Loan Market

6 Let’s weigh up the options. Selling first Buying first Don’t stress too much on the finance side of things. This is where a Loan Market broker comes in handy. They can help you find the funds to cover your deposit or maybe rent for a few weeks. Selling first Buying first Positives • You’ll be aware of how much you have to spend on your next home so that it is in budget • You can move straight into your new home, so you’ll only need to move once and you won’t have the stress of having to rent in-between homes Negatives • Might end up without a home to live in if you can’t find a house to buy soon after yours is sold • May mean you have to rent/ move in with family and put your belongings in storage which can be frustrating and expensive • Shifts in the market may mean that you lose out on money • You’ll need to finance the deposit of your new home through a bridging loan or deposit bond • You might overestimate the value of your current home, which means you might end up purchasing a home that is more expensive than you can afford when your sale settles So you’re looking to purchase your new home and you might be wondering whether it is more beneficial to buy a property before you sell, or vice versa? Well we have broken down the options for you: VS