Why Subject to Sale Can Put You on the Back Foot
If you already own a home and are looking to buy again, the strength of your offer can depend heavily on how ready your current property is to sell.
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One of the biggest challenges I see with people looking to move is finding the right home before they are ready to sell their current one. You might find a property you love, make a strong offer and still lose out because your offer is subject to sale. That condition can make a big difference. Sellers Want Certainty Put yourself in the seller’s shoes. One buyer needs 20 or 25 working days to sell their current home. Another buyer only needs 10 working days for finance.
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Even if both offers are similar in price, the second one is usually much cleaner. That is especially important in competitive parts of Christchurch, where homeowners can be competing directly with first home buyers who do not have another property to sell. There Are Different Levels of “Subject to Sale” Not every subject to sale offer is the same. You might still need two or three weeks just to prepare your property for photos. Or you might already have an agent, photography completed and be ready to launch within days. You could already be on the market. Better still, you might already be under offer and simply waiting for that sale to confirm. Each step makes your position stronger.
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