It's time to move but should you buy your new property now and sell your existing property afterwards - or visa versa?
You can spend as much time as you like shopping around for your ideal next home,
instead of feeling pressured to take anything just so you’ll have somewhere to live.
You don’t know exactly how much your old home will sell for, so you can’t lock in a budget for your new place.
You may feel pressured to accept a lower offer as your new home settlement gets closer.
You may not get as much as you hoped for your existing property, and have to make up the difference with your savings or a larger loan.
You can wait until you get the price you’re really happy with for your
existing home with no pressure.
You can go shopping for your new home knowing exactly how much
you’ve got to spend.
You’ve got time to shop around and possibly negotiate better deals.
You can avoid the hassle and expense of bridging finance – which you’ll need if you end up owning two properties at the same
BUT if your old home sells faster than you planned, you could face the
stress of having no place to live while you look for a new home.
Thinking of selling your property?
We are happy to come and see you to give you an appraisal with no obligation. An appraisal with us can give you expert industry knowledge about what’s happening in the local area of your property, information about any recent changes in the market along with some examples of what services you can choose when selling your property with us.
With a fair and ethical mindset, you can be sure that together we achieve the best possible sale experience for you and your future!
Kath is an Annerley and Tarragindi local with all the inside knowledge. Ex business-owner and current lover of local, community and Real Estate!