There are a million different reasons why people sell their homes, but every seller has one thing in common: the desire to get as much money as possible from their existing property as quickly and as hassle-free as possible. (If your home is your principal residence, there is no capital gains tax on any profits from the sale. On the other hand, if it is an investment property, prepare for the tax man!)

Before you begin the selling process, evaluate why you’re moving. Do you have too few rooms, or too many? Has your job moved to another city and you’re relocating? Are the neighbours driving you away? Or are you simply looking for a change? A complete analysis of your current position will set a good foundation for your next home hunt.

Buy or Sell First?

Buy or sell first? That’s tricky. After all, if you find a buyer for your existing home, before you’ve found a new one, you may find yourself living out of a suitcase if convenient closing dates cannot be negotiated. On the other hand, if you find your dream home before you’ve unloaded your old one, you may be faced with carrying two mortgages for a time frame.

So how do you manage? Easy. Do your homework and have a good idea about the neighbourhood and type of home you’re looking for. Do an honest evaluation of your family’s needs and budget. Buying a home before you sell could be a risky strategy, if you’re counting on the proceeds from the sale. Contact LU to meet & discuss everything in detail.

“List with LU…& call to VIEW!”

Phone Consultation

LU is here to help YOU...Let's chat!

Duration: 30 min