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First Home Buyer Hub Buy at Auction Have your finance sorted

Have your finance sorted

If you are buying at auction you need to have your finance approved and ready to go because buying a home at auction is final, and you cannot pull out once the hammer is dropped. There is no cooling-off period, no finance clauses, no building and pest.

buying-at-auction

For this reason, you want to work with a good mortgage broker prior to the auction who can help with sourcing finance, applying for a pre-approval and completing the bank’s paperwork. At the end of the day, there are lots of lenders out there, all with different pre-approval policies, so a broker like Hunter Galloway can look at 30 different banks and lenders to find the right one that fits with you.

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