Brendan Burgess
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A very good article in the Irish Times by Joanne Hunt
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www.irishtimes.com
Here is a summary of the advice to make sure that the sale of your home goes smoothly and that you are not one of the 20% of sale agreeds which falls through and that you can complete the purchase of your new home.
Prepare well in advance
Make sure that there is a selection of houses within your price range that you want to move to. Searching for an unattainable house will make the gap very long.
Ask your solicitor to get your deeds from the bank and make sure that everything is in order, so that when you go sale agreed on your own home, your solicitor can issue contracts within 48 hours. A quick turnaround gives your buyer less time to change their mind.
Hire your own surveyor to do a survey. This will identify any problems which you can put right before you sell it. This reduces the chance of a sale falling through when your buyer's surveyor finds the problem.
Before you buy the new house you will require insurance before the mortgage is drawn down. Get an online quote for the new property to make sure that subsidence cover and flood cover is in place.
Apply for mortgage protection when you apply for the mortgage just in case anything happens to delay it such as the requirement for a medical certificate.
How to sell your old house and buy a new one at the same time
Making a seamless transition from old to new home is the holy grail for house traders
Here is a summary of the advice to make sure that the sale of your home goes smoothly and that you are not one of the 20% of sale agreeds which falls through and that you can complete the purchase of your new home.
Prepare well in advance
Make sure that there is a selection of houses within your price range that you want to move to. Searching for an unattainable house will make the gap very long.
Ask your solicitor to get your deeds from the bank and make sure that everything is in order, so that when you go sale agreed on your own home, your solicitor can issue contracts within 48 hours. A quick turnaround gives your buyer less time to change their mind.
Hire your own surveyor to do a survey. This will identify any problems which you can put right before you sell it. This reduces the chance of a sale falling through when your buyer's surveyor finds the problem.
Before you buy the new house you will require insurance before the mortgage is drawn down. Get an online quote for the new property to make sure that subsidence cover and flood cover is in place.
Apply for mortgage protection when you apply for the mortgage just in case anything happens to delay it such as the requirement for a medical certificate.