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Should you sell before you buy?

Finding your next home is exciting. Figuring out how to buy it while selling the one you’re in can be a little more complicated.

The latest Canadian housing numbers give us a good reason to revisit which should come first.

According to CREA’s September 15 report, new listings rose 3.3% in August, while home sales edged down 0.7% from July. National conditions remain balanced, with new properties giving buyers more options heading into fall. [Source: CREA]

If you’re planning a move, selling first lets you establish your sale price before committing to your next purchase. It can also reduce the pressure to accept an offer because you’ve already bought another home.

Of course, you’ll need somewhere to stay if the closing dates don’t line up. Buying first may make more sense if the home you need is difficult to find and you can comfortably manage the costs while yours sells.

The right order depends on what’s available in your neighbourhood, how your home is likely to sell, and what works for your household.

Which part would you want help with first: finding your next home or figuring out what you could sell yours for?

Just reach out and let us know. We’d be happy to help you work through it.

Talk soon,
CHRIS, PATRIC, JULIE, JASMINE, KRISTI & BRELL

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WHAT'S HAPPENING?

WHAT ELSE WE ARE TALKING ABOUT

ALL ABOUT THE STATS

August was a hard month for many families across the Interior, and our thoughts are with everyone affected by the wildfires. The North Okanagan market kept moving, and the numbers show three different stories.

Single family homes held their value, with the benchmark steady at $794,300. Townhouses are up 3.2% to $561,000 and selling a little faster than last year. Condos are where buyers have the most room right now, with more choice and prices easing slightly.

Wondering what this means for your home or your next move? Reach out to any of us below. We're happy to walk through the numbers with you.

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One more thing before you cancel the Wi-Fi

Don't you love the ability to check the front door for that important package or adjusting the temperature without giving out of bed? We've all become so accustomed to these conveniences that it's easy to forget what all went into setting them up.

And then... you decide to move.

If you’re leaving smart devices for the buyer, you’ll need to revisit those accounts and find out how to prepare the equipment for someone else. You’ll also want to check any subscriptions you’re paying for, so you know what happens to them when you leave.

We’ve written a guide to help you work through it, beginning with what to discuss before the home goes on the market.

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