Next Home

Navigating the Home Buying and Selling Process

Are you considering selling your current home to purchase a larger family home? This exciting journey can be challenging, especially when deciding whether to sell or buy first. At EMC Finance, we help young families find the finance solution to secure that next home.

Selling First vs. Buying First

Considerations of Selling First.

Advantages:

  • Clearer Budget: Knowing your sale price provides a clearer budget for your new family home.
  • Stronger Negotiating Position: Being a cash buyer can enhance your negotiating power.

Challenges:

  • Temporary Housing: Selling first could require finding temporary housing while you search for your new home.

 

Considerations of Buying First.

Advantages:
  • Secure Your Ideal Home:
Challenges:
  • Pressure on Offers: You may feel compelled to accept less-than-optimal offers on your current home if your home is required to be Sold prior to settlement of your new home.
  • Bridging Finance: You may need to consider bridging finance, which adds to your overall costs.

Please check out Stamp Duty Calculator or Property Buying Cost Calculator

Key Considerations When Buying and Selling

  • Are you looking for a specific family home that requires purchasing first?
  • Is your equity position or cash flow a concern?
  • Is your current home market-ready for potential buyers?
  • Do you have a deposit saved for your new family home?
  • Have you considered the implications or delayed sales and cost of bridging finance?

At EMC Finance, we help you evaluate these options, providing tailored finance solutions to streamline your transition to your new family home.

Our Family-Focused Services

  1. Deposit Assistance: We can help secure deposits or deposit bonds, explaining the differences to help you make informed decisions.
  2. Pre-Approval Support: We assist in obtaining pre-approval for your new home purchase.
  3. Restructuring Options: We offer refinancing solutions to:
    • Change property structures
    • Convert owner-occupied properties into investments
    • Utilize equity for your next family home purchase
  4. Bridging Finance Guidance: We provide insights and assistance with bridging finance if you seek this option.

Ready to explore your options for your next family home? Enquire now, and we’ll arrange a consultation to discuss your unique situation and goals.