So we are keen to sell and move (in west Auckland)
do we sell and hope to find something real quick ?
what is the best way to do it as most houses have auctions and to buy at a auction you must have the money ??

bemma1 - 2021-04-11 13:31:00

bemma1 wrote:

So we are keen to sell and move (in west Auckland)
do we sell and hope to find something real quick ?
what is the best way to do it as most houses have auctions and to buy at a auction you must have the money ??

Or, the promise of money.

johnston - 2021-04-11 13:48:00

Easy to get stuck either way.
Even if the market was a bit cooler and you could buy subject to the sale of your house - can still lose if your house doesn't sell fast enough.
I would prefer to have enough money to buy first then sell. If you have a realistic idea of your house value and a willing bank - it is possible.
But most people would need to sell first.

pcle - 2021-04-11 15:06:00

bemma1 wrote:

So we are keen to sell and move (in west Auckland)
do we sell and hope to find something real quick ?
what is the best way to do it as most houses have auctions and to buy at a auction you must have the money ??

i don't know your situation, but if your house is fully paid off, maybe you could borrow against it to buy a new place and then sell to pay it off? If it doesn't sell immediately, you could put tenants in and use the rent to help you to pay it off? I think finding what you want for the right price would be harder than selling your place-as anything would sell for the right price, while you might not be able to find what you want fast enough. I know someone who was looking for 2 years till they found what they liked. They then moved there and sold their place quickly-all this happening in Auckland. selling and just sitting with cash for even a year might devalue your money-plus you might be tempted to use it for paying rent while you are looking-not ideal... In any case -good luck!

Edited by evoalg at 2:52 pm, Tue 13 Apr

evoalg - 2021-04-13 14:50:00