Why Most Property Buyers Overpay—And How to Avoid It?

If you’ve ever walked away from a deal thinking you snagged a bargain, only to wonder later if you overpaid, this episode is for you.

Today, I’m breaking down why most buyers pay too much and what you can do to avoid it. As someone who's been on both sides of the deal, I’ve seen exactly where buyers slip up.

The biggest culprits? Emotional buying, poor negotiation, and not knowing your market. I’ll show you how to spot these traps early, read between the lines, and understand what a property is worth, beyond the asking price.

If you're serious about buying smart and staying ahead of the competition, this episode will give you a real edge. I’m pulling back the curtain and walking you through it step by step—let’s go inside.

 

 

 

Resource Links:

• Get your Strategic Portfolio Plan and our help with Buying Your Next Perth Property  (https://www.investorsedge.com.au/invest-in-perth-property/)
• Get email updates about suburb intelligence reports and exclusive invites to our webinars, events, and workshops. Join (investorsedge.com.au/join)
• Join the Perth Property Investment Facebook Group (https://www.facebook.com/groups/perthpropertyinvestors)
• Join Jarrad Mahon’s Property Investor Update (https://www.investorsedge.com.au/join)
• For more info on our award-winning and highly rated Property Management services that give you guaranteed peace of mind (https://www.investorsedge.com.au/perth-property-management-specialists/)
• For more info on how our Property Sales services can ensure you get the best selling price while handling all the stress for you (https://www.investorsedge.com.au/selling-your-perth-property/)

 

 

 

Episode Highlights:

1. Intro [00:00]
2. Pricing Properties and Emotional Buying [00:39]
3. Reasons for Overpaying and Emotional Buying [01:18]
4. Market Value vs. Asking Price [02:44]
5. Lack of Local Market Knowledge [06:21]
6. Poor Negotiation Tactics and Agent Pressure [09:23]
7. Strategies to Buy Smart [11:06]
8. Importance of Comparable Sales and Property Features [15:57]
9. Off-Market Deals and Buyer's Agents [20:58]

 

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

 

 

 

Connect with Perth Property Insider:

• Subscribe on YouTube:  https://www.youtube.com/@InvestorsedgeAu
• Like us on Facebook: https://www.facebook.com/investorsedge

See omnystudio.com/listener for privacy information.