Buying New? Here's What Every First Home Buyer Should Know

**Are you thinking about buying a brand-new property? It can seem like a straightforward process, but there's a lot more to buying new than choosing a floorplan, selecting your finishes, and waiting for the keys.** Before you sign a contract, it's important to understand the different pathways to buying new—and the contracts, finance considerations, and risks that come with each one. In this episode, Veronica and Meighan unpack the differences between a new build vs established home, explain why buying new follows a different set of rules, and walk through the questions every first home buyer should ask before signing a contract. From choosing the right location and researching developers to understanding finance timelines, valuations, contracts, and pre-settlement inspections, you'll learn how to approach the process with confidence instead of relying on marketing alone. Whether you're considering buying a brand new home, buying off the plan, or buying from a developer, this episode will help you understand what really matters before you sign a contract. You'll learn how to avoid common mistakes, ask the right questions, and why taking the time to make an informed decision could save you thousands. ## Episode Highlights 01:22 - Why Buying New Is a Different Process 02:09 - The Three Ways to Buy Brand New 02:58 - Why Property Fundamentals Still Matter 05:49 - Supply, Demand and Future Resale 07:47 - Buying Off the Plan: Do Your Due Diligence 10:03 - Finance, Pre-Approval and Settlement Risks 12:49 - Contracts, Variations and Legal Advice 16:16 - The Hidden Costs of Buying New 19:36 - Construction Delays and Managing the Wait 22:52 - Pre-Settlement Inspections and Defects 24:55 - Questions to Ask Before You Sign 27:31 - Final Tips for Buying Brand New ## Course Details: - **THE First Home Buyer Course is our Step-By-Step, No BS Guide to Every Stage of The Home Buying Process –** It’s the next best thing to having your own buyer’s agent. With our expert guidance, you’ll know what to do at every step along the way. Become a home owner faster and easier. Click here: https://homebuyeracademy.com.au/YFHBG If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey! - Subscribe on YouTube: https://www.youtube.com/@TheFirstHomeBuyerCourse - Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825 - Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f