Do I need finance approval?
The simple answer is yes, if not certainly in the process of doing so. The reason being is that agents and also the sellers of the property, that you are trying to purchase, want to know that you’re in a position to be able to move forward with the purchasing of that particular property.
Because if they do say yes to you, they remove the property from the market for up to 14 to 21 days while you’re going through the process with the banks. So to give them some certainty to accept your offer. I highly recommend that pre-approval is definitely going to put you into a strong position. A great way of doing it also to go through your bank, if not a broker will certainly be able to help you out there.