|
Should You
Sell or Buy First?
Should you
wait for the right home to come on the market before putting your
current home up for sale or should you sell first and then go
out and find what you want?
While there
is no simple answer to this question, you will probably come to
a definite decision based on your personal comfort levels with
regard to the following...
| SELL
FIRST |
| Pros: |
Cons: |
- You know exactly
how much money you have from the sale of your first home
and can comfortably choose your next home's price range
and negotiate accordingly.
- With cash
in hand you can immediately make firm offers on any property
that meets your needs. If a property pops up that is perfect
or extremely well priced you can be the first in the door
with an offer.
- You have more
negotiating power. When Sellers turn down or counter an
offer that is conditional upon the sale of a home, they
usually believe that the Buyer will come back with a more
serious offer if and when the Buyers' home has finally
sold. Sellers give much more consideration to unconditional
offers since they usually realize the Buyer does have
other options and may move on and pursue a different property
if their final offer is rejected.
- If more than
one property interests you, you can shop around, negotiate,
and finally settle on the best deal.
|
- If the right
home is not currently on the market when you finally sell,
and nothing comes up before your closing date, you may
have to find alternative accommodation until something
appropriate comes along.
|
| Questions
you should ask yourself |
- Do you have
reasonable options available if your closing dates do
not line up and you cannot move into your new home the
same day you move out of your current home?
- How would
you and your family react to the stress of having to rent
for an unknown period of time?
|
Contact
Us today!
Back
to seller information
|
