buying a new hous sell first or buy first?????

[beaniedog]

what comes first the chicken or the egg???? do i pt my house on the market and then if it sells look for a house or do i look for a house, find the one i want and then Not be able to sell my house??? also what if the valuation on my house is wrong and i dont get as much as i hoped then i am unable to buy new house as cannot afford mortgage- I am in a total dilemma about all this?? hope someone can help me.

[Loosehead]

Generally the accepted advice is to sell first. Better than finding a place you really want and losing it because you can't find a buyer.

[WoWo]

bit of both I would say, certainly get it on first and that will give you some idea of who quickly (or not) it might sell. If you seem to get a lot of interest then start looking, if you don't hold off for a bit.

[Ethel]

I would take the easy way out.

Sell first, pay off your mortgage, bank any equity.

Take a short-term let.

Find new property, use your chain-free status as an excellent haggling tool, and you will qualify once again for first-time buyer discounts on the mortgage.

Good luck!

[parkesquay]

All the advice given is good. As sure as eggs-is-eggs if you find your perfect property before you have a purchaser for yours then by the time you have sold yours the perfect property will have gone. MASSIVE DISAPPOINTMENT.

However, if you intend to buy a newbuild property from Mr Barrett et al you can have your cake and eat it but at a cost. i.e. trade-up.

Having moved some 20 times in as many years House Chains can be heartbreaking. One way to reduce the stress is to be the top-end of the chain so you can choose an appropriate buyer for yours. Ideally a first-time or cash buyer.

[parkesquay]

I suppose that I should have answered your second part by saying that even(suppose)you have agreed to sell your house but for some reason(e.g. it is not enough money to get your next property) untill you sign a 'Completion Certificate' you can back out at any time.

[beaniedog]

hi, thanks for all the answers - methinks will put on market and see if any interest first- am actually thinking of downsizing and trying to lose most of my mortgage so in quite a good position as a buyer. thanks again - anymore answers welcome.

[RolandConley]

If you want to sell your old house and purchase a new house. According to me, If you have sufficient money then purchase a new house first after that sell your old house. As we all know nowadays finding the best house is quite difficult. I would suggest you to just take a look at http://www.fsbofastcash.com This website will provide you the platform to sell your old house and purchase the new house free of cost. Here you can also discuss with experienced members who will provide you the better decision.