1st Things First
Thinking of selling your home, and buying another? If that's the case, then it seems natural to search for your next property right away, doesn't it? You'd probably like to know where you're going, to give you the enthusiasm and excitement of a fresh new start. However, you must remember you still have a home to 'sell', and that sale should be blended comfortably with your purchase so both deals can close on the same day. This situation is fairly common with homeowners. Do you 'sell' first, or do you 'buy' first?
If you sell first, and you're not too particular about your next home, this could work out well since you're likely to find suitable accommodation, and still match closing dates. If however, you're a little choosy about your next property, then selling first draws the fear of not knowing where you're headed afterwards. It makes sense to buy first in this case, however this may put you at a disadvantage in the marketplace... You'll likely make an offer 'conditional' on your current home selling, but if it's not ready to go, then the process is delayed, and you may lose the house you love to another Buyer. Unless of course, you can afford to own two properties at once. Unfortunately, many people cannot.
Preparation is the Key
Your dreams are fulfilled with the proper preparation... You need to sell your home with either scenario, so the following three points are all critical steps. Embrace the right specialists and you'll be rewarded.
- What's your home worth?
- What can you afford for your next home?
- Enhance your current dwelling for future Buyers
Obtaining the assistance of a professional REALTOR® from the outset is essential for a fulfilling selling and buying experience. An action plan can be streamlined that benefits from start to finish. A proper evaluation for your home, and a look at various costs, helps determine your net numbers. From here, a mortgage specialist can assist with the financing needed for your purchase. And then, with well chosen contractors, renovators, or designers, you can get your home in showing shape. Many owners today have a private list of ongoing 'fix ups', and some homes need more work than others. It's certainly in your best interest to invitingly prepare your property so you can impress a willing Buyer to offer the highest and best price for the market. If your home is already in a good state of repair, then your own personal time and effort can enhance it even more. Find excellent tips and ideas at 'Dress Your House for Success'.
With these three things in order you've layed the groundwork for a successful transaction. At this point, a home 'search' begins with your REALTOR'S® assistance. When you find something suitable you'll be in position for the winning offer to blend two deals together comfortably.
A property showing well, and priced right, will lead to a quicker sale, which is exactly what you need when you have an offer conditional on your home selling. A good looking home makes it warm and inviting to a Buyer. They will picture themselves and their belongings within. Negatives are reduced because your home looks cared for, and they will not instantly wonder about any other negatives they cannot see. Many Buyers purchase on emotion, so if you create 'curb appeal' and hold their interest all the way through the tour, then they'll feel invigorated, which inspires offers.
Selling and Buying is a timely process involving a lot of steps. Preparation and organization will fulfill dreams, and prevent disappointments. We're sure you'd like all the events leading up to your moving day to be as easy and as exciting as possible. It's in your hands to make the right choices. We'd certainly like to hear from you, and be part of your wonderful journey.
