Step by step guide to buying property with Amy & Pete

9 snips

Mar 18, 2025

Discover the essential steps to confidently navigate the property market. Learn why thorough research and creating a detailed property brief are vital before making any offers. Explore the importance of professional advice and due diligence to avoid costly mistakes. Understand the negotiation process, including how to craft standout offers. Plus, gain insights on engaging with agents and effectively conducting inspections. Each step is designed to prepare you for successful property buying in Australia!

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ADVICE

Research and Property Brief Essentials

Do thorough research on the broader and local property markets before making any offers.
Create a realistic and flexible property brief to guide your search and avoid wasting time.

ADVICE

Educate Yourself and Explore Neighborhoods

Educate yourself on state-specific rules, contracts, and inspections to feel empowered.
Familiarize yourself with the neighborhood to make decisive offers and avoid regrets.

ADVICE

Search Actively and Use Agents

Set up search alerts and actively check property listings frequently.
Contact local agents regularly for off-market opportunities to expand your options.

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In this Australian Property Podcast episode Pete Wargent and Amy Lunardi deliver their step by step guide to buying property.

Topics covered today:

This episode covers the step by step process AFTER you’ve gone through the finance process, which we covered a few episodes ago with Owen & Chris, however some of these steps can be done before you get your finance sorted

Research – last week's episode covers this but is an essential step which a lot of people skim over, especially home buyers. Do recommend doing this before you get pre-approval, never too early, but regardless of when you do it the key things you’re ideally wanting to understand are:
What’s happening in the market – broader and locally, why? Prices influence how quickly you have to move on offers, factoring into your appraisal & budget. Supply & scarcity
Research to create your PROPERTY BRIEF: your shopping list / workout plan -> ESSENTIAL STEP to moving forward

Educate yourself
Learning about the fundamentals of property: settlement, conditional offers, building inspections, state specific rules
Attending inspections & auctions, familiarising yourself with properties, meeting agents, starting to understand the lingo
Spending more time exploring the neighbourhoods
Potentially refining/changing your brief
Search phase: once pre-approved and emotionally ready, actively searching
Be proactive with online searches
Off markets & agent communication
Prioritising Saturdays and seeing properties asap
Due diligence: once you’ve found a suitable property / green light
Free and straight away: appraisal, local area check, council call, planning checks, landchecker, body corporate/owners corporation, old photos, agent info/notes, inclusions, speak to broker
Contract review- when and why
Building inspection & any other trade quotes – when and why
Important to still keep searching throughout for backup plans. Sometimes 2 options need to strategise re timing
Making an offer OR bidding at auction
Making an offer: how? Ask agent their process and timeframes. Conditional versus unconditional, price versus terms. Deposit
Auctions and buying prior
Post sale – documentation, finalise loan, final inspection, insurances, utilities

Rask Resources

Pete's Buyers Agency: https://www.allenwargent.com.au

Alcove mortgage broking: https://www.raskmedia.com.au/services/mortgage-broking

Amy Lunardi Buyers Agency (Melbourne) www.amylunardi.com.au

All services: https://bit.ly/R-services

Financial Planning: https://bit.ly/R-plan

Invest with us: https://bit.ly/R-invest

Access Show Notes: https://bit.ly/R-notes

Ask a question: https://bit.ly/R-quest

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

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