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Why sell before you buy

 
 
 
 
  25 Jun 2019

Should I sell first or find somewhere to buy first? It’s a question we often hear and it really is a chicken and egg situation! While it’s tempting to start searching for a new home as soon as you decide to move, getting your property on the market – or delaying your search until your current home is under offer – will put you in a strong buying position and help avoid disappointment.

If you’re a seller and need any more convincing to step away from the search button, read on to discover why selling before buying can’t be ignored.

Quick to find, longer to sell

It may take more time to sell your property than it will to find a new home– especially if you can’t compromise on your sale price or your home is unusual in terms of style, location or construction.

Finding a home to buy, however, tends to come more quickly. It’s not unknown to find ‘the one’ for sale online, conduct a viewing and make an offer all within 48 hours. Securing a buyer for your property in the same time frame may not always be possible.

Sellers won’t always wait around

If you give in to temptation and make an offer on a property too early in your own sales process, you may lose your dream home. Let’s face it, the seller could tire of waiting for you to sell your property and may instruct the agent to find an alternative buyer or withdraw it from the market completely.

Pipped at the post by a better buyer

The other major drawback of offering on a property without having your own home under offer is competition – being overlooked in favour of other buyers in a better position.

Faced with multiple offers, a seller will be advised to choose their buyer carefully – normally the one in the quickest and safest position to proceed.  If you have an offer on your current property – or at least have it on the market – you will be taken more seriously than someone who hasn’t even started to market their home.

Break your own chain

We’ve established that selling first is a sensible option but there is an extreme approach that gives purchasers even more buying power. Seeing a sale through all the way to completion and moving in to a rented property removes the selling element from the equation and makes you a chain-free buyer – a super attractive option to sellers.

Buying while living in a rented property means you also eliminate the stress of trying to juggle two transactions at the same time. You might even get a better price for your home if you find a seller who wants to move in urgently and you can take advantage of the quicker time frame of moving into a rental.

If you are looking to put your property on the market, Jezzards will give you a free, no-obligation valuation to get the sales process started. And don’t worry if you have found your dream home and are not on the market yet. With Jezzards, sellers can get up and running in no time. In fact, it can take as little as 24 hours to get a home live online, generating interest and booking viewings, so get in touch today.


Author

Jezzards Estate Agents



 

 

Jezzards properties Hampton

What our clients say about us

  • " I've dealt with some horrible agencies whilst renting in the past but I am glad we had Jezzards as our last. Didn't know that someone so professional and understanding and true to it's word existed in the business. I locked myself out once and they were there in  20 mins to assist. Heating stopped in the night and their out of hours assistance helped sort us out. Any problems or issues, were very promptly and effectively dealt with...I didn't even have to chase them. Our exit was quick, refunds took some time due to overlooked issues, which Victoria Jezzard looked into personally, and all done in 3 days. Dorathy was our handler and she was ace!! "

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    Anonymous September 2019
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    Astan August 2019
  • " Everybody at Jezzards Estate Agents, Surbiton was very patient and sympathetic to our needs as non-residents looking to buy in a completely new area. We were provided with maps and advised on the layout of the town and nearby areas. We would particularly like to thank Gaj Murali for showing us round various properties in the pouring rain and taking a personal interest in helping us find the right property. Thank you Gaj. "

    Anonymous August 2019
  • " just like to say that once agin the service from Jezzards has been exceptional and special praise tio Dorothy whio handled my lettiing from start to finish perfectlty and made sure all parties were happy. great company to deal with and would recommend to others without hesitation. thank you once more "

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