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Buying a New Home + Being prepared

Pre-arranging finance for your new purchase can only simplify your buying process. Your effort and time invested in finding and purchasing a new home can be substantial and the process can also include many uncertainties. Finance approval (conditional on finding a suitable property) is the easiest way to remove at least one of these uncertainties.

A home loan "Pre-Approval" will offer you a quantifiable dollar amount to narrow the property search and may offer you strength in a competitive position - allowing you to act quickly and decisively when the perfect opportunity arises.

Provide clarity at an auction - auctions can be an uncertain and often an emotional process. A pre-approval from a lender at your pre-determined maximum borrowing level can take the emotion out of the auction process.

Conveyancing

Engaging a Solicitor or Conveyancer at an early stage is also good preparation for a new purchase. Having them check Contracts of Sale for any special conditions or limitations is a prudent step before bidding at an auction.

Introducing your Conveyancer to your Mortgage Advisor is also a great idea to streamline the whole process. Allowing direct communication between these two parties acting for you, can speed-up information flow and ensure settlement occurs smoothly and on time.

Holistic Home Loans has worked with many Conveyancers. If you don't have a Conveyancer that "knows their stuff" then feel free to ask our advisors for a good contact in your area.

Transition between Homes

Relocating is a big deal, especially when it involves selling your existing home to buy another, or reassessing whether your finances will allow the existing home to become a rental property."

For more information about the what to consider at this important stage of property ownership go to our transition between homes page to find whether "bridging finance" is the right option to choose, and how deposit bonds might apply to your circumstance.

 
Holistic Home Loans
Suite 303, 4-14 Buckingham Street
Surry Hills NSW 2110
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Telephone: 02 9698 9598
 
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