* Discuss with your real estate sales representative whether you should sell first or buy first, given your circumstances and location. Every market's different, so a real estate representative's knowledge of your area will be key in helping you decide how best to queue your sale and purchase. 

 * Price and prepare your current home to sell. Pricing right is the key to selling in a reasonable time frame, which is especially important when there's another transaction hanging in the balance.

The same goes for prepping it for Buyers' eyes, so arrange for those repairs and cosmetic improvements, de-clutter and make your home sparkle.

 *Get pre-approved for a mortgage (and make sure you are eligible for the "bridged mortgage" too). You'll know ahead of time exactly how much home you can afford to buy and you'll have increased bargaining power at the negotiating table when you're ready to move up. Let your lender know if you plan to sell your current home first.

 * Coordinate your closings. Timing is everything, especially when you're juggling the sale of one property and the purchase of another. There are many people involved in these transactions -many different schedules. Work closely with your real estate representative to ensure a smooth transaction.

 * Establish a contingency plan in the event you can't go straight from your current home into your next one. Where will you stay in the interim? Can you rent back from your home's new owners? What will you do with your belongings? Consider all your options and make provisions for the expense.

If you are considering selling your current home and moving into a bigger home, but you are not sure if the time is right for your area, feel free to fill out this form and I'll gladly provide you with complimentary Free Home Market Evaluation that will hopefully answer your questions.

 Sincerely,

Matilda Nestoroska

Broker