Have Your Finance Ready
When you find the right property, you want to be able to move quickly and confidently. In today’s competitive market, having your finance organised before making an offer is one of the smartest moves you can make. It gives you credibility with the seller and puts you in a much stronger negotiating position.
💳 What Does Pre-Approval Mean?
A pre-approval (also called conditional approval) is when your lender confirms, in writing, how much they’re willing to lend you—based on an assessment of your financial situation. While it’s not a guarantee of finance, it shows agents and vendors you’re serious and ready to proceed. Pre-approvals typically last 60–90 days, giving you a clear budget and helping you focus on properties within your reach.
📜 The Role of a Subject to Finance Clause in Victoria
If you’re buying under a Contract of Sale in Victoria, a subject to finance clause can offer important protection. It makes your offer conditional on securing formal loan approval by a set date. If your finance is declined, and you’ve met the clause’s conditions, you can withdraw from the contract without penalty.
✅ Bottom Line
Having finance ready isn’t just about speed—it’s about confidence. Pre-approval keeps your search realistic, the subject to finance clause provides a safety net, and together they reduce stress while increasing your chances of securing your dream home.