The chicken or the egg situation. I’m often asked: “Should I find a suitable home to buy THEN put my house on the market, or secure a buyer for my house first and THEN find a new property?” This guide answers this question along with the reasons why

1. What should
you do first...
find a buyer or
a new property

2. pERRY
POWER
Should I find
a buyer or a new
house first?
I’m often asked: “Should I find a suitable home to buy THEN
put my house on the market, or secure a buyer for my house
first and THEN find a new property?”
Without doubt, I would always advise that you should SECURE
A BUYER FOR YOUR PROPERTY FIRST.
After deciding that it’s time to move, your first priority should
be to research the area to which you’d like to relocate. Speak
to estate agents, browse relevant properties online and drive
around the new area before finally deciding to put your house
on the market. Make sure your expectations are realistic and by
all means start viewing some potentially suitable houses, but be
aware that you could become very emotionally attached to a
property. Of course that property can’t be yours until you have
received an offer on your own property.
Accepting an offer on your home before you make an offer
on another has the following advantages:
● If
you are ‘proceedable’ (ie are able to proceed if you like
the property), the reality is you will be taken more seriously by
estate agents and property sellers.
● If
you fall in love with a potential new home and then put your
house on the market, it is unlikely the person selling your
dream home will agree to take it off the market until you’ve
sold your own property. This obviously increases the chances
of the house being sold to someone else in the meantime.
02 / Perry Power / What should you do first...find a buyer or a new property
“Happily, I’m
here to offer
impartial advice,
suggestions
and tips”

3. pERRY
POWER
● Buyers
are fairly easy to come by, if your property is
marketed correctly. Finding a house you would happily
call home is an emotional process however, and may
be considerably more difficult.
● Having
already secured a buyer, you are then able to move
more quickly and so become a much more attractive
prospect for the seller. This often means you are able to
negotiate a better price on your new house.
● Until
you have an offer on your property (whether you’ve
accepted it or not) you don’t REALLY know how much
money you have available, to buy your next house.
If you have any specific questions, feel free to contact me
in confidence and I will be more than happy to discuss your
individual circumstances.
03 / Perry Power / What should you do first... find a buyer or a new property

4. and Finally...
Did you know: On average, 60% of property owners end
up having to change estate agents before eventually selling
their property with the average property selling for 21%
below the original asking price.
I have helped hundreds of home owners successfully
navigate the challenges of selling. With over 11 years
experience in the industry, I am now using that experience
to help you avoid the common pitfalls via eGuides, my
website forum, Podcasts and Webinars. It’s all FREE!
need more help?
No problem, get in touch and I would be happy to help.
Speak soon
perrypower.co.uk
@power_perry
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uk.linkedin.com/in/perrypower
perry@perrypower.co.uk
04 / Perry Power / What should you do first... find a buyer or a new property