Buying a home can get tricky and expensive, especially when you have to pay a bunch of money for inspections before sealing the deal. Some even end up skipping these checks because the bills add up fast, especially if they keep losing out on bidding wars. In this episode, we're digging into two options: seller-paid inspection reports or splitting the cost among potential buyers.

But here's the big question: Can you really trust the reports if the seller is the one paying for them? Are there hidden issues, or is everything on the up-and-up? To guide us in exploring these questions, we sit down with Rhys Rogers, the co-founder and CEO of Before You Bid, a groundbreaking property technology firm at the forefront of transforming the pre-purchase inspection landscape.

In a world where technology is shaking things up, prop-tech companies are jumping in to make life easier for homebuyers. One such solution is the advent of marketplaces for pre-purchase inspections. Can these platforms offer a more accessible and affordable option for buyers? Join us as we break down the nitty-gritty of relying on seller-paid reports, exploring the good stuff, the challenges, and how technology is shaping the way we buy homes.

Episode Highlights:

00:00 - Introduction

01:24 - Who is Rhys Rogers?

02:11 - What sparked Rhys’s idea for a property-related service or product?

04:36 - Discussing the pros and cons of the concept of a shared economy

06:13 - Challenges in ensuring consistency and reliability among inspectors in the marketplace

09:38 - How do vendors decide whether to make inspection reports public on the platform?

12:45 - What’s the process of selecting building and pest inspectors for bank valuations?

18:20 - Managing conflicts of interest between building inspectors and real estate agents

22:08 - Suggestions for improving the seller-paid inspection system to avoid bias

27:15 - What ensures inspectors' accountability for rule violations or inaccurate reports?

30:10 - What are the Australian standards for a building and pest inspection?

32:52 - Current regulations and standards for strata record-keeping across Australian states

37:16 - Rhys's potential expansion into a real estate marketplace

38:33 - How can buyers leverage building and pest report data for property evaluation?

41:20 - Rhys Rogers’ property dumbo

47:46 - How prevalent is the practice of getting a second inspection to verify initial findings

53:18 - Veronica’s advice for buyers when it comes to relying on seller-paid reports

About Our Guest:

Rhys Rogers is the co-founder and CEO of property technology Before You Bid. Rhys started out his professional career as an insolvency accountant, before delving into creating a start up in the property space. Since launching 8 years ago, Before You Bid has grown to be the largest marketplace for building and pest and strata inspectors. The platform now helps over 100,000 people buy and sell property every year and aims to be the Home of Property Compliance and Due Diligence.

Connect with Rhys Rogers:
Connect with Rhys on LinkedIn: https://www.linkedin.com/in/rhys-rogers-b7772038
Visit their website: https://www.beforeyoubid.com.au/

Resources:
Visit our website https://www.theelephantintheroom.com.au
If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast questions@theelephantintheroom.com.au
Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
Work with Veronica: https://www.veronicamorgan.com.au
Looking for a Mortgage Broker? https://www.blusk.au
Work with Chris: hello@blusk.au

Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!
Subscribe on YouTube: https://www.youtube.com/@theelephantintheroom-podcast
Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719
Subscribe on Spotify: https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765

