Stamp duty gets the blame for being the biggest cost of buying a home. Fair enough, it is a brutal number. This episode argues there is a bigger one, and it never shows up on an invoice: getting your team wrong. Or, more often, buying with no team at all. Host Gianni Musumeci (Leverage Property Advisers) puts the question to a panel that is, conveniently, the team in question: a conveyancer, a buyer's agent, a financial planner and an accountant. Each of them walks through what goes wrong when their chair is empty, from the signature nobody can undo to the pool the title had already vetoed. In this episode The decision a conveyancer can't fix later: signing a contract nobody has read, and why contracts are never "standard"Make the offer, sign nothing, then send the contract: the order that works, and why auction is differentWhy cooling off is a safety net, not a planMomentum: what a buyer's agent changes about the pace of a search, and the two costs of waitingWhy tired buyers overpay after months of missing out"Should you" before "can you": schooling, lifestyle, a second child, aged care and the scenarios nobody modelsBuying a home versus buying an investment, and why emotion stays out of the second oneWhy the accountant won't act until the rest of the team has looked at the dealDue diligence for the life you'll have: schools, transport, zoning, the planning certificate, council and strata by-lawsOn the panel Daniella Muzitano, Executive Director and Co-Founder, TitlespaceMark Horvat, principal buyer's agent, The AcquiryAndrew Chan, Certified Financial Planner, Phoenix Private Wealth ManagementGeorge Koletti, Principal accountant, Access ProfessionalsHosted by Gianni Musumeci, Leverage Property AdvisersChapters 0:00 Welcome, the panel and the general advice disclaimer0:33 Today's question: the mistake that costs more than stamp duty0:58 The decision a conveyancer can't fix later: signing the contract1:40 Cooling off is not free: what withdrawing costs1:51 Preparing for auction: get the contract reviewed before you bid2:17 You can negotiate the contract, at auction and by private treaty2:58 With or without a buyer's agent: the difference in pace4:12 The financial cost of delay in a rising market4:35 The emotional cost: missed Saturdays, family events, the endless scroll5:36 Why tired buyers overpay6:58 "Should you" comes before "can you"8:40 The scenarios nobody modelled9:33 Owner-occupied versus investment: a different conversation12:00 The accountant's view: tax, ownership and cash flow13:20 "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 years15:47 Renovating, adding a level and what it really costs17:21 Easements, pools and multigenerational living: the legal checks18:38 Wrap-up: don't enter a property lightly Read the episode summary, the full transcript and the FAQs: titlespace.com.au/blog/podcast/getting-your-team-wrong-napp-s02e03 Watch on YouTube: youtu.be/f8kYXx51fhE General information only, not financial, legal or tax advice. The views are the guests' own and were given at the time of recording. Every property transaction is different, so get advice specific to your circumstances before you commit to anything.
