Real estate dilemma: Buy or sell first?

Are you facing the real estate dilemma of whether to buy or sell first? In this video, we'll explore the pros and cons to help you make the right decision for your situation. Contact me here at 613-222-1633 and we'll discuss your situation.
!Today we’re tackling a big question for homeowners in today’s market condition—should you sell your current home before buying a new one? With the Ottawa real estate market stabilizing and interest rates remain higher than we’ve seen in recent years, this decision is more crucial than ever. Let’s dive into the pros and cons of each approach to help you make an informed choice.First, let’s consider selling your home before buying a new one. The biggest advantage here is financial security. By selling first, you’ll know exactly how much money you have to spend on your next home, potentially avoiding the stress of bridging finance or carrying two mortgages. This is particularly important in a normalized market where the selling prices are a little more predictable. Hello and welcome, everyone! Today we’re tackling a big question for homeowners in today’s market condition—should you sell your current home before buying a new one? With the Ottawa real estate market stabilizing and interest rates remain higher than we’ve seen in recent years, this decision is more crucial than ever. Let’s dive into the pros and cons of each approach to help you make an informed choice. First, let’s consider selling your home before buying a new one. The biggest advantage here is financial security. By selling first, you’ll know exactly how much money you have to spend on your next home, potentially avoiding the stress of bridging finance or carrying two mortgages. This is particularly important in a normalized market where the selling prices are a little more predictable. Selling first also means you won’t be rushed into buying a new home that might not meet all your criteria. You have the flexibility to rent temporarily if necessary, which gives you ample time to find the perfect property without the pressure of a looming sale deadline. On the other hand, buying first can have its perks, especially if you find your dream home and worry it might slip away. In a market where interest rates are higher, locking in a price on your new home before rates climb further could be a financial win in the long run. However, this strategy requires careful financial planning. You’ll need to be prepared to manage potentially overlapping mortgages, or secure financing options that allow you comfortable leeway. This is where speaking to your mortgage broker can really pay off. Both strategies have their merits, but the best choice depends on your personal situation, financial stability, and risk tolerance. I Whether you’re buying, selling, or both, I’ll ensure your real estate decisions are informed, strategic, and aligned with your long-term goals. Let’s navigate this market together and make your next move a success! 613-222-1633 Your next real estate plan can start with a simple conversation, OH & Don’t forget to give me a like and subscribe for more helpful real estate advice. Selling first also means you won’t be rushed into buying a new home that might not meet all your criteria. You have the flexibility to rent temporarily if necessary, which gives you ample time to find the perfect property without the pressure of a looming sale deadline. On the other hand, buying first can have its perks, especially if you find your dream home and worry it might slip away. In a market where interest rates are higher, locking in a price on your new home before rates climb further could be a financial win in the long run. However, this strategy requires careful financial planning. You’ll need to be prepared to manage potentially overlapping mortgages, or secure financing options that allow you comfortable leeway. This is where speaking to your mortgage broker can really pay off. Both strategies have their merits, but the best choice depends on your personal situation, financial stability, and risk tolerance. I Whether you’re buying, selling, or both, I’ll ensure your real estate decisions are informed, strategic, and aligned with your long-term goals. Let’s navigate this market together and make your next move a success!" ****613-222-1633 Your next real estate plan can start with a simple conversation, OH & Don’t forget to give me a like and subscribe for more helpful real estate advice.