Selling your home and buying a new one
The process of selling your home and buying a new one at the same time can feel daunting and complex. You might be worried about getting stuck in a chain of house sales or finding the best estate agent to look after the sale of your home.
We have answered some of the most common questions asked about the process of selling and buying a new home, with the goal of making your next move as smooth as possible.
If you are reading this, chances are you are considering buying a new home. With reputable housebuilders AJC, Dandara, CALA and Malcolm Allan all offering a range of housetypes, Grandhome has something for everyone and offers the best of city and country living.
Should I sell my house before buying a new one?
The best advice is to sell your existing house before you buy a new home. Remember that selling doesn’t mean moving out of your home, it really means accepting an offer from a buyer. Therefore, by selling your home before buying a new one, you are actually accepting an offer, but the sale of your property will be complete when you purchase a new home.
This is not the only way to sell a house and buy a new one, the right decision for you might be different so you should always seek professional advice.
If I sell my home first, can this improve my prospects of buying the home I want?
As a buyer, you will be more attractive if you sell your home first. Approaching an agent when you have already sold your house shows that you are ready and motivated to move. It would be in an agent’s interest to show you a home before others who might be in a different situation.
How long is it likely to take me to sell my home and buy a new one?
There will be differences in each case of selling a home and buying a new one and you can’t control the entire process, but there are some things you can do to speed up the process and make sure it plays in your favour.
By beginning to look at new properties early, you can start a checklist and shortlist local areas or housebuilders that you have your eye on. This will mean that when your home does sell and you want to move, you have already done the background research.
Knowing the area you want to buy in will help you narrow down options. If you are looking to downsize and make the most of country living, why not look for an apartment at Grandhome, making the most of the countryside on your doorstep, yet still a stone’s throw away from the city centre. Malcolm Allan Housebuilders, Dandara and AJC all offer one to three bedroom apartments at Grandhome. If you are looking to scale up with more rooms for a growing family, visitors or a home office, then Grandhome’s house builders offer a range of 2, 3, 4 and 5 bedroom homes and apartments.
Once you have found the home you think is right for you, do a financial check and see if the move would be financially viable. It is a good idea to have a conversation with a trusted mortgage broker at this point. Being organised and knowing what you have to work with can speed up the buying and selling process.
You can also save time during the process by making use of Part Exchange services, something that CALA Homes offers on many of its properties. With Part Exchange, the house builder will purchase the existing property to allow you to move chain-free into your new home and removes estate agent fees. Interested in buying a CALA home? Get in touch with the sales team to find out if Part Exchange would work for you: https://www.cala.co.uk/contact-us/
Meeting with the sales team at any of the housebuilders at Grandhome is the best step for helping you realise the incentives like Part Exchange that may be available to you, to help you make the move.
I’m not familiar with the new build buying process, do you have a guide?
We have a guide on the website that outlines the process of buying a new build home for the first time. There are many advantages of buying a new build home, which you can find in the guide.
I’ve gone to market and received an offer. What are my immediate next steps?
Congratulations, you have taken a huge step in the process of buying your next home. Once you’ve received all your offers and accepted the best fit, it’s time to let you solicitor take over and manage the rest of the house sale process for you. They will be responsible for exchanging contracts and negotiating a date for you to move out. Your solicitor will know your position inside out and will ensure that you aren’t kicked out before you buy your next home!
Your next steps are actively look for a new home to buy. Tell agents or housebuilders that you are ready to move and make an offer. Hopefully, all the steps leading up to this point have helped you find your dream home. It is time for you to make an offer and negotiate a date to move into your brand-new home.
Want to make your next home a Grandhome home? Contact the sales teams to book viewings, find your perfect home and check out the incentives available to you to help you make the move.
About Grandhome
Haven’t heard about us just yet? Grandhome is a sought-after community in Bridge of Don, Aberdeenshire. Situated just a few miles outside of Aberdeen city centre makes Grandhome the perfect location for commuters and families. There are a range of new build homes for sale. Get in contact if you would like to learn more about Grandhome.