Tag: new

Should I sell my home before buying a new one?

this is jason simard with the sims realestate group your vancouver island real estate experts bringing you anothervaluable video so the question today is I own homeshould I sell it before buying another home and this is actually a reallycommon problem right now that a lot of people are having so we're working witha lot of out-of-town buyers who have homes with equity that they're planningon selling so that they can buy a home here the challenge is, they don't want to selltheir home until they've found a home but then again to find the home you mayneed to sell your home first so it puts you in an awkward position and so our team is of this mindsetnumber one if you can buy a home without having put your home on the market first great that could be an option for youbut you have to be willing to consider that maybe you'll have to carry ashort-term mortgage so you may need to consider some interim financing solutionwhich for some people may put them out of their comfort zone the ideal scenario though is you haveyour home sold or at least you have a home that is subject free and that saleis going to be happening and then you start looking because if you start looking before yourhome is for sale we might find the perfect property but the reality of itis is it's probably not going to sit on the market now there is the option youcan always put an offer subject to the sale of your home however in a challenging market like theone that we're in currently that often may not put you in the strongestbargaining position or in the strongest negotiation position however for the right property we may beable to make that work and we have made that work many times so what I'm trying to get at is this isa conversation you need to have with somebody that you trust a real estateexpert that can really help you understand what your options are andhelp you now navigate this crazy market that we're in right now so if you havequestions my team and I are here to answer thosequestions for you our contact information is below we'd be honored tohelp stay tuned in a couple weeks we'll haveanother valuable video for you.

Source: Youtube