Do I need to sell first in order to buy?

The real estate advisor will ask you a series of critical questions during the initial meeting to advise you on, depending on your situation, what is the best way to do the operation. So that you are prepared, I share some examples:

• Do you want to buy another property with the money you'll get from this one?
• Do you know how much money you will have left after deducting the expenses involved in the transaction?
• Do you need to negotiate more time for the delivery of keys once sold?

The real estate agent must have the exact information of your situation because the good result of the operation depends on this. Remember that the work ends once the two procedures have been carried out, both for sale and purchase. You don't want to have to leave the home you sold without first buying another.

If you do not have the entire capital for purchasing your new house (without having sold the current one), and you find the ideal property to buy, ask your real estate advisor to help you add a condition in the offer of the new one. Also, specify in the purchase-sale contract that the acquisition of the property depends on selling the current one.

Remember that you need a professional advisor who is committed to successfully managing both operations.

Lars Polegato

Lars is a real estate agent in the city of Santa Cruz de Tenerife, with years of work experience in the sector, where LPC Collective has developed commercial strategies to promote the purchase and sale of properties.