Bartlett and Partners: Should I find a property before I sell?
With properties not flying off the shelves immediately as we have been accustomed to should you put your house on the market before lining up your next home?
By Heather Nicholls
18th Oct 2023 | Property News
We have seen a large amount of uncertainty given current market conditions. With properties not flying off the shelves immediately as we have been accustomed to, should you dive in and put your house on the market before lining up your next home?
You've decided that you want to move house.
Should you start looking for a new property before or after you've agreed on a sale of your current one?
If you sell your current property and then begin searching for your new home, what do you do if you can't find anything to buy?
And if you find the home of your dreams, but your current home doesn't sell quickly enough, and someone else buys it before you do, what then?
You've done a bit of internet browsing and found the perfect property.
You go to a viewing and fall head over heels in love. It's everything you've ever wanted, and you know you'll be happy here for years and years.
You've already visualised the interior design and found the ideal position for your furniture. Everyone has chosen their bedrooms and is thinking about the many wonderful summer afternoons and family Sunday lunches you'll have here.
But you need to sell your current house.
And you'll need to be quick.
There have been a lot of viewings on the property, and you're worried that someone else will make an offer.
You're racing against other potential buyers for this one particular house.
You don't want to move if you don't get this property.
What are your options?
Sell your property at a reduced price to get it sold quickly,
Make a crazy high offer on the other property, and hope no other buyers go that high,
Accept the first offer you get on your property because you have no choice; you don't have time to hang around.
It all sounds quite frantic, doesn't it? A very stressful experience.
Read more here.