Sell your property and prepare for your next home
A well-prepared move
Moving home means coordinating two decisions. Organize the sale of your current home and the purchase of your next one with a budget and timeline you can sustain.
Understand your starting point
Start by calculating how much you could put toward your next purchase after paying the obligations on your current property. The advertised sale price and the funds you ultimately have available may differ: consider the outstanding mortgage balance, transaction costs, and any repairs you choose to make.
Gather your property's documentation and seek a valuation supported by comparable properties. Providing complete information makes discussions with potential buyers easier and helps set more realistic expectations.
Coordinate both timelines
Before reserving another home, explain whether you need to sell to complete the down payment. Ask which dates, payment terms, and alternatives are actually available in the development that interests you.
Also prepare for a scenario where the two transactions do not coincide. A temporary move, furniture storage, or a few additional months of expenses can change your budget. Avoid making commitments based solely on a sale that is still pending.
- Estimate the net proceeds from the sale, not just the sale price.
- Distinguish your preferred dates from agreed dates.
- Keep the terms of both transactions in writing.
- Allow a budget for temporary housing and moving expenses.
Keep exploring
Let's talk about your next chapter
Tell us what property you are looking for and how selling your current home fits into your plans.
