Some Things Are Worth Waiting For

Back in February, a local couple approached me with a clear goal: upgrade their owner-occupied home and relocate to Bribie Island. With the right strategy in place, we secured pre-approval early, and I connected them with a trusted real estate agent to help them list their existing home.

The property sold within a few weeks which was great news, but it meant the clock was now ticking.

Over the following months, they faced more than their fair share of setbacks:

• Properties falling through due to poor pest and building reports
• Unreasonable vendors with unrealistic expectations
• Contracts that crashed after initial success

They stayed the course, and we kept the finance ready.

Finally, they found the one their ideal home in the Moreton Bay area. Contracts were signed, but there was a catch: the property was tied up in probate. That meant a lengthy delay to settlement.

Rather than start the finance process again down the track, I worked closely with the lender to extend their loan approval beyond the standard 90-day expiry period keeping things aligned and on track behind the scenes.

In the meantime, the couple successfully negotiated early access to the property and moved in while the legal process ran its course.

After eight months, plenty of paperwork, and a few curveballs, settlement finally took place on 2 October.

Key Takeaways:

• Pre-approval puts you in control early especially in time-sensitive situations.
• Not every deal is perfect (don’t ignore pest and building reports just to “make it work.”)
• Working with a broker means having someone on your side, navigating delays and extending finance as needed.
• Sometimes, patience and persistence pay off.

‍

Looking to upgrade, downsize, or relocate?