What Comes First: The Property Or The Loan?

It’s easy to get carried away with the fun part of buying a property, but delaying the less compelling task of arranging finance will weaken your negotiating position on both the property and the loan. Choices regarding location, size, number of rooms, etc often see house hunters carried away in a deluge of daydreams and anticipation.

But, before you get carried away, it’s important to check off the essentials first. Although organising your finances may seem drab in comparison to perusing sales listings, gaining pre-approval with a lender will give you confidence about how much you can afford to borrow.

Arranging finance before finding the perfect property will put you in a good position when it comes time to make an offer. When you do find the house you have always wanted, you can present to the seller and estate agent as a prepared applicant who is serious and reliable.

If you're looking to get ahead of the game, and come out on top of the other applicants, book an appointment with me today, and I'll take you through the best options you can take to secure the property you want.

Posted in: Tips

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