Ep.166 | Seven Common and Costly Settlement Mistakes when Buying a Property - Chat with Nicole Faid
Summary: Back by popular demand! We heard from today’s guest back on <a href="http://thepropertycouch.com.au/ep107-what-is-conveyancing-nicole-faid/" target="_blank" rel="noopener">Episode 107</a>, and joining us again is none other than <a href="https://www.accordconveyancing.com.au/the-team/" target="_blank" rel="noopener">Nicole Faid</a>, Principal and Founder of <a href="https://www.accordconveyancing.com.au/" target="_blank" rel="noopener">Accord Conveyancing</a>, who has handed out accurate legal advice for over 25 years of industry experience! Just a heads up — we covered her awesome back story in that episode, so if you want to hear it (and it’s well worth the listen), go back and check it out!<br> So — <a href="http://thepropertycouch.com.au/ep107-what-is-conveyancing-nicole-faid/" target="_blank" rel="noopener">Conveyancing</a> — let’s take the mystery out of it, folks! Because a lot of people out there don’t know what happens once the documents have been handed over to a Conveyancer, especially one like Nicole!<br> And we jump straight into it, folks! So get pumped for the 7 common & COSTLY mistakes you really DON’T want to make…<br> (If this episode doesn’t cement the fact that it’s crucial to get a contract review BEFORE you sign, very little will!)<br> <br> So, let’s hear it. What exactly are you in for?<br> <br> * In a nutshell, what does a conveyancer do?<br> * What is the most important document that underpins a contract?<br> * How many people don’t get the amount of land they thought they would when <a href="http://thepropertycouch.com.au/ep-018-what-is-a-buyers-agent/" target="_blank" rel="noopener">purchasing a property?</a><br> * What happens if the discrepancy of this land is less than 5%?<br> * What <a href="http://thepropertycouch.com.au/episode-064-case-study-mid-30s/" target="_blank" rel="noopener">REAL LIFE EXAMPLE</a> happened in Brunswick? (And how much did this mistake cost the buyer?!)<br> * Why shouldn’t you rely on your own interpretation of “wear and tear”?<br> * Are “back to back settlements” a bad idea?<br> * What happens with the conveyancing rules if you’re <a href="http://thepropertycouch.com.au/should-you-be-a-borderless-investor/" target="_blank" rel="noopener">a borderless investor</a>?<br> * What is a “caveat”?<br> * If you’re <a href="http://thepropertycouch.com.au/ep-25-lvr-cgt-smsf-property-cross-collaterisation/" target="_blank" rel="noopener">purchasing through a SMSF</a>, what title requirements do you need to be aware of?<br> * What can happen in the settlement period that will seriously shock you?<br> * Why is it important to distinguish between major and minor issues with <a href="http://thepropertycouch.com.au/ep107-what-is-conveyancing-nicole-faid/">the settlement process</a>?<br> * <a href="http://thepropertycouch.com.au/when-to-conduct-building-and-pest-inspection/" target="_blank" rel="noopener">When should you conduct a Building and Pest Inspection?</a><br> * How does the art of negotiation fit into all this?<br> * What is <a href="http://thepropertycouch.com.au/ep-006-four-pillars-of-mastery-defence/" target="_blank" rel="noopener">the best risk management</a>?<br> * What do you need to keep in mind with the final inspection?<br> * What is the legal requirement about having a granny flat?!<br> <br> … Yep, it’s a hairy and very serious episode folks, because the mistakes we talk about in this episode can be VERY EXPENSIVE!!<br> <br> TODAY’S TEASER:<br> <a href="http://thepropertycouch.com.au/wp-content/uploads/2018/04/Ep-166-Infographic-TEASER.png"></a><br> P.S Missed <a href="https://www.facebook.com/ThePropertyCouch/videos/2007506802800317/" target="_blank" rel="noopener">yesterday’s Facebook Live</a>?<br> We answered a couple of questions on your lunchbreak (in 15 minutes)!<br> <a href="https://www.facebook.com/ThePropertyCouch/videos/2007506802800317/" target="_blank" rel="noopener">...</a>
