Hi
I need advice from people who have experience in selling and buying in a chain. We have finally decided to sell our apartment and buy a house. We have started the process to get a tracker mover with PTSB. We have a large enough deposit and do not require additional funds.
We have started visiting houses, all well within our budget, and will be putting our apartment up for sale in 2 weeks time. We have also secured rental accommodation in case we end up being in between properties.
The advice I read on various websites, including this one, is to try and sell the apartment first as no estate agent will entertain us until we are sale agreed. However, the mortgage manager I saw advised to start putting offers on properties as 1) we have a limited time to complete the sale and purchase (6 months), and 2) PTSB need an evaluation of the property we want to purchase to complete the approval (although he also said we could be approved on the basis of an amount rather than a specific property).
I wonder whether we should start expressing an interest in the properties we like. Do you have to have a proof that your property is sale agreed before you can make an offer?
Thanks
I need advice from people who have experience in selling and buying in a chain. We have finally decided to sell our apartment and buy a house. We have started the process to get a tracker mover with PTSB. We have a large enough deposit and do not require additional funds.
We have started visiting houses, all well within our budget, and will be putting our apartment up for sale in 2 weeks time. We have also secured rental accommodation in case we end up being in between properties.
The advice I read on various websites, including this one, is to try and sell the apartment first as no estate agent will entertain us until we are sale agreed. However, the mortgage manager I saw advised to start putting offers on properties as 1) we have a limited time to complete the sale and purchase (6 months), and 2) PTSB need an evaluation of the property we want to purchase to complete the approval (although he also said we could be approved on the basis of an amount rather than a specific property).
I wonder whether we should start expressing an interest in the properties we like. Do you have to have a proof that your property is sale agreed before you can make an offer?
Thanks