Should I Buy First or Sell First?

Another frequently asked question I hear in my travels as a Kitchener Waterloo Realtor is:  Should I buy first or sell first?  The answer may surprise you.  If money is important, I generally recommend to sell first.  This may seem counterintuitive to many so let me explain.

Most sellers overestimate how much their home is worth and underestimate how long it will take to sell.  By selling first, we have the answer to those crucial questions.  We know our net proceeds and we know when we need to vacate.  Now we can go out into the real estate marketplace and negotiate with confidence as we are unencumbered. 

Now I hear objections like:  What if I can't find the perfect home?  For those individuals, it's likely best to buy first.  However, understand that the risk of owning 2 homes or having to sell quickly can wind up costing you $1000's.

As you can see, buying and selling real estate is complex.  That's why it pays to consult and hire a professional.  For sound advice on your real estate needs, feel free to reach out at 519-505-4488 jeff.gingerich@century21.ca.   

  

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Jeff Gingerich

Jeff Gingerich

Sales Representative
CENTURY 21 Home Realty Inc., Brokerage*
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