Listing your property for sale before finding a new home is often the best approach. At LaDelfa Estates, we frequently receive inquiries from sellers in Chester regarding whether they should secure a new property before listing their home for sale.
Based on our experience, listing your property for sale before finding a new home offers several advantages. Here’s why:
1. Stronger Negotiating Position
Buyers in today’s market are less likely to entertain offers from individuals who haven’t listed their current property for sale. By listing your home, you demonstrate your commitment to moving, which strengthens your negotiating position. If you already have a buyer lined up, your position becomes even more favourable.
With an offer in hand for your existing property, you can confidently make an offer for your new home, knowing that you’re doing so from a much stronger position. Even if you don’t find your dream home immediately, having your property listed gives you a head start.
Having said that, there’s no need to rush the selling process, especially if you haven’t found a new home yet. It also provides you with extra time to research prospective areas and plan your next steps.
2. Maintaining Movement in the Property Market
If everyone waited to find a new property before listing their current one, the local property market would come to a standstill. This would lead to limited availability and create significant delays in the buying and selling process, ultimately impacting property prices.
By listing your home before finding a new one, you contribute to keeping the market active and fluid.
Before listing your home for sale, here are a few steps to take:
- Obtain a valuation for your current home to establish your budget and financial plan for the move.
- Consult with a mortgage advisor to find the right financing options.
- Research the areas and property types you’re interested in.
- Stay informed about the local property market.
- Organise your paperwork and engage a reputable solicitor.
- Secure pre-approval for a mortgage (Decision in Principle) to demonstrate your serious intent.
- Choose a reliable local estate agent to list your home.
At LaDelfa Estates, our experienced team specialises in the property market across Chester and surrounding areas. We can help you find the perfect buyer for your property.
And don’t forget, if you choose to sell with us you’ll automatically benefit from our specialist marketing service which discreetly promotes your property, notifying only buyers who are willing to wait for you to find your next home. This ensures you’re in the best position when the right property comes along.