PEI Real Estate Report - What Should I Do When Buying My Second Home?

As life goes on, housing needs change. Whether your family is getting bigger, you're downsizing or just looking for a change, there comes a time in the lives of many homebuyers to purchase a new house. This is something many homebuyers have to figure out for themselves and every case is different.


In most cases, people need the money from the sale of the current home they're in to purchase the next one. If this is the case for yourself, you can still look to purchase a home with a condition that is subject to the sale of your current house. This can be tricky as the property you put an offer on might be off the market before the sale of yours.

Of course, if you don't need the money from the sale of your current home right away, you can purchase the home without this condition. Each case is different, so there really isn't an easy answer to this question. Your best bet is to discuss this with your real estate agent. You can of course speak to any of our agents on this matter by going to our agents page and they can help you with any questions you may have. Or you can contact Joel Ives at and put you in the right direction.

Don't forget to check out the PEI Real Estate Report, Thursdays at 8:20 on Ocean 100.3 FM!

Do you have more questions about this topic? Our REALTORS are here to help you. If you would like more info on this or other real estate topics go to and join us on facebook where we discuss in more detail.

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