The main concern that we hear time and time again from active buyers is that they don’t want to put their home on the market before they’ve found a property they want to purchase.
They fear that they can’t find the perfect house they want to buy even though they want to take advantage of the rising house prices and the all-time low interest rates.
How many of you are there out there wanting to move, watching the market, and thinking the same thing?
However, this fear is a self-fulfilling prophecy.
If you’ve been looking for a house to buy then you’ve probably noticed that there’s a lot less choice out there? And if you are waiting to put your house on the market until you’ve found the new one, then that’s probably why!
As more and more people delay selling their home, the less housing stock there is to buy from.
But that’s not the only reason to think about putting your house on the market now.
If you sell now and buy later, it puts you in a stronger position when purchasing your new home. Firstly, when you have agreed a sale on your house, you won’t be in a rush and won’t be pressured into selling for a lower price than you would have liked, and secondly, when you buy, you’ll be more attractive to the vendor with that agreed sale.
With just under 80% of homes in Luton and its surrounding areas currently under offer, it makes sense to take advantage of the current property market and sell now to achieve the maximum price.
What can you do to make sure you don’t waste time when you do start looking for the house you want to buy?
Do your research and know what you want. Decide what area you want to buy in and what sort of property you want to buy. Make plenty of visits to the area and talk to locals.
Take advantage of our Personal Home Find service where we will actively target properties that aren’t even on the market in the area that you’ve chosen to find you your dream home.
Make sure as many things as possible are organised before you start looking to avoid delays.
Work out your finances and get your mortgage pre-approved as well as choosing a reputable conveyancing solicitor
Keep an eye on the property market while you’re selling and find out where prices are supposed to be over the next 12 months so you can plan appropriately.
If all else fails, you can slow down the selling process by having a longish period between offer and exchanging and between exchanging and completion. This can buy you some more time.