If you are serious about buying a property, then the first step is to contact Select a Bond to arrange your FREE pre-approval!
Obtaining pre-approval before you start house hunting gives you the confidence to know what you can afford, it estimates the costs involved and can prevent you from being tempted by something out of your budget.
It will also give you a heads-up if there are any issues with your finances, which will then give you time to remedy them before the embarrassment of an offer being declined.
Real Estate Agents and Sellers know that you are a serious buyer, and they do not have to worry that your finance application may not be approved – and the good news is that they will treat you accordingly.
A pre-approval is valid for 90 days and will help you acquire a better deal during the offer negotiation stage, plus assist you in securing the deal especially if the seller has other offers to consider.
Although a pre-approval comes with many benefits and gives your offer more opportunity of being accepted, it does not guarantee that your loan will be approved. The property will still be appraised by a bank valuator before the bond and the deal can be considered concluded
Your FREE pre-approval with Select a Bond is a quick and easy process that can be done online by contacting Martin at 082 447 3463 or Shannon Hubbard (in the Western Cape) at 084 701 2865