Why Heading to the Panic Stations Never Works
As the army is put on standby to ease the fuel crisis caused by panic buying, I was reminded how buying in a rush is never a great idea. And following the crowd is often the worst thing you can do. Afterall, how many will fill their tanks at inflated prices, wasting hours in a queue, when if they just waited a few days things
would probably be back to normal!
Both things can apply to purchasing a new home – with similar frustrating outcomes for all involved.
Rushing in
I’ve lost count of the number of times I’ve seen a person make an offer on a home before their own was even up for sale.
This is the wrong way of doing things.
Finding your dream home before your current one is sold (subject to contract of course) leaves yourself open to losing money, for starters.
This is because you may end up paying more for your desired abode and feel pressured to accept less for your current one. After all, you’ve committed by making an offer.
This can leave home sellers thousands of pounds out of pocket.
Following the crowd
Unlike panic buying on a forecourt, the intelligent thing to do is get your property sold first.
By doing this, you are in a much stronger position to make offers on properties and control what happens. Unlike what’s going on at petrol stations around the country, you’ll be in the driver’s seat.
A serious buyer will always be willing to wait a reasonable amount of time for you to find an onward home. So no-one is going to end up on the streets.
We always share this advice with our franchisees, and they, in turn, pass it on to the people they are working for and with.
It’s this sort of advice that helps us maintain our position as the most trusted estate agency in the UK, according to Trust Pilot.
By doing it this way around, you’re not following the crowd blindly, and you raise the chances of ending up in your dream home.
Thanks for reading, and good luck.
Nick
