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LJ Hooker Double Bay

6/710 New South Head Road, ROSE BAY NSW 2029

Ph: (02) 9185 2816

admin@ljhdoublebay.com

Trading Hours

Weekdays: 8.30am - 5:30pm

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Bundle Sell & Buy with LJ Hooker Double Bay

How to Bundle Selling & Buying a Property

Buying and selling homes can be a nerve-wracking experience, especially when dealing with concerns like bridging finance, uncertainty in selling one's property after purchasing, or the worry of not having a new place to move to if selling first. However, at LJ Hooker Double Bay, we offer a unique solution to ease these worries.

Our setup revolves around a centralized network-wide database, empowering our team of real estate agents to directly promote properties to highly interested buyers. Moreover, we excel at connecting buyers with homeowners who are open to selling their properties at the right price.

When you choose to work with us, we streamline the process of buying and selling by combining our data-sharing capabilities and fostering collaboration among our teams across NSW. This way, we strive to achieve the best possible outcomes for our clients.

With LJ Hooker Double Bay, you can rest assured that our team of real estate agents is dedicated to making your buying and selling journey as stress-free as possible. Let us handle the complexities, so you can focus on finding your dream home or securing the best deal for your property.

Speak to one of our sales experts today

Pros and cons of selling before buying

Selling your home first can be a logical choice based on your financial situation and the urgency of your next property purchase, although it's important to acknowledge potential drawbacks as well.

Understanding your purchasing power allows you to know how much money is available for your next home, with funds becoming readily available after settlement on your previous property, avoiding the need to rush the sale and maintaining two mortgages, potentially reducing stress levels, eliminating the need for a bridging loan, and making cash offers more appealing to vendors in a competitive market.

On the other hand, there is a possibility of rising property prices between the time of selling and buying, which may result in higher costs for purchasing your new home than initially anticipated. Additionally, you may incur rental expenses and the inconvenience of moving twice within a relatively short period of time.

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Pros and cons of buying before selling

Buying before selling is typically considered a riskier approach, but it can be a viable option, especially if you have substantial equity or available cash, and bridging finance may be a suitable solution to facilitate the purchase.

By buying a property earlier in a market with rising house prices, you have the potential to maximize your investment as property values increase, and you can also benefit from higher sale proceeds when you eventually sell. Additionally, buying before selling allows you to avoid the inconvenience and cost of renting or moving multiple times. Furthermore, if you have substantial usable equity in your current home, you can leverage it to secure financing for your new purchase.

On the other hand, to access a bridging loan or secure additional financing, it is important to have a significant equity stake of around 50% in your existing home, and careful financial planning is necessary to manage the obligations of multiple loans. Moreover, if you require borrowing 80% or more of the property's value, having a cash deposit of 5-10% is essential since the sale of your current property is pending, and the pressure to sell promptly might lead to accepting offers at lower prices.

Everything you need along the way

How to stage your home for sale

Stage Your Home to Sell

Whether you are listing a small apartment or a stately mansion, knowing how to stage your home to sell is essential to win over prospective buyers. It might sound like added work or expense, but it can make a significant difference – adding an estimated 5 to 10 per cent to the final sale price. Moreover, if money isn't incentive enough, research shows that staged homes tend to spend less time on the market.
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10 Tips For Selling Your Home in Winter

When it comes to selling a home, there is a common understanding that winter isn’t the ideal time to go to market. Think cold days, dark afternoons, rainy weather and lacklustre looking gardens. However, it’s important to remember that people look for property to buy at all times of the year. With this in mind, there are even benefits to selling a house in winter. 
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