To buy or not to buy first? That is the question. To buy or not to buy first? That is the question.
Many people in the real estate market are trying to buy and sell at the same time.
Professional couple and young families are upsizing from an apartment to a house.
Empty nesters are downsizing from the big family home to an apartment or townhouse.
Ideally, they want to move from one property to the other without having to rent or stay with family in between. Navigating this can be tricky, but it’s doable.
There are pros and cons to buying first and selling first. If you buy first, you’ve secured a home you want to move into – you just need to sell in time and for the price you want. If you sell first, you know exactly how much money you have to spend on your new home, but you might not secure a new home in time to avoid a third residence in between moves.
A good real estate agent along with a good lawyer or conveyancer can help make the buying and selling – or selling and buying – journey as seamless as possible. You just need to communicate your needs upfront so they can put move in / move out dates in the contract.
Naturally, due to Christmas and school holidays, this time of year can be particularly tricky when it comes to finding a move in or move out date that suits everyone. But it’s not impossible. Again, communicate your needs so the professionals can guide you.
