It’s tempting to want to help first home buyers when they ask property related questions, but you could be putting yourself at risk.
First home buyers make up around a quarter of the home lending market in Australia. They are keen to learn so that they don’t make catastrophic mistakes. But they often do not know where to turn.
They are the most susceptible to making rookie errors but the least able to afford to engage a Buyer’s Agent to guide them through the home buying process.
There is an overload of ‘free’ information online but most of it has an agenda or something to sell. First home buyer’s don’t know what they don’t know, and they really don’t know where to go to find the right advice. They tend to ask Mum and Dad for help but in most cases, it’s been years since they bought their own home so they aren’t up to date with their well-meaning advice.
Typically, the next person first home buyers will turn to is you. Where should I buy? What should I buy? How much should I pay? As their trusted mortgage advisor, you want to help but you know that if you answer these questions could put yourself at great risk.
There is a solution that helps you, and your client. Home Buyer Academy have created the definitive online course for First Home Buyers- Your First Home Buyer Guide. This step-by-step process guides them through all 10 phases in the home buying journey in the right order - with no BS and no agenda except to educate First Home Buyers so they can get that first home without making a mistake.
As their trusted advisor, this is how you can really help them learn how to make good property decisions without putting yourself at risk of providing advice outside your area of expertise.
We liken the first home buyer journey to climbing a mountain. You have to have a plan, get the right people around you, have a map to keep you on the right path and be aware of the dangers ahead so you don’t make rookie mistakes. And you as their finance broker are a big part of that trusted team.
Learn more about how you can partner with Home Buyer Academy to help educate your first home buyers on how to buy the right property so they can move onto their second third and fourth purchase more quickly.
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