Sell or Buy First - That Was the Second Question

Sell or Buy First - That Was the Second Question

The guy on the right is one of my oldest friends, his name is Brian and we’ve known each other since 1st grade. His first question came earlier this year, when he proposed to his fiancé. Soon after they decided it was time to buy a home together in Long Island.

His next big question was to me: Should they sell or buy first?

Given the local market — we knew his home would sell quickly and the homes he would want to buy would be highly competitive — the answer was clear: Buy first.

Brian and his fiancé started to attend open houses, explore neighborhoods, and familiarizing themselves with local inventory and prices. Meanwhile, we prepared his home for sale, took professional photography, created a marketing plan, and had ongoing discussions about the right asking price.

After losing out on a few bidding wars, they finally had an offer accepted.

We listed Brian’s home immediately, and within a week, he had 23 offers to choose from (more on that process in an upcoming newsletter). Last Wednesday, he closed on the sale, and the very next day, he closed on the purchase of his new home with his fiancé - Congratulations Brian and Tanya! ????

Ralph’s Take

If you're unsure whether to sell or buy first, let's schedule a quick call. Brian was fortunate to secure his new home before selling, but every market is different, and activity can vary across price ranges. I would be happy to review your situation and provide the information you need to simplify the process and make the most informed decision possible.