The Sullivan Team
  • Our Listings
    • Current Listings
    • MLS Listings
    • Luxury Listings
    • Properties Sold
  • Neighbourhoods
    • Burlington, Ontario
    • Hamilton, Ontario
    • Oakville, Ontario
  • Blog
  • Videos
  • Calculators
    • Affordability Calculator
    • Mortgage Calculator
    • Land Transfer Tax Calculator
    • What Is My Home Worth?
  • Our Team
  • Testimonials
  • Contact
The Sullivan Team

  • Our Listings
    • Current Listings
    • MLS Listings
    • Luxury Listings
    • Properties Sold
  • Neighbourhoods
    • Burlington, Ontario
    • Hamilton, Ontario
    • Oakville, Ontario
  • Blog
  • Videos
  • Calculators
    • Affordability Calculator
    • Mortgage Calculator
    • Land Transfer Tax Calculator
    • What Is My Home Worth?
  • Our Team
  • Testimonials
  • Contact
The Sullivan Team

  • Our Listings
    • Current Listings
    • MLS Listings
    • Luxury Listings
    • Properties Sold
  • Neighbourhoods
    • Burlington, Ontario
    • Hamilton, Ontario
    • Oakville, Ontario
  • Blog
  • Videos
  • Calculators
    • Affordability Calculator
    • Mortgage Calculator
    • Land Transfer Tax Calculator
    • What Is My Home Worth?
  • Our Team
  • Testimonials
  • Contact

Blog Postings

As a homeowner, should I BUY or SELL first?

By

Natalie Stoltz

Posted in News On August 3, 2021

Buying before selling – When buying first, homeowners are less rushed to find the right home, so they can spend time making sure the new house fits as many of their needs as possible. This can reduce the pressure of having to meet a deadline to find your new home after your current home has sold. Although buying first has some advantages, this situation isn’t financially feasible for everyone. There may be a possibility to add a sale of home condition to the offer; however, competing offers without that condition will likely be more desirable.

Selling before buying – It puts you in a stronger position when buying. The seller you want to buy from generally prefers a buyer who has the cash in the bank (and/ or a pre-approved mortgage) rather than enter a chain, where their sale is dependent upon you finding someone to buy your house. You will also know exactly how much you can spend as you’ll have the money from your sale readily available. However, if you sell first, expecting to be able to buy quickly after, you may not be able to find exactly what you were hoping for in a home, and instead may have to rent for a period of time, which can prove very costly. Keeping an eye on the market, and determining your needs, wants, and goals with your next home should definitely be kept top of mind!

We will guide you through your unique situation and help determine whether buying first or selling first is the right decision for you.

TheSullivanTeamRemax@gmail.com or 905.639.7676

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Office Location

RE/MAX Escarpment Realty Inc., Brokerage
2180 Itabashi Way
Unit 4A
Burlington, ON
L7M 5A5

Contact Info

Office: (905) 639-7676
Fax: (905) 681-9908
Email: TheSullivanTeamRemax@gmail.com

© 2021 - TheSullivanTeam.ca

|

Designed by PDM Web Design

5 Steps To Saving For A Home Low-Cost Ways to Spruce Up Your Home’s Exterior

Owning a home is a keystone of wealth… both financial affluence and emotional security.

Suze Orman
January 30, 2023 Monday!
The Sullivan Team
  • Login
Forget Password?