Selling your house to buy another - timeline

Calico

Registered User
Messages
432
Hi,

I am thinking of putting the apartment I live in on the market which is down the country so I can try to buy something in Dublin. I have absolutely no idea how the whole buying/selling houses works and I'm just wondering how the process works?

I suppose the first thing to do is have in place any mortgage finance that is needed before doing anything. Then obviously, put your residence on the market. Thing is, what happens if you get a buyer but haven't found the right property you want to move to? I guess this is a problem we all face, but as a rule, can you accept an offer and withdraw within a certain time period if you can't find a place to move to? Similarly, if you find a place you like, can you make an offer before you have a sale on your current residence?

Facile questions I know - obviously you have to find a buyer AND a place to buy. Just wondering, what people's experiences have been.
 
Hi,

Not sure if my input is any use, but im a FTB which with this market at present trying to find any buyer can be difficult, I am currently waiting to buy my first property but as im holding on and getting false information and time delays I think I will just pull out as im getting annoyed and theres plenty of other properties to choose from

Example if your house is on the market and you sale agree you need to sell your house asap in order to keep the FTB or buyer interested, if there is major time delays or any delays as you haven't found your new home to move into well then you face the fact that you might not sell you house at all and if you do the next Sale agreed may be a lot lower than the first, that's the way there market has gone
"It's a Buyers market, house prices has dropped 0.7% in the past three months alone...