How to buy and sell a house on the Costa Brava at the same time

A decision that sometimes comes unexpectedly. Most of the time an opportunity that cannot be missed. It is especially in such a situation when you have to bet on selling and buying at the same time.

At Porfinca, real estate agent in Sant Antoni de Calonge, we have had the opportunity to assist many of our clients with this type of double transaction.

A situation that requires thorough planning so that both timelines fit as closely as possible and that everything goes according to plan.

What to keep in mind when buying and selling a house at the same time?

If you sell before you buy

It may happen that the sale of your house is planned before formalizing the purchase of the other. In these cases, there is a very appropriate solution so that you do not run into the problem not knowing where to sleep; formalize a rental agreement for a certain period of time with the buyer of your home. In this way, you will be able to continue living in your property after the sale, until you move into your new home.

Another very usual option is to agree in the deposit contract a certain period of time. This will allow you to find the house of your dreams with peace of mind, finish the planned refurbishing or deal with and finish all the purchase procedures.

Consider the Equity of your property

We talk about equity in a property when we refer to the difference between the current market value of the property and the outstanding debt of the mortgage. A factor that must be taken into account when making up the numbers before selling and buying.

Normally, it is difficult for financial institutions to grant new mortgages without having paid off the previous ones. An alternative is to assess possibility of a bridge loan.

Choose the best time

Choosing the right time to list your home can help you streamline the entire process. The beginning of the year is usually a good time to sell your house on the Costa Brava. A few months in which the search for housing increases considerably, because many interested parties intend to start enjoying the area when the good weather arrives

Opt for comprehensive advice

Real estate advice is key for the transaction going smoothly and seamlessly. There are many steps to follow and leaving them in the hands of professionals is the best investment for achieving your goals.

Knowledge of the local market, good perception in terms of marketprices, knowledge of the area, experience with obtaining all relevant documentation, marketing of your property, search for potential buyers.  An experienced real estate agent will take care for everything from the beginning to the end so that you do not have worry about anything.

If you want to sell your house at the Costa Brava with the intention of buying another at the same time, at Porfinca we are delighted to make this happen.

Contact our real estate agency in Calonge and leave the sale and purchase transaction in the best possible hands.