Buy or Sell - Which One First

Buy or Sell – Which One First?

When it comes to moving home, there’s no one-size-fits-all answer. It’s a bit like the classic “chicken or egg” conundrum! Both buying first and selling first have their perks and pitfalls. The best choice depends on your unique situation, and we’re here to help guide you through it.

Your Real Estate Family

Choosing the right real estate agent and conveyancer is crucial for a smooth move. At JKL, we treat you like family, ensuring your experience is stress-free and successful. So, should you:

• Buy First (if you have the means) and hope for a successful sale of your current home?
• Sell First - potentially rent temporarily?
• Make an Offer with Contingencies and hope the vendor waits for you to sell?

Should You Buy Before Selling?

If you can afford to buy your new home without selling your old one first, you're in a fortunate position. This approach can be less stressful, allowing you to take your time to find the perfect new home and ensure a good sale price for your old one. Just remember to stay informed about any tax implications of owning two properties.

Making an Offer Before Selling

This can be a bit risky and stressful. In a seller’s market, vendors might not entertain offers that are contingent on selling your current home. At JKL, we’ll help you weigh the risks and benefits, providing guidance tailored to your situation.

Should You Sell Before Buying?

Most real estate agents recommend this approach. While there’s no absolute right or wrong way, selling first often puts you in a stronger position when buying. Here are some benefits:

• You’ll know exactly how much you can spend.
• Sellers will view your offer more favourably.
• You might need to rent temporarily, which can be a bit of a hassle and expense, but it ensures you're not rushed into a purchase.

Waiting too long, however, might mean rising prices could push you out of your desired market. We’re here to help you navigate these potential challenges smoothly.

Welcome Home

At JKL, we’re committed to making your real estate experience feel just like family. Whether you’re buying or selling, our team is here to provide support, knowledge, and a bit of that family warmth to make your journey as pleasant as possible.

Experience our JKL real estate experience. We’ll put the welcome mat out for you!