Pizza and Property Weekly Slice 258: 308 DAYS ON MARKET WTF IS WRONG? - with Simon Loo & Todd Sloan
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Nov 4, 2025 Simon Loo, the founder of Housefinder and a seasoned property investor, joins Todd Sloan to dissect a Perth home that lingered on the market for 308 days. They uncover key issues like poor presentation, structural defects, and unrealistic pricing strategies that deter buyers. Simon shares insights on due diligence in WA, highlighting the importance of market evaluation and cashflow calculations. Their verdict? The property isn’t worth the listed price but could be a steal with strategic repairs. A must-listen for aspiring investors!
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Presentation Directly Impacts Sale Price
- Do present properties well; poor photos and clutter materially reduce buyer interest.
- Simple fixes like decluttering, opening blinds and better photos can add tens of thousands in value.
Structural Defects Change Who Bears Risk
- Visible structural issues (eg. props holding up ceilings, water stains) create real negotiation and inspection hurdles.
- In WA those defects trigger seller remedies rather than an automatic buyer walk-away, shifting risk to buyers.
Use A Short Due Diligence Window
- Do include a short due diligence condition when buying in WA to inspect the property before committing.
- Use five business days (or negotiate more) to do a quick visual and building check and decide whether to proceed.