Rob Smashnuk

Should you buy a home first or sell your old one? That’s a million dollar question and a pretty stressful one at that. Buying a property involves investing nearly all your savings. How do you invest before you sell if you don’t have enough saved up for your down payment? What if you find the home of your dreams before you sell?

Real estate and finance experts say that buying and selling involve a good deal of research and a clear understanding of all the pros and cons involved. The upside of selling first is that you will
be able to budget better. If you have the money in your hands, you can plan with purpose. However, if you face challenges selling your home but find just the one you were looking for at the budget you had in mind, does it make better sense to buy first? Let real estate expert in Edmonton, Rob Smashnuk from Remax, guide you.

4 Reasons Why You Should Buy a Home Before Selling

1. When you find your dream home: It is not uncommon to walk into a home and find everything you ever wanted inside. Sometimes you need to make the decision in a flash. If there are multiple buyers interested, it’s best to jump in and snap it up. It’s rare to find all you want under one roof. Why take a chance and lose it? You might regret the decision for the rest of your life.

2. When the home is within your budget: It’s hard to find your dream home within your budget or at a cost that you never thought possible. When you find such a home, you may as well take it. If you sit on it, chances are you will lose it to another buyer.

3. When it’s a sellers’ market: If it’s a good time for sellers, you may as well buy your home first if you find what you are looking for. You are assured of selling it quickly so why sit on it?

4. When you have enough savings to invest: If you have a large sum of money stacked away or are in a position to afford two mortgages, go for it. This is also possible when you have regular rental income from your current home that pays off your mortgage. Do your maths, assess the market, consult a real estate professional on the situation of home selling in your neighbourhood. If all looks promising, consult an experienced real estate agent and buy your dream home. You are lucky to be in such a position. Make the best of it!

Buying a Home in Edmonton? Call Rob Smashnuk Remax for Help

It can take hours to look through listings to figure out the right homes for you. If you are ready to invest, give me a call.

I can help you navigate the confusing landscape of Edmonton real estate market. I have the experience, education, and enthusiasm that’s needed to help you make the best decision possible in the neighbourhood of your choice. I have valuable connections in the Edmonton real estate industry with connections to the best mortgage brokers, real estate lawyers and home inspectors to work with and protect your investment. From negotiation to purchase, I will save you time and money and most importantly, help you get complete peace of mind, knowing you made the best possible choice. Give me a call. I look forward to discussing more with you.