Before making an offer on a house, always get your finance pre-approved. Often it is advisable to make any offer to purchase subject to at least a satisfactory LIM report.

Remember, unconditional is unconditional & once unconditional, you are legally bound to buy the property. It effectively makes you a cash buyer. Pre-approval generally lasts for 120 – 180 days (depending on the lender), costs nothing and can easily be renewed.

Once pre-approved, there are a few different methods of purchase that you need to be aware of.