When considering a move soon, the question of whether it is better to sell your current home or buy a new property first naturally arises. Both options have their advantages and disadvantages, and several factors need to be considered before deciding.

Starting with buying may be a good option in certain circumstances. For example, if you need to relocate for work over an extended period or if you have found your dream home and do not want to miss out on this opportunity. By buying first, you will be able to plan the exact date of the transaction and your move, which can be helpful in informing potential buyers of your current property. However, it is important to note that if you do not have good credit or a lot of money, you might have to make a conditional offer to purchase your home. In this case, if another buyer comes forward before you have sold your home, you could find yourself in a tricky situation where you either must withdraw your purchase condition or make a competing offer.

On the other hand, selling your property before buying can also have advantages. You will know the exact date of possession for your buyer, allowing you to plan the purchase of your new property accordingly. Additionally, knowing the amount you will have in your pocket after the sale helps you determine your budget for your next acquisition, especially if you need to take out a new mortgage. In the case of selling before buying, you can also negotiate with potential sellers without a financing condition.

We are here to guide and assist you in making the best decision based on your personal situation, market conditions, and the type of property you want to sell or buy. Whether you are ready to sell your home or buy a new one, our team is here to support you and provide expert advice. Do not miss this opportunity to get informed and make the right decisions for your real estate future!