Pre
Approvals
The Power of
Pre-Approvals: How to Dramatically Increase Your
Negotiating Power and Save $Thousands When You Purchase
a Home
The secret to successful real estate investing (your
owner occupied property is an investment) is to purchase
below market value. Many people think that they can buy
at market value and sell above market value. Wrong! You
need to buy wholesale and sell retail!
There are many strategies to negotiating a lower
price with a vendor. One of the most powerful is to have
your finance pre-approved. A vendor is far more likely
to accept a lower offer from a buyer with their finance
already approved than from someone who hasn't already
applied for finance, especially if that seller has
already had a couple of contracts fall over due to
failed finance. Of course, cash is king, but
pre-approvals are the next best thing.
Advantages of
Pre-Approvals
- Free of charge.
- You are not obliged to accept the finance.
- Finance is subject only to the valuation of the
property being purchased.
- Valid for around 3 months (easily extended)
- Enables you to negotiate a much lower price than
someone without finance approval.
- Enables you to go shopping for a home with
confidence.
- Final unconditional finance approval is much
faster as the only thing that needs to be done is to
value your property.
- Allows you to swoop quickly if you come across a
bargain.
How to Get a
Pre-Approval
This is simple. Just fill in the form below and one
of our mortgage consultants will be in touch with you to
get the ball rolling. Once your paperwork is in place, a
pre-approval takes around 4-5 working days, and then you
can go shopping for a home!
What if you don't have a deposit? No problem. We can
get you a pre-approval for a No
Deposit Home Loan.
We cater especially for first home buyers. Go to our
First Home Buyers page to see all the benefits ABC
Mortgages can provide for first home
buyers. | 
