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Ahead of the Ball – The Importance of Getting Finance Sorted

Marty McDonald - Friday, October 08, 2021

There are plenty of advertising campaigns around at the moment talking about ‘the light at the end of the tunnel’. What’s the first thing you’re looking forward to doing once restrictions ease? Probably heading to the pub? Getting a haircut?

The housing market in Australia has proven remarkably resilient to the effects of Covid-19. And while many people looking to sell are sitting tight, this only increases demand for the properties that are out there on the market.

The coming months are going to be a double-whammy. The typical ‘Spring Buying Season’ combined with the easing or end of lockdown restrictions is going to cause a flurry of activity, both for buyers and sellers. For those folks who weren’t sure where they’d be able to move to during a lockdown, those fears will be allayed. And for those hoping for a busy market to maximise their sale price, conditions will be perfect.

Meanwhile, there are plenty of hopeful buyers out there who have been waiting for the right moment to throw their hat in the ring. Like running to the front row of the concert (remember those?) when the doors open, there is likely to be a mad rush to finally buy the unit, the house, the living space, the dream.

So what’s going to make the difference during the inspection? What’s going to make you stand out as an applicant when the real estate agent offers their list of preferred buyers to the vendor?

Many things can go wrong during the buying process. Maybe you can’t borrow as much as you thought you could, maybe the house valuation comes in short and you’re unable to make up the difference. These are all things that run through the heads of the agent and the existing owner when it comes to making the sale as seamless as possible.

Having your house in order when it comes to money not only shows that you’re serious about being the next owner of that property, it also means you’re a much stronger candidate when it comes to negotiating the final price.

So what does that mean? What can you do right now to get an edge on the competition, who are currently putting together puzzles on their dining table?

Speak to us at Mortgage Experts. We can go through your plans with you, understand your financial situation and translate that into an actual number that you can use to bid with confidence. Whether you’re interested in complex calculations or just understanding the process a little bit better, the time is now to get the ball rolling. Or better yet, get ahead of the ball.

About the Author: Marty McDonald is principal of mortgage broker “Mortgage Experts”. Marty specialises in assisting active property investors with loan structuring advice and implementation as well as helping credit worthy borrowers with slightly outside the box income and employment situations. Find Marty on  and LinkedIn.