When selling a home before buying the next one, there are many advantages that make it a more attractive choice. Firstly, the seller of the next property is likely to prefer a buyer who has ready cash in hand or a pre-approved mortgage rather than having to enter into a longer chain of sales. This means that buyers remain in control of the sale of their own property and can negotiate a better price for themselves as they are not pressured into selling cheaply.

Secondly, when selling first, buyers have time on their side and can often get a better deal on the purchase of their next home. With ready cash in hand or access to funds, buyers know how much they can spend without having to wait for the sale of their current home. This is especially important in a market where prices are rising quickly; buyers can avoid overpaying by selling before buying.

Finally, it pays to do your research and be organised when selling before buying. Decide what sort of property you want to buy, and how much you want to sell for, and compare local estate agents for the best deal. Develop relationships with a number of estate agents so that you are in the know about all good properties that come up for sale. This will help to eliminate delays and ensure your next purchase goes smoothly.

In conclusion, selling before buying can be a valuable decision both financially and time-wise. Whether you are keen to move quickly or if you are uncertain of the future market, it pays to be prepared and organised when making the sale. By doing so, buyers can remain in control of their own sales and get a better deal on their next purchase. This is especially true if the economy is in flux – getting ready with cash in hand can help buyers avoid any price hikes and get the best deal possible.

Ultimately, it’s important to stay informed on the local market and do your research before selling and buying. This will help you make an informed decision about whether selling first is the right choice for you.

If you are interested in moving onto your next property and require a mortgage, we are here to help, contact us via email [email protected] or feel free to give us a call at 0151 662 0188.