Should I sell before I buy?
Would’t it be easy if you could sell your current home at exactly the same time as buying your next home.
Unfortunately this is rarely the case and most next home buyers will struggle with the decision to buy or sell first.
Selling your current home can put you in stronger financial position, establish a realistic budget and provide you with the time to make property offers without rushing. However this should be weighed up against the expense of interim accommodation until you find a new property and the expense of moving twice.
To help avoid the double move
- It may be possible to negotiate a longer settlement on the purchase of you new home, while you sell your current home.
- Or organise to lease your home back from the new owner, giving you time to find your next property.
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