Buyers /On March 5, 2013

Should I Buy or Sell First?

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Generally speaking, it makes sense to put your present home on the market first, then buy. That’s because it can be very frustrating to find your dream home, just to lose it because you can’t sell your present home quickly enough. Lots of factors affect the decision of "Should I Buy should I buy or sell first? or Sell First?", however; for instance, if it is a seller’s market, then it will probably behoove you to identify your replacement home first. That’s also true if what you’re looking for is unique or hard to find.

Most sellers will expect you to be pre-approved, and (again, depending on the market), contingency free. That’s especially true with short sales, foreclosures, and new construction (but, not always). In some cases, financing can be arranged to enable you to buy first, then sell (bridge financing).

Email us at concierge@lizmoore.com, or fill out the buyer interview below, and a Liz Moore agent can help you sort out these answers, and help you make the best decision for your situation. They can explain how contingencies work (conditioning your new home purchase on your current home selling and closing), help you evaluate financing choices, and lay out your options.

Lynnette Tully

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Liz Moore & Associates is a boutique real estate agency renowned for having the region's top agents, with extensive market knowledge and local expertise that is only achieved through relentless training coupled with Liz's extremely high standards for professionalism. When you're buying or selling a home, experience matters.