Shifting to a new house, whether in the same or a different area, is usually stressful. Looking to sell your current home and buy another one at the same time hence is more stressful since you are looking for a buyer at the same time looking for a seller. Since you might not get both the buyer and your ideal house simultaneously, let’s look at the implication of selling a home first or deciding to buy one first.
Should You Buy a House First?
Buying a house before selling your home will guarantee you a place to stay once you get a buyer for your house. Getting your new ideal house first will save you a great deal of money used for temporary apartments and will not influence your decision to settle on the firm home you get due to the pressure to settle in quickly. Buying a house before, however, might leave you with the expenses of paying off two mortgages simultaneously.
Should You Sell Your Home First?
Since buying a house first will leave you with an option of paying two mortgages simultaneously, selling your home first will completely remove this expense. It also leaves you with more time to research and get your ideal house since one expense is off the table. Selling your house beforehand might leave you at a fix that might not be reversed when it gets to a point where you cannot get your ideal house and might start thinking it would have cost less and taken much less time renovating your previous house.
Here are a few steps to guide you through your joint purchase and sale of your house.
Assess the market
Like any other market, some factors affect the pricing. It is important to assess your market to determine how much would be the ideal price for your current location and future home location. The best way would be to take to a real estate agent for guidance and measure the value of your home.
Prepare your home for a sale
Part of selling your house involves preparing your home for a visit by potential buyers. The preparation, therefore, involves getting rid of unwanted stuff as well as decluttering your house to bring out the best aspects of your house.
List your house with a real estate agent
Once your house is ready for the market, you have decided on the ideal time to have your house listed with renowned real estate agents and companies in your area. The real estate agents know the market value of the houses in your area and, therefore, would assist in getting a suitable buyer at a good price for you.
Start looking for your ideal home
If you want to move to the same area or a nearby city, you might want to speak to the same agent to assist in getting a house for you at a decent price. A good example is if you live in Cannes, you might want to check out a villa for sale Cannes. Real estate reduces the stress of going round in circles in pursuing your ideal home.
Provided by HomeLight Homes
