12th April 2023 / Sarah Lowry: Back to Basics - Tips for Buying and Selling Real Estate

With the ever-changing state of the real estate market, it can be difficult to decide between selling your current home first or finding a new one and then navigating when to put yours on the market. Considering both your financial situation as well as individual circumstances is key in making an informed decision that will benefit you best while taking advantage of any potential opportunities present in today's marketplace.

Here are some tips and tricks to look out for if you are thinking of buying or selling:

Do Your Research

To ensure success in the property market, it is essential to undertake comprehensive research. Establish a clear understanding of recent sales figures and median prices for properties within your desired locality – along with any current trends at play. This will give you an advantage when buying or selling real estate.

Understand the Selling Process

If you plan to sell your property, understand the selling process and what fees and costs are involved. Your Fletchers agent will help you with the process.

Set a Realistic Budget

Determine your budget before you start looking for a new property. It is important to be realistic about what you can afford and avoid overstretching yourself financially.

Consider the Location

Identifying a new property? Make sure to consider neighbourhoods that boast modern infrastructure, convenient public transport connections and ready access to important amenities such as schools, stores and healthcare facilities.

Pre-Approval

Secure pre-approval from your lender before you start your property search. This can help you determine your budget and give you an advantage when making an offer.

Be Patient

The real estate market can be competitive, and it may take time to find the right property or to sell your existing home. Be patient and take your time to make informed decisions.

Consider a Buyer's Agent

A buyer's agent can help you find the right property at the right price, negotiate with sellers, and guide you through the buying process.

Market Cycles

The real estate market can be cyclical, with periods of growth and decline. It's important that both buyers and sellers stay informed on market cycles which drive changes in prices and rates of sale. Be prepared for these fluctuations so you're able to make smart decisions around your investments!

Please don't hesitate to reach out to your local Fletchers agent for specific advice tailored to your property situation.