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Tips for moving house - timing your move

The timing of buying and selling can be one of the most stressful aspects of the moving process. You don't want the expense of a bridging loan if you complete on the purchase of your new home before you sell your old one but, equally, you don't want sell before you buy and have nowhere to move to.

Which first?

The less pressure you are under in selling your own home the less likely you will accept an offer below the market price.

In practice most people have found their new home and pay a booking deposit before selling their own.

In is therefore extremely useful that you get an accurate guide to the value of your home as early in the process as possible. Keep a close eye on recent sales in the area for similar properties.

Ask at least three firms to give you a free valuation and between this and your own feelings you should get very close to the true valuation.

If there are minor matters to be attended to in your home which will increase its value or make it more attractive try and complete these works before agreeing to buy your new home.

For individuals who are happy to rent the option of selling first and buying as a cash buyer is also attractive. One downside here is that in a rising market you could be losing out if the time lag between purchase and sale is significant. Problem is, who really knows whether the market will continue to rise or not!

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Variable rate warning: The cost of your monthly repayments may increase - If you do not keep up your repayments you may lose your home. The payment rates on this housing loan may be adjusted by the lender from time to time.

Warning: Your home is at risk if you do not keep up payments on a mortgage or any other loan secured on it

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