GETTING YOUR TEAM WRONG: THE MISTAKE THAT COSTS MORE THAN STAMP DUTY | NAPP S2 Ep3

Stamp duty gets the blame for being the biggest cost of buying a home. The panel says there is a bigger one, and it never shows up on an invoice: getting your team wrong, or buying with no team at all. This episode is your clear, no-nonsense guide to who you need around you when you buy property in Australia, when each of them does their job, and the one decision a conveyancer cannot undo. #PropertyTeam #Conveyancing #PropertyPodcast In this episode of Not Another Property Podcast, Australia's raw and unfiltered take on real estate, a conveyancer, a buyer's agent, a financial planner and an accountant walk through the mistakes buyers make before anyone has read the contract, why a slow search costs more than the fee you were trying to save, why "should you" comes before "can you", and the checks that matter when the plan involves a pool, a granny flat or the in-laws. COMMON QUESTIONS THIS EPISODE ANSWERS • Who should be on your team when you buy a property? • Can you negotiate a contract of sale before you sign it, even at auction? • Is a buyer's agent worth it, and what does one actually change? • What does waiting six months in a rising market really cost? • Should you buy, or just can you? How a planner and an accountant see the same purchase • What should you check if you plan to renovate, add a pool or build a granny flat? WE'LL DIG INTO • The decision nobody can fix later: signing a contract that has not been reviewed, and why contracts are never "standard" • Easements, covenants and special conditions: how the title can quietly cancel the pool • Make the offer, sign nothing, then send the contract: the order that works, and why auction is different • Momentum: what a buyer's agent changes about the pace of a search, and the two costs of delay • Why buyers who have missed out for months end up overpaying on the next one • "Should you" before "can you": schooling, lifestyle, a second child, aged care and the scenarios families forget to model • Buying a home versus buying an investment, and why emotion stays out of the second one • Why the accountant will not act until the rest of the team has looked at the deal • Due diligence for the life you will have: schools, transport, zoning, the planning certificate, council and strata by-laws FEATURING Gianni Musumeci - Leverage Property Advisers Daniella Muzitano - Titlespace Conveyancing Mark Horvat - The Acquiry Andrew Chan - Phoenix Private Wealth Management George Koletti - Access Professionals Hosted by Gianni Musumeci - Leverage Property Advisers WHAT WE DISCUSS 0:00 - Welcome, the panel and the general advice disclaimer 0:33 - Today's question: the mistake that costs more than stamp duty 0:58 - The decision a conveyancer cannot fix later: signing the contract 1:10 - Contracts are never standard: special conditions, easements, covenants 1:40 - Cooling off is not free: what withdrawing costs 1:51 - Preparing for auction: get the contract reviewed before you bid 2:17 - You can negotiate the contract, at auction and by private treaty 2:28 - Send the contract in before it is signed, even with cooling off 2:58 - With or without a buyer's agent: the difference in pace 3:13 - Momentum, setbacks and keeping a search moving 4:12 - The financial cost of delay in a market moving 1 to 2 per cent a month 4:35 - The emotional cost: missed Saturdays, family events, the endless scroll 5:13 - Three to six months in: "whatever comes, I'll just pay it" 5:36 - Why tired buyers overpay 6:58 - "Should you" comes before "can you" 7:37 - Gearing up too far: lifestyle, schooling and aged care 7:54 - The team's job when a buyer has fallen in love with a property 8:40 - Holiday-area purchases, a second child and the scenarios nobody modelled 9:33 - Owner-occupied versus investment: a different conversation 9:58 - Cash flow, holding a home comfortably, time in the market 10:34 - Investment property: tenants, crises, compounding risks, no emotion 12:00 - The accountant's view: tax, ownership and cash flow mistakes 13:20 - "I will do nothing for a client unless the team has considered it" 14:04 - The due diligence buyers forget: life in five and 15 years 15:47 - Renovating, adding a level and what it really costs 17:21 - Encumbrances, pools and multigenerational living: the legal checks 17:49 - Title, planning certificate, council and strata by-laws 18:38 - Wrap-up: do not enter a property lightly Read the full episode summary, transcript and FAQs: https://titlespace.com.au/blog/podcas... General information only, not financial, legal or tax advice. Every property transaction is different: get advice specific to your circumstances before you commit to anything.