Should I find my new home before putting my current property on the market?
Waiting until you find your next property before putting your current property on the market with an estate agent can give you that sense of security of having found your next home in Bolton or Bury for example. However, experience shows that waiting can make it more difficult for you to view properties in the first instance as many sellers won’t allow viewings on their property unless you are actually on the market yourself. Plus, if you do manage to view your dream home and subsequently place yours on the market, that initial feeling of security often changes into concern as you start to worry;
“What if someone else buys my dream house before mine sells?”.
Faced with this fear, especially in the fast moving markets we see in Bolton & Bury, people sometimes decide to market their property at a lower asking price in the hope of encouraging a quick sale. This can sometimes lead to properties being sold for less than they are worth, to meet the speed required so the dream home purchase is completed.
By contrast, placing your house on the market before you find something can actually give you more options and security because it allows you to “test” the market at a non stressed sale price. You can view other houses safe in the knowledge that you are a serious viewer and should we find you a buyer for your house before you have found something you like, we can always ask your buyer to consider giving you a reasonable time in which to find something, if they don’t agree to that, you can reject their offer leaving you no worse off than if you hadn’t been on the market to start with.
If you agree a sale on your property without having found a property yet, you will be in a superb position to quickly act and agree a purchase on your new home the moment that it comes to the market. As you will be ready, willing and able to progress the purchase of the home right away. You will likely be in a better buying position than many of the other interested parties in the property, so you are likely to be the successful buyer of your dream home.
Therefore, upon reflection, it is better to be on the market and looking rather than waiting until you have found something as that approach can actually cost you money and cause more stress in the long run.
If you are a looking for your new home in Bury please call Cardwells Estate Agents Bury on 0617611215, or if you are thinking of selling your home in Bolton please call Cardwells Estate Agents Bolton on 01204381281. Perhaps you have a property that would like to sell in Manchester (Swinton / Worsley / Walkden / Little Hulton / Manchester City Centre) Cardwells Estate Agents Manchester on 01617943434.
