So, you’re undecided!
However, the reality is that we humans, in order to survive, have to eat, drink and have protection from the elements every single day. So whether we believe in what the media says or not, the fact is that the real estate market is always active. In a buyer’s market, the sellers often have to adjust their expectations. In a seller’s market, the buyers have to stretch their spending budget a little bit further.
There is no place like home!
You will probably never buy/sell anything more valuable than your real estate, so it pays to be extra diligent in finding how to protect your ‘cash’. If you are new to the real estate market in Western Australia, it is very useful to get some general advice from Department of Commerce of Western Australia https://www.commerce.wa.gov.au/consumer-protection/buying-and-selling-home.
Perhaps the next step is to find out a little bit about your preferable suburbs, clicking right here might help. If the location is suitable than find out what you can get for your money by visiting my sold properties in the area and then find out what`s available to buy right now.
Buying and Selling: what to do first?
Buуіng a home while ѕеllіng аn еxіѕtіng hоmе has іtѕ own ѕеt оf challenges.
When and whether to sell first then buy or vice versa is the eternal question. It can depend on whether it is a buyer’s market or a seller’s market, whether you can afford a bridging loan, or have enough equity within your properties to capitalize on interest.
In a buyer’s market, I would always suggest you sell first. The last thing you want is to be paying interest costs on two loans, or seeing equity in your properties eaten up, because you can’t sell your own home quick enough.
In a seller’s market buying first might be the best option, as you would assume that your property would be sold quite quickly. However, it is important that you should get a professional opinion before making that final decision.
Overall, I would always suggest you sell first, keeping in mind that you can extend the settlement date to allow time to find a property.
Moreover, remember to keep other options open, like family or friends that may help.
Now, if you are house hunting click here for help. If you are cash hunting than check this out.