BUY OR SELL FIRST- Everyone is different and unique and each has to consider what works best for them. Factors to consider include:-Mortgage Financing- are you pre-approved for a mortgage.
Current market conditions- Is it a Buyers market or a Sellers market. If it is a sellers market you may wish to buy first before selling but if it is a Buyers market you may wish to sell your home before buying. Here are some of the advantages.
Works best when Works best when
- There is A LOT OF COMPETITION IN THE MARKET AND PRICES ARE RISING PROPERTY PRICES ARE FLAT OR DECLINING
- YOU ARE CONFIDENT THERE WILL BE A DEMAND FOR YOUR TYPE OF HOME YOU WANT CERTAINTY ABOUT HOW MUCH YOU CAN SPEND ON YOUR NEW HOME
- YOU CAN NEGOTIATE OR MAKE IT CONDITIONAL ON THE SALE OF YOUR HOME YOU ARE MOVING LOCATIONS AND BUYING IN A DIFFERENT MARKET
HERE ARE THE STEPS TO MAKING IT HAPPEN
- GET PRE-APPROVED - GET STARTED RIGHT AWAY AND KNOW WHAT YOU CAN AFFORD
- CHOOSE AN AGENT- FIND AN EXPERIENCED AGENT WHO SUITS YOUR PERSONALITY
- START HOUSE HUNTING.- WE WILL CONSIDER YOUR NEEDS AND FIND HOMES THAT SUIT YOU.
- MAKE AN OFFER- WE WILLCOMPILE AN OFFER AND NEGOTIATE ON YOUR BEHALF.
- MAKE A DEAL.. YOU MAY RECEIVE A COUNTER OFFER. WE WILL REVIEW IT WITH YOU AND
HELP YOU DECIDE. YOU MAY WANT TO MAKE A COUNTER OFFER
SCHEDULE AN INSPECTION, GET KEYS AND MOVE IN
VITALLY IMPORTANT - STRATA PROPERTIES.
If you are purchasing a strata property reviewing all the strata documents are is a must. Not all Realtors will review the documents, for fear of liability, but simply supply them to you. I read ALL the documents and will highlight and explain all areas of concern or what to look for going forward.
REMEMBER you are not an expert but your Realtor should be.
