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107 (Part 2) | Contract Reviews, Off The Plan and SMSF Purchases and more – Chat with Nicole Faid, Principal of Accord Conveyancing

We hope you enjoyed the first part of this two-part special guest week episode! In the second instalment of this episode with Nicole Faid; Bryce, Ben and Nicole all go into more detail concerning conveyancing, whilst focusing on some of the following areas:

  • Off the plan contracts: What to expect and be aware of
  • Possibility of getting your deposit back if you decide to pull out of the deal
  • Anecdotes with regards to purchasers and a vendors’ deal
  • Why is it important to get contract reviews and is it too late if the contract has already been signed?
  • A purchaser’s rights when buying a property and what the condition of the property should be like after the deal has been made
  • What is considered as an acceptable amount of compensation if there are faults to be repaired on the property?
  • The difference between joint tenants and tenants in common
  • What is spousal transfer and how it works?

 

And of course, there is so much more they talk about and in a lot more detail. With a lot more laughs, jokes and information for you all; make sure you don’t miss the second part of episode 107 and don’t forget to stay tuned for Bryce’s Life Hack and Ben’s “Did you Know…” segment.

 

If you like this podcast: “Contract Reviews, Off The Plan and SMSF Purchases and more – Chat with Nicole Faid, Principal of Accord Conveyancing”, don’t forget to rate us on our iTunes channel (The Property Couch Podcast) and our Facebook page. If you have any questions or ideas, feel free to drop us your thoughts here: http://tpcaustralia.wpengine.com/topics/

107 (Part 1) | What Is Conveyancing and How Does It Help With The Settlement Process? – Chat with Nicole Faid, Principal of Accord Conveyancing

Due to there being an excess of absolute gold in yet another special guest week episode, we’ve had to split this week’s episode into two! Today joining Bryce and Ben for this hour long episode is Nicole Faid, principal and founder of Accord Conveyancing.  With over 25 years of industry experience, and managing around 15,000 conveyancing transactions during her career so far, the insights and opinion she provides are not to be missed out on.

In this part, Bryce, Ben and Nicole discuss some of the following areas:

  • Her story and how she got into Conveyancing
  • What Conveyancing actually means and what the process is
  • How is the settlement process like and what are the paperwork and due diligence involved
  • What are the common road blocks a conveyancer or solicitor faced at settlement
  • Will there be a unified conveyancing legislation across Australia
  • Questions a client should be asking a Conveyancer
  • Different clauses that property buyers should put into their contracts
  • Some tips to ensure a smooth settlement

 

And so much more! To learn more, make sure to tune in, and remember to listen to the next part as well!

 

If you like this podcast: “What Is Conveyancing and How Does It Help With The Settlement Process? – Chat with Nicole Faid, Principal of Accord Conveyancing”, don’t forget to rate us on our iTunes channel (The Property Couch Podcast) and our Facebook page. If you have any questions or ideas, feel free to drop us your thoughts here: http://tpcaustralia.wpengine.com/topics/

070 | Q&A – Buying a property with another person, security guarantee and rentvesting in Gold Coast

Back to back Questions and Answers episode! We’ve had a great time yesterday on our Facebook Live and hence we thought we should answer some of our other listeners’ questions. This week, Bryce and Ben looks at the questions below. Thanks again for submitting your questions!:

 

  • Question on entering the property market from Glenn: I have 2 daughters in their early 20’s. What advice can you give them on the best way to enter the property market? Thanks
  • Question on buying a property with another person from Stevie: I am interesting in the issues associated with buying property with another person. For example, I currently own two houses (bought years ago) with my brother as investments and I now want to buy another within to live in (as I can’t get a loan with just my salary and want to use the equity in the houses in lieu of deposit). This will then restrict my brother’s borrowing capacity to buy a property to live in if he wants to do so in a year or so, and we are at a bit of a (friendly) stalemate with what to do about it – buy another or not.
  • Question on Buying a property with another person from Michael: Hey guys – just wanted to say I’m loving the podcast. Found it about a week ago, have listened to hours of content in a short amount of time. Such a great resource. Has been good to hear that a lot of my ideas and research is being validated in what you’re saying, but has also given me some other things to think about. I’m about to buy my first property in partnership with my cousin, am making an offer today on a great find that’s too good to pass up. 15km north west of the Melbourne CBD. $150k under median price in the area. Quick sale needed as the vendor needs finance asap. Just wondering, what would be a bad figure in terms of rental yield and annual growth? And then I guess what would be the better figures to see? Thanks again for such a great learning tool.
  • Question on rentvesting from Samuel: I am very open to the idea of Rentvesting, however I am torn between Rentvesting or purchasing a Principle Place of Residence, of which I would live in for 12 months and then be rent out for 6 years (thus avoiding CGT), plus rent out the other room/s whilst living in the property. I would love to hear both your thoughts on this one given the current market conditions and also the Gold Coast Suns performance this year.

 

Some of the resources mentioned in this podcast:

  • Episode 54 | Entry into the property investment market, debt reduction and investing in house and land packages – Listen here
  • Episode 59 | Rentvesting: What is it and who is it for? – Listen here
  • Facebook Q&A Replay Video – Watch here

 

If you like this Q&A episode (Buying a property with another person, security guarantee and rentvesting in Gold Coast), don’t forget to rate us on our iTunes channel (The Property Couch Podcast) and our Facebook page. Any questions or ideas? Feel free to drop us your thoughts here: http://tpcaustralia.wpengine.com/topics/

039 | Post-Purchase Process for Investment Properties

As mentioned before, getting the right strategy and perfecting the art of asset selection is crucial to any property investors. But what happens once the contract is signed? This time on The Property Couch, Bryce Holdaway and Ben Kingsley talks about the post-purchase process when buying an investment property.

Bryce started off the podcast with an analogy. Imagine you on board a plane and it’s about to depart. When a plane takes off, from the moment it leaves the tarmac to the point it levels out at 30,000 feet, that’s when it uses most of its fuel. That’s the same with property investors. They use most of their mental fuel when they are going to buy the property but once the deal is done, most often forget that they still have the rest of the journey to complete.

 

Looking to donate to Ben’s Movember? – Click here

 

Free resources mentioned in this podcast:

Property manager checklist – Download here

 

If you like this episode, don’t forget to rate us at our iTunes channel (The Property Couch Podcast) and our Facebook page. Any questions or ideas? Feel free to drop us your thoughts here: http://tpcaustralia.wpengine.com/topics/

027 | Tips for Buying at Auction in Australia

Not every state in Australia has an auction culture but we are seeing an increasing trend of it. In their everyday role as Buyers Agent and Property Investment Advisor, Bryce Holdaway and Ben Kingsley have seen many buyers who are either too afraid of the auction campaign or unsure of what to do in the process. Well, as Bryce mentioned in this podcast, auction is a necessary evil. It favours the seller and the agent. But ultimately, as a buyer, you shouldn’t be afraid of it. Do your due diligence and embrace it with confidence but never turn down an investment grade property simply because it’s going to auction.

So to help you guys out there who are currently searching for properties or are going for an auction this weekend, here are some tips for buying at auction from the property experts that can help you prepare for what to come.

 

Free Resources mentioned in this podcast:

 

If you like this podcast: “Tips for Buying at Auction in Australia”, don’t forget to rate us at our iTunes channel (The Property Couch Podcast) and our Facebook page. If you have any questions or ideas, feel free to drop us your thoughts here: http://tpcaustralia.wpengine.com/topics/

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