Is it best to sell my prop­erty be­fore buy­ing an­other?

The Advertiser - Real Estate - - Front Page -

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.

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