Search

Should I wait till I find a new property before selling mine?

PUBLISHED: 12:19 15 June 2015

Should I wait to find a new property before selling mine?

Should I wait to find a new property before selling mine?

PA Archive/Press Association Images

Simon Gerrard, president of the National Association of Estate Agents answers your property questions.

This is probably the second most common question estate agents get asked. There is a simple answer – NO.

There are many potential sellers who are putting off placing their own home on the market until they have found somewhere to buy, but this can lead to major disappointment and losing your dream home to someone who is in a better position to progress the purchase as “their home is under offer.”

Marketing your home early not only gives you time to achieve the best price, it puts you in a much better position when you find your next home.

If you are looking in a popular area, there will be a lot of competing buyers. A seller is more likely to be swayed by a buyer who may not offer the best price but is in the best position with a buyer in place or already has their property being actively marketed. If you are not yet on the market, this won’t be you.

So my advice is that once you have identified an area you want to move to, settled on a budget, refined and narrowed the criteria of your new home; this is the time to place your own property on the market, but it’s important to instruct the right agent at the right price. You should also consider instructing an agent that can help you with your search.

PROMOTED CONTENT

Looking to get your child interested in a sport? Allianz Park, home to rugby union team Saracens, welcomes people of all ages to join their family of supporters and discover how their core values Honesty, Discipline, Humility and Work Rate underpin everything they do off and on the pitch.

As part of a major refurb, the London Marriott Hotel Maida Vale has renamed its three new-look function rooms to reflect the geography and rich history of the area. The largest, perfect for weddings and large meetings, is named after a Hampstead subterranean river, The Westbourne.

Londoners seeking high quality houses for sale within easy commuting distance of the capital are being advised to look north to St Albans’ prestigious Gabriel Square development.

Newsletter Sign Up

Sign up to the following newsletters:

Sign up to receive our regular email newsletter

Our Privacy Policy

Most read Hampstead & Highgate stories

Hot Jobs

Show Job Lists

Digital Edition

cover

Enjoy the
Hampstead & Highgate Express
e-edition today

Subscribe

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now

Most Read

Latest from the Hampstead Highgate Express

Hot Jobs

Show Job Lists