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Finance Approval

Finance Approval

Is it necessary to make a Contract subject to finance if a Buyer has pre-approved finance?

Yes! Pre-approval of finance does not mean that a Buyer will necessarily be able to obtain unconditional finance approval. Often when finance is approved it is subject to conditions such as satisfactory valuation. It is important that a Buyer is protected in the event that they cannot obtain unconditional finance approval and can terminate a Contract on that basis.

We are here to help. Please contact our office should you require any assistance.

(ALSO READ:)
Land Tax Under Contract
Buyers Guide
Sellers Guide

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To learn more about Foreign Buyer Approval today, contact OWNit Conveyancing on 1300 553 750.