Perth Property Insider Ep. 20: Buying Well In Our HOT Market

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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:

  1. The Perth market is hot, but you need to do things right [01:04]
  2. First thing is to set a budget [02:22]
  3. Don’t go shopping until you have a plan [05:27]
    • What metrics should you look at? [06:27]
  4. Common mistakes when making sales comparisons [13:01]
  5. Look also at auto valuations [16:52]
  6. Get an independent view on things [20:10]
  7. Tips for searching for the right property to buy [24:01]
  8. You’ve finally found one, so what’s next? [30:45]
    • Red flags to be aware of during inspection [31:47]
  9. Negotiation tips you must do [34:02]
  10. Put in your own conditions in the contract [39:41]

 

About Our Host:

Managing Director and Licensee at Investor’s Edge Real Estate for more than 12 years, Jarrad Mahon is a household name in the real estate industry. Having received 16 awards over the last six years, he is your go-to guy in property management and investment strategies. He has been featured in multiple media outlets and is continuing to make great strides in the world of real estate investing.

 

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

 

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