Auction Details

Auction Date: Saturday 26 November 2011

First open house: Saturday 22 October 2011

How to be a buyer on the day

Are you looking to purchase a home? Are you a serious buyer? If so, the following checklist may help you to achieve maximum buying power on the day of inspection or at auction.

Do you:

• Know your maximum borrowing that a bank or lender will advance?
• Have pre approval to allow you to confidently sign a contract or bid on the day?
• Have a checklist of all you require before purchasing such as number of bedrooms, bathrooms, garages, living areas?
• Know that the property meets all of the sustainability requirements?
• Know if the property is near to transport, schools, shopping precincts, parklands, sporting grounds and all of the criteria that will meet your lifestyle requirements?

Have you:

• Spoken to your mortgage broker about your borrowing capacity?
• Arranged a meeting with your broker to apply for pre-approval before entering into a contract to purchase?
• Yet to sell your existing home and do not feel confident signing a contract without a contract of sale on your home?

Did you know:

• A mortgage broker is an accredited representative of most lenders?
• Mortgage brokers must meet the new licensing requirements which commenced on 1 July 2010?
• A mortgage broker must be a member of, or affiliated with MFAA and COSL which are the governing and dispute resolution bodies recognised by the Federal Government?
• There are excellent products available in the market now with very competitive rates that allow you to borrow for a new property before you have sold your existing home?

LJ Hooker Land Marketing's mortgage professional has over 20 years experience with access to 27 lending institutions. To find out more please call Helen on 0408 732 883.