Great News
You Are
Pre- Approved
Step by Step Guide to What Happens Now
This is a great first step for your buying journey. You are now approved for your home loan and can make an offer on your dream home or investment.
Steps to Secure Your Purchase
01.
Find your Home
Thanks to your pre-approval, you know exactly what your borrowing power is..
Now it is time to go on the hunt for the right proeprty for you.
Need a contact?
We have access to Buyers agents and real estate agents nation wide, make contact with your broker and ask for some introductions.
02.
Found Something You Like?
First thing’s first, ask the real estate agent for a Contract of Sale, the documents holding info that may affect the value of the property and the conditions in which you would be purchasing.
Make contact with us and tell us about the property you are serious about. Any question you have along the way, we are here and ready to answer?
Need a conveyancer?
We have contacts nationwide who are aligned with our brand and get things done attitude.
03.
Offer time
You have found the properrty and your are prepared and ready to make an offer
There are two common ways to make an offer:
Private sale: This is when a property is listed for sale (usually through a real estate agent) with an asking price.
There could be some back and forth here to negotiate on the final price, so always leave some room for movement.
Auction: An auction is held at a set date and time, with the property being sold, once the vendors minimum is reached and the highest bid will ensure the purchase.
04.
Unconditional Approval
This is the final part of the approval process.
Your lender will check the contract and make sure all outstanding items have been satisfied and confirm you are without condition, or formally approved!
A valuation will be ordered
This stage is when your lender checks over the contracts .
The bank will also order a valuation, to make sure they’re comfortable with the value of the property which is used as security for the loan amount
Any changes to suit the exact amount you need, right down to finalising your loan. Will also occur at this time.