The Importance of Full Pre-Approval

09 Feb 2017
Sandra Berry

One of the most frustrating moments for any buyer and seller is when they read the words ‘finance declined’. As an agent, sometimes buyer and many times a seller, I know this feeling all too well.

Be a confident and reliable buyer and make sure you have a full pre-approval letter before making any offer.

A full pre-approval requires a credit check to be completed by your chosen broker. This confirms that irrespective of any required property valuation by a bank or financial institution that you actually qualify to borrow to a certain limit.

Many contracts fall over as a result of buyers making offers subject to finance that they have no way of satisfying. Most pre-approval letters note that the approval is subject to a credit check which technically means you’re not approved for finance at all.

Sellers are looking for conditions that have certainty and their agents are now looking to enter into contracts with buyers that can provide a full credit checked approval on entering in to any contract.

If you’re unsure how to get a full credit checked pre-approval, we can point you in the right direction.

It’s the best move you’ll make towards a successful purchase.

I found Sandra Berry very professional. I think she understands how stressful selling your house can be and was very engaged with my idea off what I see as a successful outcome and how I can sell my property with a minimum of fuss and stress. She engages you as part of the team and gives you options on how you can help to maximise your appeal to potential buyers. The sale result was good, quick and stress free. Thankyou Sandra.

- Guy
Mount Barker

Sandra & Co,
Thank you so much for the great job in selling Mum & Dad's home. All your help & assistance in explaining all the details for this most emotional decision made it so much easier for both of them to understand. With great appreciation Jenny.
P.S. Plus Mum & Dad thank you so much too!

- Jenny, Ben & Lorraine
Hahndorf

To the Team at Sandra Berry Real Estate. Thank you for handling the sale of my parents property. It was your efforts that found the property which was their home and they were very happy for the time they spent there. You were very personable and professional so we were more than happy to deal with you again to re-sell their property. I hope the new owners are also pleased with their purchase. We would not hesitate to deal with you again.