Kush's comment: “What would you buy if you sold it?”

News Corp Australia Network

Ray White Auctioneer Hasley Kush

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“What will I buy if I sell?” That's the question many people are asking.

The reality is that these people want to sell, but their home is no longer practical and is usually too big or too small, so they are constantly going out and looking.

Eventually, they find their next home, sometimes their dream home. But then, after months of searching, you discover that the owner of the property you want to buy won't accept a “subject to sale” clause.

Therefore, these owners are now faced with three options: sell quickly to meet settlement date, take out bridging financing, or find a way to keep both properties.

So the question is, what's better for your situation?

If you sell first, you'll know how much money you have, and then you'll buy.

When you first buy it, you know you have a place to move it to, and then you sell it.

Usually, it comes down to a person's risk profile and financial situation. If you can take out a bridging loan or keep both, buy first. If you can't carry both properties, your best bet is to sell them first.

Spring usually brings everything together. New real estate listings offer options for dormant sellers. Those sellers will buy and put it on the market, and Christmas will neatly wrap up the deadline for them to settle on the property or at least go under contract.

Energy is always high in the last five weeks before Christmas, and buyers can get excited too. So calling the auction is my favorite time of the year for him.