It’s not for everyone, but the opportunity to rent between properties fills this gap, and can make financial sense as well as providing flexibility for those who are prepared to consider a short-term extra move. Here are the two problem scenarios interim renting solves:

1. You put your own property on the market, and look around for a new one. Inevitably your dream home just happens to be on the market and you’d like to buy it. But without first having sold your own you are not in a position to do so. But you make an offer anyway, in the hope that you’ll find a buyer soon. However as you are not in a strong position, the seller may not accept your offer, unless you offer the asking price, or even more. You then find yourself having to accept a low offer on your own sale in order to sell fast enough to secure your onward purchase. You end up buying high and selling low, thereby losing out financially at both ends.

2. You put your own property on the market, and quickly find a buyer, but have not yet found a suitable onward purchase. As you can’t effectively deliver until you have found somewhere, you potentially stand to lose your buyer, who can’t wait. Your property then remains on the market and risks “going stale” thereby losing value as time goes on.

Interim renting solves both these problems. By finding a buyer first, you can hold out for a higher price as there is no pressure on you to purchase, and no upward chain. Then from a position of strength in a rented property you’ll be one of the hottest buyers on the market and more likely to be able to secure the pick of the new properties to market, possibly at a lower price too, as you’ll be regarded as a strong buyer with no downward chain. Your “premium buyer” status may also mean that estate agents will offer you properties that are not on the open market, thereby expanding your choice of new home.

Interim renting is a win-win solution – so why not call us on 01248724040 to find out how it can work for you too.

© Copyright 2019 Williams & Goodwin The Property People Ltd

Even if terms are agreed, then what? You end up being forced to sell quickly, possibly at a low figure, so that you don’t lose your new property. Annoyingly, once a property goes under offer, everyone seems to want it!

The difference between your expensive purchase and cheap sale could cost you as much as 20% more than the cost of a move in more controlled circumstances.

So be cool. Sell from a position of strength, and buy using the power of cash. A proceedable purchaser is a joy to the ears of an estate agent and you might even be offered “off market” properties of which other buyers are unaware.

As for that dream home – isn’t it rather a coincidence that the perfect property just happens to be on the market at the precise moment you are looking? There is always another one around the corner, and it may even be better! And if you don’t find a suitable property in time, then you are hardly likely to be homeless, as nobody is going to force you to sell until you are ready – it is entirely your decision.

We aim to reduce the pressure of moving for our clients in many ways, but our answer to the chicken and egg scenario is emphatic …the chicken!

Please feel free to contact us on 01248 751000. You’ll get straight-talking good advice and we should be able to give you an idea on the spot of how long it should take to get you moving.

One of the problems is that most people have only a cursory idea of what estate agents actually do and, just as importantly, the values they cherish and what service they offer. Ironically, it tends to be the cheaper, untrained or inexperienced agents who quote the highest values, yet it is the well-trained, experienced agents who have the skills to secure the best prices for their clients in the most convenient timescale.

So when selecting your estate agent, by all means invite several to comment on value, but then choose the agent who demonstrates mastery, and who actually has a marketing plan in place, along with superb post-offer follow-up facilities.

Additionally, find an agent that you like! One who has the integrity to offer straight-talking advice and who uses superb communication skills to keep you informed every step of the way, before, during and after the sale, thereby minimising the stress of moving.

In estate agency, a high valuation does not necessarily mean you’ll get more for your property, nor does it indicate a high-value service! The agent you rate most highly will probably also be the one who suggests the correct asking price.