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.


If you value what this story gives you, please consider supporting the Ham&High. Click the link in the orange box above for details.

PROMOTED CONTENT

Let’s get physical! One of the dangers of lockdown is to be lulled into laziness, watching too many box sets, and eating and drinking too much, but there is no excuse to not start exercising to get fit and stay healthy.

Collège Français Billngue de Londres in Kentish Town offers the best of French and English education to Nursery pupils through to Year 10.

UK Government Chancellor Rishi Sunak has announced extra measures to support workers and businesses throughout winter, including a furlough scheme extension paying 80 per cent of staff wages.

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

Latest from the Hampstead Highgate Express