PHOTO: MATT CARDY/GETTY IMAGES When it comes to selling first or buying first, there’s no right or wrong way to tackle it, but you need to think carefully about your appetite for risk.
Our family has lived in our home for nine years now. Our kids are approaching their teens and we’d like to move somewhere with more room so they can have their friends over but where we can also have some kid-free space. We’re not sure about the best way to go about this. Do we sell our current property first and rent while we look for a new place, or do we buy first and then try to find a buyer for our house?
Buying or selling a property can be stressful no matter which way you look at it. After nine years in your current house, you may feel a bit like first-home buyers all over again. Things have changed in that time and our new website settled.govt.nz provides a wealth of information for buyers and sellers of real estate. It includes a property checker tool to ensure you know as much about the house you’re about to buy as you do about the one you’ve lived in for the past nine years – the good and the not so good.
Buying your second (or subsequent) house often isn’t much easier than your first – and looking to sell your property at the same time adds another layer of complexity. Buying and selling can take a lot of time out of your life, so the best thing you can do to prepare is to make a plan.
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