Homeowners who are thinking about selling always have this question: “Do we buy before selling or sell before buying?” This is often the first question asked in a real estate transaction, so today we want to share some tips.
Often, homeowners express the fear of selling their home without having another to move into. To be honest, that is actually a great problem to have. For instance, if you make an offer on a desirable home, the seller isn’t going to wait around for you to sell your current home first. Putting a contingency in your offer that stipulates that you must sell your current home before buying a new one puts you in a vulnerable spot.
The real estate market is time sensitive. You can’t lock in the home of your dreams if you’re still waiting to sell your current home. The best way to make the process work for you is to find a good buyer first so that when you find a home you want to buy, you are in a much stronger position.
If you have any questions about selling your current home and buying a new one, please don’t hesitate to reach out to us. We would love to help make the process go as smooth as possible!