Page 8 / Get pre-approved / Create a checklist Create a checklist. Once you arrive at this point, your bank or broker will have determined your lending capacity and be ready to give you a ‘pre-approval’ amount. This will allow you to start making offers with confidence knowing that you can proceed to buy. Pre-approval is very handy for being able to jump on your dream home as soon as it appears. It also gives you a leg up on buyers without pre-approval, as sellers will favour your situation due to guaranteed funding. Just remember, though - pre-approval is a limited offer and doesn’t lock you into a loan - so be sure not to let it expire before you place your offer. Once you have your finances sorted and know your budget, you can start working out which boxes need to be ticked off in your new home. First and most importantly, is to determineWHERE you will live. Once you have narrowed down the location, we then suggest making a list of everything you’d like in your new home and determining which of these are ‘must haves’ and which are ‘would like to haves’. This is handy to keep on hand so you don’t get caught up in the emotion of open inspections and prevents you from overlooking anything important. It’s important to take your time and research the location - you may need proximity to schools, transport and local amenities. 05. 04. Get preapproved. “This will allow you to start making offers with confidence knowing that you can proceed to buy.”
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