When you sell first you lose control of the timing of the process as there’s no guarantee that you can secure that perfect property within a reasonable time or be flexible enough with your sale to attract the maximum number of buyers. Time is your enemy here because the longer it takes, the greater the chance of property values continuing to rise, effectively reducing your buying power.
Things you should know
Doorsteps Finance Pty Ltd ABN 27 648 541 879 (Doorsteps Finance) is a credit representative (no 531036) of Doorsteps Solutions Pty Ltd ABN 60 654 334 246 , the holder of Australian Credit Licence 537369 (Doorsteps Solutions). Doorsteps FInance and Doorsteps Solutions are wholly owned subsidiaries of OpenAgent Pty Ltd ACN 161 595 679.
Pre-approval is not a final loan commitment, and does not guarantee loan approval or funding. The pre-approval process is designed to assess your creditworthiness and provide an estimate of the loan amount you may qualify for based on the information provided at the time of pre-approval.
There is no guarantee that you will save any money by buying before you sell.
There is no guarantee that you will receive approval from a bridging lender in 48 hours.
A bridging lender is under no obligation to consider or approve any application or to provide any products to you. Any credit application is subject to approval, terms and conditions, fees and charges.
*A referral to Lawlab Pty Limited is general in nature only and does not constitute legal advice.
This content is written expressly for educational purposes and is based on the opinions of the authors or as otherwise cited. In no way should it be relied upon for financial advice. This information has been prepared without taking your objectives, needs and overall financial situation into account. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice. We do not accept any liability or responsibility whatsoever to any error or omission or any loss or damage of any kind sustained by a person or entity arising from the use of this information.