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Should you buy or sell first?
Should you buy or sell first?
Some of the many reasons for wanting to move include: downsizing; family growing; and, relocating. 
The key to your decision on whether you should sell or buy first is planning ahead and we’ll help you explore your options.

For those that don’t have the financial ability to temporarily carry two properties, the options will be limited.
Option #1            Buy first with interim or bridge financing
Getting into an accepted offer on a new home without a subject-to-sale clause can be very costly and is not recommended unless you have made the necessary financing arrangements for the interim.
Arranging temporary funds will allow a seller with an unsold home to proceed with a purchase. This means that they will have the flexibility to move over the period of time between the possession dates of both properties, which can also be used for renovations.
The most important consideration here is that the seller must have a home that is marketable and being reasonably marketed, otherwise carrying two properties could start to get very expensive, especially if the market declines.
Occasionally a short possession date for a new home can be negotiated on behalf of a seller ... more

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