, And it's

1253
00:57:50,920 --> 00:57:52,200
Speaker 4: nice to know that we're all in the same boat.

1254
00:57:52,280 --> 00:57:54,480
Speaker 3: And if you've got a friend who's house hunting right now,

1255
00:57:54,760 --> 00:57:56,400
Speaker 3: you know what I think you should do. You should

1256
00:57:56,440 --> 00:57:58,800
Speaker 3: send this episode their way. It might save them a

1257
00:57:58,840 --> 00:58:01,920
Speaker 3: lot of heartache and hopefully a few thousand dollars. And

1258
00:58:02,000 --> 00:58:04,920
Speaker 3: as always, please don't forget to subscribe, leave us a

1259
00:58:05,000 --> 00:58:06,840
Speaker 3: cheeky little review, and we're going to see you on

1260
00:58:06,960 --> 00:58:09,880
Speaker 3: Friday for another juicy episode. Bye guys. Hye.

1261
00:58:16,600 --> 00:58:19,120
Speaker 6: The advice shared on She's on the Money is general

1262
00:58:19,200 --> 00:58:23,040
Speaker 6: in nature and does not consider your individual circumstances. She's

1263
00:58:23,080 --> 00:58:26,520
Speaker 6: on the Money exists purely for educational purposes and should

1264
00:58:26,560 --> 00:58:29,720
Speaker 6: not be relied upon to make an investment or financial decision.

1265
00:58:30,120 --> 00:58:32,560
Speaker 6: If you do choose to buy a financial product, read

1266
00:58:32,600 --> 00:58:36,720
Speaker 6: the PDS, TMD and obtain appropriate financial advice tailored towards

1267
00:58:36,760 --> 00:58:40,040
Speaker 6: your needs. Victoria Divine and She's on the Money are

1268
00:58:40,120 --> 00:58:42,080
Speaker 6: authorized representatives of Money.

1269
00:58:42,120 --> 00:58:46,040
Speaker 3: Sheper Pty Ltd ABN three two one IS six four

1270
00:58:46,160 --> 00:58:49,960
Speaker 3: nine two seven seven zero eight AFSL four five one

1271
00:58:50,200 --> 00:58:51,000
Speaker 3: two eight nine