Buy or Sell - which to do first?

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You know the analogy - ‘which came first, the chicken or the egg?’. Many homeowners are caught in a dilemma when determining if they should sell their home before they buy another or buy a new home and then worry about selling.

Here are a few factors that can impact your decision:

1) What is your ultimate goal - You need to understand the end game and how much you can afford based on what your ultimate goal is.

2) How much do you expect to sell for - Selling your property first allows you to take the guesswork out of how much you’ll make from the sale.

3) How much do you want to hold back - Factoring in how much you want to keep back for investing or putting towards your next down payment will help when deciding the purchase price of your next property.

Although not a clear-cut answer, bringing in a team of experts and consultants can help you determine the right decision for you and your family.

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