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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