Have you? would you wish to pay over the market price in a bidding race? Would you want the recurring disappointment of missing that ideal property because you hadn’t sold your own? or that there will be a hold up in the chain and so many others were chasing the property you wanted?
No, now you have time to reflect and prices are at more realistic levels, in fact you have lost nothing. Although the value of your property may be lower now than a year ago, so will that of the property you want to buy and the margin of difference should not have changed. In other words, if there was 20% difference previously, as long as that remains unchanged, you will be no worse off.
However, it is still a good idea to put your property on the market first and to secure a good buyer. There is many ‘a slip’ between agreeing a sale and being ready to sign a contract for a purchase and the better you are able to iron out these problems, the more likely you will be, to be able to secure that ideal purchase.
Kelvin Francis was born in Birmingham, but brought up in Cardiff. He attended Cardiff High School and then qualified as a Chartered Surveyor. He worked in Wrexham with the District Valuer (part of the Inland Revenue) and subsequently moved into Estate Agency, working in Abingdon, Cheltenham and Cardiff. In 1978 he opened his own office in Cyncoed, Cardiff and has been in that practice for 44 years. He has two daughters and three grandchildren. He is actively involved in the business and believes in both modern technology for improved efficiency, but passionately believes in the importance of personal service and to achieve this, to work with highest quality of colleagues.