Selling should always come before buying
House hunting takes time and effort, so when you’ve finally found a property you want, it can be crushing to lose out in favour of another buyer.
In a competitive market such as the one we’ve experienced so far in 2021, homeowners have their pick of offers and buyers, but there are a number of factors that you could consider in order to stand a better chance of being chosen.
First and foremost, whilst it’s a negotiation, you want to be careful not to lowball them and risk offending the seller, especially where the house is fairly and accurately priced.
It also helps to have already sold your property or purchase without a chain holding you back. By being in this position, you will benefit from the following:
Sellers will take you more seriously
Having your current property listed on the market or Sold Subject to Contract (SSTC) will demonstrate your motivation to progress quickly with the sale.
You’ll be able to avoid making any hasty decisions
If you secure your new purchase before finding a buyer yourself, you might find that you’re willing to accept offers far below your expectations.
You have a better insight into your budget
If you anticipate selling at £250,000 but your agent helps you sell above asking price, you have additional funds to put straight into your next purchase, meaning you may be able to afford the home you want rather than settling.
In need of our expert advice? Contact us today to discuss selling, whether you’re looking to start right away or in the new year.
This article was originally published by BriefYourMarket and is reproduced here with their permission.
For more company news and insights from Pygott & Crone, click here
Latest news
The Renters' Rights Act: What landlords need to know now
The Renters' Rights Act: What landlords need to know nowThe Renters' Rights Act 2025 came into force on 1 May 2026, bringing the most significant overhaul of private rented sector legislation in England in more than thirty years.
What's my home really worth? Understanding property valuations
What's my home really worth? Understanding property valuationsBefore you market a property for sale, understanding its value in the current market is the most important preparation you can make.
Void periods explained: How to minimise empty rental months
Void periods explained: How to minimise empty rental monthsA void period is the time between one tenancy ending and the next beginning, during which the property generates no income.
Breaking down the property chain: How it really works
Breaking down the property chain: How it really worksWhen you buy or sell a home in the UK, you are likely to hear the phrase property chain.
