How can a broker assist an agent on auction day?

More pre-approved buyers to auction

Due to Loan Market’s large lender panel, brokers can potentially bring more pre-approved buyers to an auction, creating increased competition. By looking at multiple lenders, a Loan Market broker is bound to find one that suits a customer's requirements while still giving the customer a great deal.

Give buyers confidence to bid through knowing their maximum borrowing capacity

Through talking to a Loan Market broker, buyers know their maximum borrowing potential and can confidently bid on auction day. Having a broker on site during the auction will also let buyers know they can confidently keep bidding and will still be able to afford loan repayments.

Service buyers who don’t win on auction day

A Loan Market broker can talk to unsuccessful buyers at an auction and offer to assist them with their finance. By doing this, they can pre-approve buyers and work with a Ray White agent to present these buyers for future auctions or properties up for sale, giving a holistic experience to the customer.

Vendor has more buyers bidding on their property

Vendors benefit from having more pre-approved buyers at their auction, with less chance of the buyer’s finance falling through. Often a property goes under the hammer and it’s later revealed the winning bidder is yet to secure finance. Eliminate this risk for the vendor by having a set of bidders you know have been pre-approved through a Loan Market broker.

Finance assistance for the vendor

Provide a holistic service to your vendor, where they can also benefit in getting their finance sorted after the property is sold. Brokers can assist with those tricky finance situations including bridging loans and debt consolidation, making it a stress free experience for the customer.