#076 - How to lose a $98,500 deposit by being one day late… ⏳✅

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Tomorrow Defined

Yash Akpinar

81 episodes

5 days ago

Welcome to Tomorrow Defined, the podcast that takes you inside the real world of selling property. Hosted by Yash Akpinar, trusted agent and auctioneer at Jellis Craig, this is your go-to resource for selling with confidence, clarity, and strong results. Drawing from his experience helping families across Melbourne’s inner north, Yash shares expert insights and behind-the-scenes truths to help you make smarter property decisions. Whether you're preparing to sell, wondering how auctions work, or simply want to understand the market better, Tomorrow Defined will give you the edge.

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#076 - How to lose a $98,500 deposit by being one day late… ⏳✅

Tomorrow Defined

3 minutes 18 seconds

4 months ago

#076 - How to lose a $98,500 deposit by being one day late… ⏳✅

Ready to sell or auction your home with confidence? Partner with Yash Akpinar, an expert in Melbourne's property market known for results-driven strategies and exceptional service. Take the first step toward a successful sale today: https://www.jelliscraig.com.au/agents/yash-akpinar

Ever wondered how you could lose a $98,500 deposit just by being one day late? In this episode, I break down a real-life property deal gone wrong where a buyer relied on a verbal promise from a real estate agent, only to have the contract terminated and their full deposit forfeited.

I’ll explain what went wrong legally, what ostensible authority really means, and how both property buyers and sellers can avoid costly mistakes when signing a contract.Whether you’re buying your first home or selling your investment property, this story is a must-hear.

Follow Yash:

Instagram - https://www.instagram.com/yashakpinar/?hl=en

TikTok - https://www.tiktok.com/@yashakpinar

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LinkedIn - https://www.linkedin.com/in/yash-akpinar-663986192/

Timestamps:

00:00:00 – Introduction

00:00:36 – The agent’s “no worries” promise

00:01:14 – What ostensible authority really means

00:01:32 – The danger of trusting verbal agreements

00:02:06 – Verbal vs written: the legal difference

00:02:30 – Real estate contracts are NOT handshake deals

00:02:57 – Final tips to avoid losing your deposit