Buy First / Sell First? Where Do We Start?

Today, buyers and sellers have many options at hand. Options like, the kind  of Realtor you would like to hire and whether he/she is a Consultant, Coach or just a Sales Person, the different marketing plans, commission  rates, hiring a Buyer's Agents and lastly, the option of, “Do I buy  first or sell my existing home first?”

Whether you are about to purchase your second home or 10th home, the option to buy first or sell first is always a struggle.

To better understand these options and pitfalls a new report "By  First/Sell First?  Where Do We Start?" has been released to help Miami Lakes or other area home sellers better understand their options and choices.

1) Buy first and sell later? 

This method would be a way to get the exact place you want before selling.   But be prepared. There are some stresses here, especially if your  current home doesn't sell right away.  You might need to make double  payments and arrange interim financing to pay for the purchase.  About 5% of our clients choose this way, but you definitely need your banks  approval prior to making this choice.

2) Put your place for sale first? 

This way you are under no pressure to sell. When an offer comes in for your  property, we would negotiate a long completion date to give us time to look around at what is available and make your buying choice based on the properties available at the time. 90% of our clients choose this way.

3) Make a subject to sale offer? 

This is the worst of the 3 options. Because a subject to the sale offer is  the weakest offer, a lot of sellers do not even want to tie up their homes with this kind of contract but would rather wait for a "real" offer. As this would be a weak offer you would not able to negotiate  the best deal. On a subject to sale offer the pressure is still there  to get a fast sale because another offer may come in on the property you  are trying to purchase, and we would end up losing your dream home to  someone else with a cash or subject to financing offer. 1% of our  clients choose this way.