Buying a home can get tricky and expensive, especially when you have to pay a bunch of money for inspections before sealing the deal. Some even end up skipping these checks because the bills add up fast, especially if they keep losing out on bidding wars. In this episode, we're digging into two options: seller-paid inspection reports or splitting the cost among potential buyers.
But here's the big question: Can you really trust the reports if the seller is the one paying for them? Are there hidden issues, or is everything on the up-and-up? To guide us in exploring these questions, we sit down with Rhys Rogers, the co-founder and CEO of Before You Bid, a groundbreaking property technology firm at the forefront of transforming the pre-purchase inspection landscape.
In a world where technology is shaking things up, prop-tech companies are jumping in to make life easier for homebuyers. One such solution is the advent of marketplaces for pre-purchase inspections. Can these platforms offer a more accessible and affordable option for buyers? Join us as we break down the nitty-gritty of relying on seller-paid reports, exploring the good stuff, the challenges, and how technology is shaping the way we buy homes.
Episode Highlights:
00:00 - Introduction
01:24 - Who is Rhys Rogers?
02:11 - What sparked Rhys’s idea for a property-related service or product?
04:36 - Discussing the pros and cons of the concept of a shared economy
06:13 - Challenges in ensuring consistency and reliability among inspectors in the marketplace
09:38 - How do vendors decide whether to make inspection reports public on the platform?
12:45 - What’s the process of selecting building and pest inspectors for bank valuations?
18:20 - Managing conflicts of interest between building inspectors and real estate agents
22:08 - Suggestions for improving the seller-paid inspection system to avoid bias
27:15 - What ensures inspectors' accountability for rule violations or inaccurate reports?
30:10 - What are the Australian standards for a building and pest inspection?
32:52 - Current regulations and standards for strata record-keeping across Australian states
37:16 - Rhys's potential expansion into a real estate marketplace
38:33 - How can buyers leverage building and pest report data for property evaluation?
41:20 - Rhys Rogers’ property dumbo
47:46 - How prevalent is the practice of getting a second inspection to verify initial findings
53:18 - Veronica’s advice for buyers when it comes to relying on seller-paid reports
About Our Guest:
Rhys Rogers is the co-founder and CEO of property technology Before You Bid. Rhys started out his professional career as an insolvency accountant, before delving into creating a start up in the property space. Since launching 8 years ago, Before You Bid has grown to be the largest marketplace for building and pest and strata inspectors. The platform now helps over 100,000 people buy and sell property every year and aims to be the Home of Property Compliance and Due Diligence.
Connect with Rhys Rogers:
<ul>
<li aria-level="1">Connect with Rhys on LinkedIn: <a href="https://www.linkedin.com/in/rhys-rogers-b7772038">https://www.linkedin.com/in/rhys-rogers-b7772038</a></li>
<li aria-level="1">Visit their website: <a href="https://www.beforeyoubid.com.au/">https://www.beforeyoubid.com.au/</a></li>
</ul>
Resources:
<ul>
<li aria-level="1">Visit our website <a href="https://www.theelephantintheroom.com.au">https://www.theelephantintheroom.com.au</a></li>
<li aria-level="1">If you have any questions or would like to be featured on our show, contact us at: The Elephant in the Room Property Podcast <a href="mailto:questions@theelephantintheroom.com.au">questions@theelephantintheroom.com.au</a></li>
<li aria-level="1">Looking for a Sydney Buyers Agent? <a href="http://www.gooddeeds.com.au/">https://www.gooddeeds.com.au</a></li>
<li aria-level="1">Work with Veronica: <a href="http://www.veronicamorgan.com.au">https://www.veronicamorgan.com.au</a></li>
<li aria-level="1">Looking for a Mortgage Broker? <a href="http://www.blusk.au">https://www.blusk.au</a></li>
<li aria-level="1">Work with Chris: <a href="mailto:hello@blusk.au">hello@blusk.au</a></li>
</ul>
Enjoyed the podcast? Don't miss out on what's yet to come! Hit that subscription button, spread the word and join us for more insightful discussions in real estate. Your journey starts now!
<ul>
<li aria-level="1">Subscribe on YouTube: <a href="https://www.youtube.com/@theelephantintheroom-podcast">https://www.youtube.com/@theelephantintheroom-podcast</a></li>
<li aria-level="1">Subscribe on Apple Podcasts: <a href="https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719">https://podcasts.apple.com/ph/podcast/the-elephant-in-the-room-property-podcast/id1384822719</a></li>
<li aria-level="1">Subscribe on Spotify: <a href="https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765">https://open.spotify.com/show/3Ge1626dgnmK0RyKPcXjP0?si=26cde394fa854765</a></li>
</ul>

Who's really in control when you buy a property?

The Elephant In The Room is where the things that no one wants to talk about, actually get talked about.  

Veronica Morgan, real estate agent, buyers agent and co-host of Foxtel’s Location Location Location Australia & Chris Bates, financial planner, mortgage broker and wealth coach have joined forces to find out what’s really going on in the world of real estate.

Veronica and Chris talk to property owners and buyers every day in their respective lines of business. They’ve observed a wide spectrum of confidence in people’s decision making ability when buying and selling property, often to the detriment of the individuals concerned. They are both fascinated by consumer behaviour and together they’re going to uncover who’s really making the decisions when you buy a property.

In each episode they get into the psyche of buyers, agents, auctioneers and other industry experts to learn the truth about how buyers are influenced and why they do the things they do. In every episode you’ll learn from the mistakes of a “property dumbo” as well as Chris & Veronica’s “elephant rider bootcamp” training session.

The plan? This property podcast has been created to help us all make better property decisions!

We talk about the things no one wants to talk about in the Property Market

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