A question we’re often asked is: Do I need to have sold my house before I offer on another?
The answer is no – but there are some strong reasons why it might be the smart move. Let’s explain.
As you might know, selling a home can take time (even with the very best estate agent on your side). But most people want to move as quickly and smoothly as possible.
So, if a seller has multiple offers on the table, they’ll often favour a buyer who is in a position to move without delay.
This is known as being a proceedable buyer – someone ready and able to progress with the purchase. Here’s how it usually works:
1. Buyers who have already sold their home
These are the most proceedable buyers. They're seen as serious, committed, and ready to go. Sellers are more likely to accept their offers.
2. Buyers whose home is on the market
They’re partway there – better than not being on the market at all, but still behind those who’ve already completed their sale.
3. Buyers whose home isn’t yet on the market
These buyers are typically less attractive to sellers, especially in competitive markets like Stockport.
(Other proceedable types include first-time buyers and cash buyers.)
Why selling first can give you the edge
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You’ll be taken more seriously by sellers.
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You’ll have a clearer idea of your budget.
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You may be able to move faster than competing buyers.
All of which can tip the scales in your favour during negotiations.
What happens if you haven’t sold yet?
You can still make an offer, even if your home isn’t on the market – but be aware, you may not be a seller’s first choice.
That doesn’t mean it’s impossible, though. To show you’re serious:
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Know your finances and what you can afford.
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Be clear about what you're looking for.
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Move quickly to list your current home.
At Spencer Harvey, we’re here to help.
We offer free market appraisals and expert advice to get your property sold and get you moving.
Get in touch with our team today.
Found this article helpful? Feel free to share it with someone you know who’s looking to move in Stockport.