Tips for First Home Buyers – Pre Approval

Quick Tip of the Week! This month we will focus on tips for first home buyers.

One of the most important things we can tell purchasers, especially first home buyers, is that it getting your pre approval before you start looking to purchase can give you a better chance at securing a property. Not only will you know how much you can borrow, you will be able to submit an offer knowing that the process for finance has been initiated and be able to be competitive with other purchasers.

With the market as competitive as it is today your offer needs to be attractive to the vendors against any other offers they may receive. If you do not have pre approval you may be overlooked by other purchasers that do have their finances in order.

Getting your pre approval is your first step to buying a property. Keep your eye out for our other tips in the weeks to come!