Buy First or Sell First

Everyone Has a Different Approach. Here are some things to consider.

Generally speaking, under most market conditions, real estate professionals advise listing your present home and shopping for your new home simultaneously. Prevailing market conditions, however, suggest it is prudent to sell your current residence first and then shop for a new home. Regardless of market conditions you should first talk to your Sales Associate about your personal situation. Some sellers are motivated by lifestyle choices and others by economic goals. These considerations will influence how fast you need to sell and how long you should expect it to take in current market conditions.

If you have very specific criteria - like location, size, views, age, etc. - your search could be time- consuming. You should consider selling your current residence first. Buyers who can make cash offers have a lot of leverage in today's market. If you sell first, you can make your sale dependent on finding a home to buy.

Time of Year considerations can also play a role in deciding when to sell - with spring and fall the most popular seasons on the Eastern Shore to put a home on the market. Your well-informed Coldwell Banker Chesapeake Real Estate Sales Associate can help you consider the effect of other factors like interest rates and consumer confidence in the economy. Remember, our mission is to achieve for you the highest possible sales price, in the shortest time on market, with the least amount of inconvenience.