On this episode of The Australian Property Podcast, Buyer’s advocate Amy Lunardi and Rask founder, Owen Rask are discussing how to develop a property brief. They will talk you through what exactly is a property brief, where it should sit within the buying process, and how this differs from your strategy.
So, what is a property brief? A condensed idea (ideally written down) on exactly what you are willing to purchase, this includes budget, location & characteristics of the property. Amy and Owen are going to double-click on how to develop your property brief so that you can implement this in your own property journey.
On this episode:
- What is a brief?
- Brief vs strategy
- Why do you need one?
- Home vs investment brief
- Breaking down each of the elements:
- Budget
- Locations
- Non-negotiables & bonuses
- Doing a reality check
- Mistakes Amy often sees made (not doing it at all, not doing it thoroughly enough, maybe locations, bonuses vs non-negotiables, not being on the same page, not doing the reality check, saying “would consider if was…”)
- Tradeoffs and compromises
- Communicating your brief to agents
- Changing the brief over time
