Is it best to sell my property before buying another?
EVERY person’s situation is different but most of the time it is better to sell your property before buying another. This way you know how many dollars you have in your hand when purchasing your new home.
You are also in a better position to buy when you have cash and will save yourself the cost and stress of having to apply for bridging finance if your current property takes longer than anticipated to sell.
When you sell your home, you could opt for a longer settlement. This will give you time to look for your new home. If you have not found a home to buy before you settle, you could consider renting. It also may be an option to rent your home back from the new owner until you find a property.