Should You Buy A New House Before Selling Your Old One? Let's Explore the Pros and Cons
POV: You're a homeowner thinking about downsizing, upsizing, or relocating to a new area. Your biggest dilemma now? It’s probably this: whether to sell your current home before buying a new one, or buy first and then sell.
It's a common situation for many homeowners who are on both sides of a home sale transaction. Selling first can provide financial certainty, while purchasing first means you don’t miss out on your dream home in a competitive market. Both options come with their pros and cons. However, in this blog post, we’ll break down the benefits and drawbacks of buying a new home before selling, so you can understand what you’re signing up for if you find this approach appealing. This strategy is not uncommon in the real estate world, especially for homeowners who find their dream home before they’ve managed to sell their existing o ...
While it's a cliche that communication is key among successful couples, it couldn’t be any truer and more crucial if you’re planning to buy a house together. Not only are you going to make one of the most fulfilling purchases of your life—but you’re also going to experience the joy and hardships of homeownership with the person you love.
If you're house-hunting for your ideal property, you might have heard about the “location, location, location” mantra that’s prominent in real estate. Here we’ve listed five locations that might make you think twice before living near them.
When you put an offer on a home, you'd want to do everything you can to make your bid more competitive. One way to do this is through earnest money. But what is it, exactly? And how much do you need?
Buyer’s remorse is a feeling of regret, guilt, or anxiety after making a purchase, thinking that it’s a wrong decision. It’s also known as buyer’s regret or buyer’s disappointment. While it can result from any sort of purchase, even the smallest ones, it usually occurs after a significant commitment, such as buying a house or a car.
Some homeowners feel buyer’s remorse after purchasing a home. They either feel that it was an outright mistake or think that there’s a better option for them out there. Buyer’s remorse is common, especially to first-timers. In fact, a 2022 survey of homeowners found that more than half — 60 percent — feel some form of buyer’s remorse over their housing purchases. Regrets are especially common among those who bought a home during the pandemic era (2020 or later), when sale prices began to boom.
After all, a home is typically one of the biggest i ...
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