Selling Before Buying | What’s The Strategy?

Selling Before Buying

When the real estate market is as hot as it is now, it’s important for sellers to make strategic decisions to get the most for their home.

The time to sell is now. Our city is in growth mode. This is causing sellers to get much more money now than they would normally get. But it won’t necessarily last forever. This first quarter of 2017 is a critical time for sellers. Once Spring comes along there will be more inventory on the market, giving sellers less power.

If you’re strongly considering a move, the first step to take is to give us a call and have us over to see your home and talk about your goals as a seller. We can assess whether your house is ready and discuss timing.

Option One

If you’ve been thinking about selling, you don’t need to rush into buying a home right away. There are options to help sellers take advantage of this market. With buyers in the market, we are likely to achieve long closing dates, which is ideal in this type of market.

Option Two

The second option after selling is the possibility of renting a home. Doing this will give you breathing room to really decide what you want and to have the time to make a purchase. We find many people are using this process successfully. This is an excellent option especially if you’re strongly motivated by making money on this move. It could be the difference of $50,000 to $100,000 more. So a short-term rental is a great buffer while you side back and wait for the right property to buy.

With our vibrant city in gear to grow, many people are looking to re-locate to Kitchener-Waterloo. Sell now means maximizing your investment. The other benefit of selling before you buy is being in a strong negotiating position as a buyer. If you sell your home and find a short-term rental, you can wait for your perfect home to become available and you can negotiate as a buyer without the pressure of having to sell your home.

If you’re ready to make a move in this market, give us a call.