Buyer Beware: First Home Becomes Costly Nightmare
Today, we\u2019re breaking down a 2021 article with this heartbreaking headline: \u201cSydney building \u2018nightmare\u2019 set to cost first home buyer her life savings\u201d\xa0
What went wrong?\xa0
We\u2019re running through what happened, what the developer and builder did, and ultimately, how it could have been avoided.\xa0
If you enjoy the show, do like, rate, subscribe, and share it with others! We have loads of resources available and if you\u2019d like to chat, email us at support@homebuyeracademy.com.au!
We\u2019ll see you on the inside!\xa0
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Episode Highlights:\xa0
- Horrific findings from the pre-settlement inspection [03:37]\xa0
- Plumbing works signed off by electricians, and other dodgy stuff [08:34]
- Discovering altered documents and developer denials [12:12]
- The problem with off plan purchases [16:48]
- Why buyers should do extensive research on the developer [20:21]
- The Mascot towers fiasco [24:35]\xa0
- Risk management and hiring an expert [26:04]
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Links from the Show:\xa0
- Ep 60: Should First Home Buyers Buy Off the Plan?
- Ep 81: Climate Change & Property Insurance
- Ep 56: Proper Due Diligence for Buying Strata Properties
- Elephant in the Room Ep 176: Developers are in the Government\u2019s crosshairs
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