selling and buying queries

zebedy

Hi,

i am thinking about selling my flat and buying a house in the same area.
I'm a bit confused about what order I should do things in.

Do I put my flat on the market and then start looking for a house - running the risk that any offer on my flat couldn't proceed until i've found a house (or vice versa).

Also I'm not sure about getting a "mortgage agreed in principle" - can they do this without me knowing exactly how much i will want to borrow as I won't know that until i find the place I want to buy.

Any thoughts? I've already read the house buying and selling money saving tips and have found them very useful

princessamy86

It's usual to put your house on the market and then have a look round to see what you like. You're spot on about offers not being able to proceed, but most buyers will wait a few weeks for a vendor to find somewhere to move to, and if you've already had a look you will have a better idea of what you like. Vendors will sometimes not even show people round unless they have their property on the market, and on the flipside would you want to show someone round who didn't have their property on the market?

You can definitely get a mortgage AIP before you have made the decision on the property, it just gets adjusted when you actually find somewhere and sign up to a deal.

pie81

what princessamy86 said. We found we were not taken seriously as viewers by EAs until we had our place on the market, and it was made clear to us that we needed to get our place under offer before any offer we made on a new place would be acceptable.