Buying and Selling at the same time? – Reminder of some elements to consider

I just had friends/clients with a home to sell and the hopes to make a lateral buy ask me about timing and "to repair / or not…to repair?" For others in the same situation, here's my response.  Glad to hear any comments.

There are a lot of moving parts, of course. When thinking of timing of sale and whether or not to repair, at least the following are relevant to consider in terms of cost/value:

-the quality of the market for sellers/buyers; you’ll be both (currently a seller’s advantage)

-any hurdles to selling (condition, location, etc) that a seller's advantage market will assist in leaping?

-disruption to the family unit (would you move 2x?)

-cost v value of repairs (I’m guessing I’ll suggest painting only; not roof and/or windows).

-cash flow

-cost of money for you as buyers (assuming you'll get a loan)

Posted on July 24, 2012 at 7:25 pm
Michael Doyle | Category: Uncategorized | Tagged , ,

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