How to Buy and Sell Property at the Same Time
06 September 2019 Written by James & George CollieHow to Buy and Sell Property at the Same Time

buy or sell your house in aberdeen james and george collie

Finding yourself in a property chain can present a range of problems when you're looking to move. Ideally, you would be able to sell your home quickly but then have all the time you need to identify your new home while your buyer patiently waits until you are ready to move. Unfortunately, this is rarely the case, and you'll likely find yourself in a chain which can cause stress and frustration. Here, our property team offer advice to help ensure that your move goes smoothly.

Review Your Finances

A crucial first step is to take stock of your finances before you decide to sell. Selling a property will incur numerous costs, from advertising your home to commissioning home reports, which can quickly add up. You should speak with your mortgage advisor to find out how much you have left to pay as you will need to pay the outstanding figure or transfer the mortgage to your new property. You can also find out what additional funds you will be able to borrow and add to your current mortgage.  On request, we can put you in touch with a professional mortgage advisor who can assist you.

Have Your Property Valued

Before advertising your home, you must know how much you should be asking for it. Speak to our estate agency team in order to get a professional opinion on your home's worth. You should also remember that buyers will often try to negotiate on the price so you should mark up the valuation initially.

 James & George Collie’s estate agency team can offer a free, no-obligation valuation service and a clear, itemised fee quote from the earliest stage. We can also assist in advertising your property and work alongside our property solicitors to ensure your transaction goes smoothly.

Prepare Your Home for Sale

It is vital that you take the time to present your home appropriately to attract potential buyers. Any repairs or maintenance should be carried out before viewings begin and you should ensure that your property is in the best possible condition to create the best first impression, as well as to add value. Remember to factor in any costs when reviewing your finances.

Instruct an Experienced Property Solicitor

Having the support of a skilled and experienced team of property solicitors is essential when it comes to dealing with the paperwork and red tape that comes with selling and buying property. The conveyancing solicitors at James & George Collie will negotiate with the seller’s representatives and draft a contract of sale, as well as carrying out numerous property searches on your new home before missives are concluded. We will be on hand to answer any questions you may have and keep you up to date throughout your sale or purchase.

Contact Our Residential Property Solicitors Based in Aberdeen and Stonehaven Today

For comprehensive advice and support on all matters relating to the sale or purchase of residential property, please speak to one of our Residential Property team today by calling 01224 581581 or completing our online enquiry form.

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