{"id":229,"date":"2008-11-07T14:43:39","date_gmt":"2008-11-07T14:43:39","guid":{"rendered":"http:\/\/www.montreal-realestate.ca\/english\/2008\/11\/should-i-buy-or-sell-first\/"},"modified":"2019-03-11T21:29:20","modified_gmt":"2019-03-11T21:29:20","slug":"should-i-buy-or-sell-first","status":"publish","type":"post","link":"https:\/\/www.montreal-realestate.ca\/english\/should-i-buy-or-sell-first\/","title":{"rendered":"Should I Buy or Sell first?"},"content":{"rendered":"

BUYING FIRST
\nThere is a down and upside. The downside is not knowing how much your home will sell for.swift codes bank in United States.\u00a0This is particularly harder if you are on a tight budget. Also, if your current house doesn\u2019t sell fast enough, you may be forced to sell it at a reduced price as to avoid being stuck with two properties.<\/p>\n\n\n\n
BUYING FIRST<\/strong>
\nThere is a down and upside. The downside is not knowing how much your home will sell for. This is particularly harder if you are on a tight budget. Also, if your current house doesn\u2019t sell fast enough, you may be forced to sell it at a reduced price as to avoid being stuck with two properties.Buying your home first allows you to know:<\/strong><\/p>\n
    \n
  • Your new address<\/li>\n
  • Your date of possession<\/li>\n
  • The exact costs of your new property<\/li>\n
  • The date of closing<\/li>\n<\/ul>\n

    If you find your dream home before you put your home on the market, you can make the offer to purchase conditional on the sale of your property. If the seller receives another offer before your house sells, you might be asked to come up with the money in 72 hours, depending on how the contract was written, or withdrawal your offer. Another solution would be to carry the two mortgages. Carrying two mortgages has the potential of being risky. Know the market well and rely on your agent to price your house accordingly.<\/p>\n

    SELLING FIRST<\/strong>
    \nSelling first implies that your property will be sold before you find a new one. The benefits are:
    \nKnowing the exact amount you will receive form the sale
    \nYou\u2019ll know the move in date of the new owners<\/p>\n

    This scenario is particularly advantageous if there are a lot of homes on the market and the prospects look promising. This is my favourite scenario for this particular market. Before you decide which one is best for you, talk to your realtor. If you don\u2019t have one, I would be pleased to help.<\/td>\n