Buy Home or Sell Home First? Which One Is Better? Get The Answer.

Buy Home Or Sell Home First?

When it’s time to buy a new home and also sell the current house that you’re living in, one of a homeowners biggest questions is: Should they buy home or sell home first?

It’s a difficult decision, as there are benefits and negatives to each. When you decide to selling your current house first, you usually put yourself in a better position to negotiate with buyers. You won’t “have to sell” your home just to avoid making double mortgage payments and can let it sit on the market longer in the hopes of getting a better price.

In addition, selling your home first typically allows you to be in in a better position once you sell their home and are looking to buy. This is because sellers typically like to to sell to buyers that have fewer conditions attached to their offer.

A condition that requires that you sell your current home first can be difficult for buyers to accept – especially in areas where the housing market is slowing. Sellers will generally accept a lower price for their home from individuals who have sold their home rather than those that still have property to sell. Selling your current house in advance will also help keep the buyer within their budget, as they already have the money from the sale of their home and know exactly how much they have to spend.

However, one of the larger concerns homeowners have when they sell their home first is that they cannot find a new house to buy. This can be very difficult as people don’t often wish to sell their home so that they can move into a rental property for several months.

If the real estate market is hot, prices may be very high.  Therefore, finding a new home that you can afford can become increasingly difficult. However, if the market is slow, finding a new home could be easier than ever.

One way to avoid difficulties is to write a condition into any offer. Your Realtor should be able to guide you on how “hot” or “cold” the neighborhood you are looking to buy in has been for the past several months.  Your Realtor can also guide you on the best way to write a condition that will likely be accepted and help you weigh the tradeoffs between prices and piece of mind.

What you decide to do depends entirely on your situation and what the market is doing at the time. Unfortunately, there is no right or wrong answer and either way, it can be a risk either.

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- Gretchen & Brad Richter- Gretchen & Brad Richter
“We relocated to Texas from out of state 3 years ago, and Paige’s intimate knowledge of Houston neighborhoods, valuations, trends, and pitfalls was simply unmatched. We would never have been able to find our perfect home without her. She was calm and focused when everything seemed most challenging — a true professional and advocate who has become a dear friend. We are grateful to have met her!

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- Peter McGillivray & Jillian Jopling- Peter McGillivray & Jillian Jopling
“Paige demonstrated all qualities you want in a realtor – knowledgeable, attentive, responsive, patient. She put us into our first dream home, and due to that experience, we’ve returned to her time and again for our other real estate needs. You will quickly realize after working with Paige that while she focuses on completing your deal, her endgame is to ensure her clients’ needs are preserved and satisfied.

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- Gail & Ian Mackey- Gail & Ian Mackey
“As first time buyers in the US, we are delighted to have worked with Paige. She is a delight to work with, and I would recommend anyone to enlist her help if you’re looking to either buy or sell a property.

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- Dr. Jen Shroff- Dr. Jen Shroff
“Paige is simply the best. She was patient with us throughout the process and took time to answer all of our questions! She knows so much about the housing market so we felt very confident that we were in great hands!

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- Travis LeConey- Travis LeConey
“Paige has helped my wife and I twice now. I couldn’t think of a better person to have in your corner when buying or selling! She guided us through the process, and made it seem so easy that selling/buying was fun! Paige is a great person, very responsive, and great at what she does. I recommend Paige to all my friends and co-workers. If you are buying or selling in the area Paige covers, give her a call. You won’t regret it!

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- Xavier Refunjol- Xavier Refunjol
“Paige is dedicated, thorough and caring to where you feel you’re their only client. Their best asset is their honesty, based on experience and data. We had a great time buying our first home largely because of them. We would not hesitate to recommend them to anyone.

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- Taylor Lamb- Taylor Lamb
“Paige was wonderful to work with. She was thorough, knowledgeable and patient. I would highly recommend Paige to anyone looking to buy or sell a home.”

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- Jeremy & Lynn Greene- Jeremy & Lynn Greene
“Paige Martin is the best Realtor. She is highly experienced and very knowledgeable. She made our buying experience an enjoyable one, not only for us, but for our daughter, son-in-law and several of our friends. We have bought and sold many houses, and Paige has been the best realtor we have ever worked with. We highly recommend her.

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- Dr. Forrest Roth, MD- Dr. Forrest Roth, MD
“Paige is the best of the best when it comes to real estate! She has bought & sold many properties for us & we couldn't recommend her more highly!

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- Tina Spiller, Chevron- Tina Spiller, Chevron
“I really enjoyed working with Paige on the sale of my townhome. The HAR listing was perfect and went up quickly and the sale was closed within 30 days. I definitely recommend Paige for any real estate transaction.

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