In this episode of the Home Buyers Australia podcast, Jack Corbett and Damien Walker address the topic of gazumping—a funny word for a frustrating and all-too-common experience in the property market. Listen in as Jack and Damien explain what steps buyers can take minimise risks and increase their chances of securing their dream home.

If you're in the market for a new property in Australia, this episode is packed with expert advice to help you navigate the process smoothly and avoid last-minute complications. From acting quickly to performing thorough due diligence, Jack and Damien share the insider info that every smart buyer should know.

In this episode, you’ll hear:
- What gazumping is and how it can derail your property purchase.
- Why a verbal or written offer isn’t binding until contracts are exchanged
- Tips on assembling a “super team” of professionals to support your property purchase.
- How to assess building and pest reports and decide when to invest in your own inspection.
- The role of pre-approvals in strengthening your offer and avoiding delays
- Steps to researching and risk assessing your potential property

TIMESTAMPS:
01:01 What is gazumping?
03:34 The agents’ role and common mistakes
07:53 Why buyers need to act quickly
08:27 A low risk strategy to avoid missing out
12:30 Agents will favour your offer if you’re prepared
15:16 Role of Pre-Approvals
19:10 Reviewing contracts early to identify potential issues
20:04 Can you trust building and pest reports?

ABOUT THE PODCAST:

Are you dreaming of owning your own home? Home Buyers Australia is your ultimate guide to navigating the Australian property market. Join mortgage broker Damien Walker and buyer's agent Jack Corbett as they break down the home buying process into easy-to-understand steps.

Damien Walker, a mortgage broker at Atelier Wealth, specialises in helping Australians navigate the complexities of property finance. With years of experience in the industry, Damien’s insights are invaluable for those looking to build a robust property portfolio.

Jack Corbett, a buyer's agent at Corbett Property Buyers, brings a wealth of knowledge in identifying and securing high-potential properties. Jack's expertise ensures clients make informed decisions that align with their long-term goals.

CONNECT WITH US:

Don’t forget to follow along on:

• Facebook: https://www.facebook.com/homebuyersaustralia
• Instagram: https://www.instagram.com/homebuyersaustralia
• TikTok: https://www.tiktok.com/@homebuyersaus
• YouTube: www.youtube.com/@HomeBuyersAus