Episode 20: Buying Well In Our HOT Market

If you want to buy well in this hot Perth market you need to be the most prepared and ready buyer in the area that knows what to pay extra for and what to walk away from.  

Even in a hot market, mistakes can be made and money can be lost… Sometimes those mistakes may not even show up until later when it's too late. 

I’m here to share with you my own tips for buying in a hot market. Having been investing in property for 15-16 years and an agent for 13 years, I’ve got inside knowledge of the entire buying process and how to set yourself up for success. I cover off setting a budget, how to value a property, using agents to your advantage, tips for searching, what red flags to avoid, negotiation tips, and example contract conditions.

Get ready because this episode is really going to help you buy well in any market, tune in now!

Episode Highlights:

The Perth market is hot, but you need to do things right [01:04]
First thing is to set a budget [02:22]
Don’t go shopping until you have a plan [05:27]

What metrics should you look at? [06:27]

Common mistakes when making sales comparisons [13:01]
Look also at auto valuations [16:52]
Get an independent view on things [20:10]
Tips for searching for the right property to buy [24:01]
You’ve finally found one, so what’s next? [30:45]

Red flags to be aware of during inspection [31:47]

Negotiation tips you must do [34:02]
Put in your own conditions in the contract [39:41]

Resource Links:

Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join)
For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/)
For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/)
Get Jarrad’s strategic advice towards your property purchase and development plans (https://www.investorsedge.com.au/invest-in-perth-property/ )

RealEstate.com.au (https://www.realestate.com.au/)

About Our Host:

Jarrad Mahon is the go-to guy in property management and investment in Perth, giving you his insider view on the Perth market and the strategies needed for you to grow your wealth and improve your life. All you need to do is to stay tuned!

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