EP17 - Top 5 Mistakes First Home Buyers Make (That Cost You More Than You Think)

Join us as we explore the top five mistakes first home buyers make on their property journey. From trusting real estate agents too easily, to the importance of using a mortgage broker, we dive deep into common pitfalls and provide invaluable tips on how to avoid them. We also discuss the hidden costs of home ownership, the risks of buying based on emotion, and the danger of overestimating what you can afford. This is a must-listen for anyone looking to navigate the complex world of first-time property buying.00:00 Introduction00:10 Mistake #1: Trusting the Real Estate Agent08:18 Mistake #2: Buying Based on Emotion, Not Strategy15:43 Mistake #3: Ignoring Hidden Costs of Ownership21:33 The Bunnings Fund: Preparing for Unexpected Home Repairs21:55 Pest and Building Inspections: Identifying Red Flags23:16 Common Home Repair Issues: Bathrooms, Roofs, and Kitchens27:08 Financial Realities: Understanding Mortgage Repayments34:02 The Importance of Using a Mortgage Broker39:27 Toxic Takes: Unfiltered Advice for First Home BuyersConnect with us⁠Imtiyaz Rather⁠ - Principal Mortgage Broker 🤓 -⁠⁠⁠⁠ ⁠Hack Mortgages⁠⁠⁠⁠⁠⁠⁠⁠Skye Taylor⁠ - Director 💅 - ⁠⁠⁠⁠⁠Taylored Property Management⁠⁠⁠⁠⁠⁠⁠⁠Peter Theodorou⁠ - Buyers Agent 🕺 - ⁠⁠⁠⁠⁠Mindset Property⁠⁠