There’s no escaping the fact that the current property market is fiercely competitive, with high demand among buyers, a shortage of homes available for sale and often multiple buyers looking to snap up the same property.
So what should you do if you’re looking to move and how do you avoid missing out when you find something you really want to buy?
In the current market, the best thing you can do is to put your home on the market first before you start looking. This is because many sellers will choose a buyer who’s already had a sale agreed on their own property and are seen as “proceedable”.
Reasons why it’s best to sell first
- You don’t miss out when you find “the one”
With buyer demand as high as it is, chances are that any property you take a shine to will also appeal to other buyers. If you’ve already Sold STC though and they haven’t, it should put you in a stronger buyer position in the eyes of the seller and they’ll take your offer more seriously.
- You avoid rushing to sell
If you’ve found something you really want to buy in this competitive market, then not only could you be tempted to submit a high offer to secure it, but you’ll be putting yourself under pressure to sell your own home quickly. That might mean putting yours up for sale before you’re fully prepared and having to accept a lower offer than you’d ideally like, just to get sold.
- The seller may accept a lower offer
If the seller is looking to move quickly, they may accept a lower offer from you if you’ve already sold and are in a position to move quickly too.
- You’ll have an accurate budget for your next purchase
If you’ve already sold your home SSTC before starting your property search and have received an agreement in principle from your mortgage lender, you’ll know exactly how much you can spend on the purchase of your next home.
Expert help to find your next home
When you sell with us, not only do we use our experience to achieve the very best possible price for your home, but we also work with you to find your next home too, tailoring your requirements as you view properties.
With our in-depth local knowledge, our 9 branch network and lots of properties to choose from, we have the expertise to make your next move happen.
Read our tips on how to effectively sell your property for the best price and find your next home this year.
“Got our house sold at the right price and also found us an amazing new one, great service and very professional. Although it took a long time to get the sale through, they made sure we had regular updates and got the sale through. Would certainly recommend the Stroud branch of The Property Centre if you’re looking to buy or sell.” S. Watkins-Knight, Stroud Buyer & Seller
Tips for selling your home before finding your next home
Be organised to avoid delays
Do your research before you sell. Decide what area you want to buy in, and what sort of property you want to buy.
Get your mortgage pre-approved so you can buy quickly
This will make you even more attractive to a seller. Speak to one of our in-branch Mortgage Advisers to book an appointment.
Ready to sell?
When you are ready to sell, our valuers are highly experienced, with expert knowledge of your local area. Any valuation you receive will be realistic and accurate, giving you the best chance of attracting serious buyers.
Book a free valuation with your local team.
