If you find your dream home, you may have the tendency of buying a new home in Ottawa even before selling your current one. There is always that desire to close the contract for your dream home; otherwise, you might lose the chance for it.
Buying A New Home In Ottawa – Before or After Selling?
While it may seem like a good idea to have a new home before selling your existing one, there is a risk to it. If you buy before selling, you could end up having two homes. Having two homes is not easy. It can be difficult to maintain both homes. It can also be financially straining as there will be expenses on both the new home and the old one.
Selling the old home is not as easy given the current status of the real estate market. It has become a very competitive industry. If you are not knowledgeable enough and if you don’t have the necessary skills for selling, it may take time before you can actually sell your old home. This would mean that you will be maintaining two homes for a long time.
So is it advisable then to sell your home first prior to buying a new one? Before you buy a new home, it is advisable that the process of selling your home is already in place. There should already be a determined market value for it. The price should already be guaranteed.
Not only that, the process of buying a new one should already be in place as well. If you sell your home without a guaranteed new home purchase, you are at risk of being homeless. If your home sells fast and you don’t have a new home yet, then it will be a big problem for you.
Get Help From A Real Estate Agent
When buying a new home in Ottawa and at the same trying to sell your existing home, you can get help from a qualified real estate agent. You do not have to do all the processes yourself. You can get assistance from someone who actually knows what to do.
A qualified real estate agent will help eliminate unwanted stress that comes with the selling of your home and the buying of a new one. As the agent knows the real estate market more than you, he will be able to walk you through the process, eliminate any roadblocks, and give you valuable advice.