Part 2 of “The Step-By-Step Process To Win In A HOT Property Market” is HERE…
… and today’s episode is all about two things:
- The SEARCH for the property…
- The DUE-DILLEGENCE around the search and the finance (lending) for that property!
Folks, as we mentioned last week in Part 1 of this 3-part mini-series… we are in a HOT property market – listings are TIGHT.
Properties are selling in the blink of an eye.
And pretty much every major and secondary market across the country is SMOKIN’…
… so if you’re a property buyer playing in “The Big Wave”, it’s vital you educate yourself so you stay in front of the curb (while NOT getting swept up in FOMO) – this way, you can ultimately enjoy the ride and, yep, the fruits of your smart efforts!
We’ll be unpacking quite a bit in this episode, and you’ll be getting plenty of tips on how to conduct your search to find an investment-grade property (incl. what WE personally and professionally do and look for!)… and let you in on “The Top 3 Deal Does” and “Top 3 Deal Breakers” in a HOT property market… as well as how to be due-diligent with your finances, ESPECIALLY in a market that is moving at a rapid pace.
Remember – stay informed, don’t do anything irrational right now… and ONLY IF you’re in a position to “push play”, move quickly but SMARTLY.
… What a ride we’re in!
P.S. – Part 1 was all about the backdrop of how we got to this HOT property market, how to get your PREP work done and figuring out your brief… this ep’s getting into the nitty gritty of the property and lending story!!
Free Stuff Mentioned
- Episode 325 | The Step-By-Step Process To Win In A HOT Property Market – Part 1
- PICA Webinar 2021 – Investment Property Lending with Ross LeQuesne
- PICA – Research & Due Diligence Websites
- Property Research Tools – Select Residential Property
- Australian Bureau of Statistics (ABS) website
- Episode 045 | Why should you conduct a Pre-Purchase Building Inspection and what could go wrong? – Chat with Paul Baker
Here’s What We Cover…
- The difference between On Market, Off Market and Advanced Listings!
- The Investment Property Search Plan 🙂
- How to conduct your asset selection
- The Top 3 Deal Doers!
- The Top 3 Deal Breakers!
- What attributes do you need to look for in an investment property?
- What “feeling” should the property evoke?
- Why SHOULDN’T you be fearful of agents knowing your upper limit (in a hot market)?
- Tips for dealing with real estate agents
- How did we purchase a property when we were the 2nd highest price offer!?!
- What research sites can you use – and what should you look for in each?
- Questions to ask a Property Manager to help you with your search…
- … Watch out for FOMO!
- How to do your Due-Diligence with the property?
- How to do your Due-Diligence with your finance?
- What is happening in the lending space during a HOT property market?
- How can you fast-track your home loan application?
- Settlement mistakes in a HOT market
- Red flags certain properties and when to walk away
- The relationship between % LVR and the type of property to buy
- How many properties are going to auction this weekend!?!