With the increasing popularity of property auctions across the nation, it's becoming more common for vendors to sell their Belconnen real estate through this method. Therefore, it's beneficial for first home buyers in the Canberra region to be comfortable with the process and fully prepare themselves for success.
Given the immensely competitive nature of auctions, there is a degree of urgency that follows the conclusion of the proceeding. Often, the vendor and agents will be keen to get all the paperwork signed and funds ready as soon as the auction finishes.
Having your finances prepared prior to this is an important aspect to take care of, which is where a home loan pre approval can be of use.
With a home loan pre approval, your lender has already given you the green light for your mortgage. This means you can act as soon as necessary to secure property without worrying about whether or not your funds are available.
Furthermore, pre approvals are valid for up to three months, giving you enough time to search the Belconnen real estate market and find the perfect home for you and your family without having to worry about your prospective finances expiring.