Tips for preparing to sell and buy a new home13 Sep 2023

If you’re considering moving home, either to upsize or downsize, or you’re considering buying a second home, the current New Zealand housing market may present some opportunities.

Here are our tips to help you prepare to sell your existing home, and buy a new home or investment property:

Evaluate your finances
Working within your budget, conduct a thorough assessment of your financial situation and the potential cost of moving. Factor in things like removal costs, legal fees, mortgage break fees (if applicable), and any other costs that may be incurred when selling and buying.

Engage a real estate sales consultant
Hiring a real estate sales consultant who understands the local market can be invaluable. A real estate agent can help you navigate the selling process – including pricing your property competitively, marketing it to maximise exposure, and staging it to showcase it at its best.

Get your home market-ready
To maximise its appeal to potential buyers, address any necessary repairs or maintenance tasks, and consider having your home staged to sell. A well-presented home often demands a higher sale price and can attract more buyers.

Get pre-approved for a new mortgage
Before you start looking for a new home, get mortgage pre-approval. That way you’ll know how much you can spend, and having pre-approved finance can give you a competitive edge when it comes to making an offer.

Be flexible and patient
Buying and selling a home can be a complex and unpredictable process. Be prepared to be patient and flexible during negotiations and keep your priorities top of mind when making important decisions.