Big bucks at stake in decision to buy or sell first
The decision whether to buy and then rely on a quick sale of the family home, or to sell first and hope the market doesn't take off is one that can have significant financial and logistical ramifications.
Moving twice can be a major deterrent to selling a property before buying another one. (Image source: Shutterstock.com)
There is one question that is typically raised in an unpredictable market, where buyers are nervous about sudden market movements adversely impacting their financial position.
Upsizers
and downsizers fear trading homes in a moving market. While the ultimate concern is loss of deposit in the event of their property not selling in time for settlement of the new acquisition, there are other fears (and opportunism) at play for many.It’s the balanc…
